Cross-selling involves convincing customers to purchase additional products or services in addition to the ones they had initially planned to. When they are complementary to one another, which happens frequently, customers are more inclined to purchase both cross-sold items.
When a consumer starts the checkout process or adds an item to their shopping cart, they are inferring to the company that they are a current client and intend to make a purchase. Businesses frequently use a cross-sell during this stage of the buyer's cycle by suggesting a related product or offering a discount if both are bought at once.
The practice of persuading customers to upgrade or add-on to the good or service they are purchasing is known as upselling. The advertised good or service is usually expensive which might raise the total cost of the order.
Similar to cross-selling, upselling often takes place when a customer has started the checkout process or added something to their basket and is more open to final sales pitches. The likelihood that the consumer will ultimately opt to switch at the last minute should improve as they are likely to have already done some research on the product and may have thought about the upgrade or add-on.
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the statistical thinking underlying six sigma is based on which of the following three principles? a. all activities can be controlled, employee empowerment is the best control tool, and 100 percent control is possible. b. all work is a process, all processes have variability, and all processes create data that explain variability. c. all work activities can be done accurately most of the time, empowered employees are necessary for effective control, and good statistical data is an empowered employee's best control tool. d. all work is a statistically controllable process, 100 percent control is possible, and every well-controlled process is defect-free. e. most business processes are subject to control, six sigma can totally remove variability in how processes are performed, and most defects can be eliminated.
The statistical thinking underlying Six Sigma is based on the following three principles: All work is a process, all processes have variability, and all processes create data that explains variability.
What is the Six Sigma principle?Six Sigma principle can be described as the set of management techniques that is been used as a tool in the organization which helps to improve business processes by greatly reducing the probability that an error or defect will occur.
Therefore, the six sigma is based on principles such as :All work is a process because no matter the process that's been followed one needs efficiency as well as high productivity.
Therefore, option B is correct.
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the approach to organizational structure that gives worldwide responsibility to strategic business units for the marketing of their product lines is known as product differentiation. True or False
The statement is true. The approach to organizational structure that gives worldwide responsibility to strategic business units for the marketing of their product lines is known as product differentiation.
Product differentiation is the characteristic or characteristics that make your service or product stand out for your target market. it's the way you distinguish what you promote from what your competitors do, and it will increase logo loyalty, income, and growth.
In economics and advertising, product differentiation is the process of distinguishing a products or services from others, to make it more appealing to a selected goal marketplace. This includes differentiating it from competitors' merchandise in addition to from a company's other products.
Product differentiation is vital in today's economic climate. It permits the seller to contrast its own product with competing products within the marketplace and emphasize the precise elements that make its product superior.
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in activity-based costing, the factor which drives costs and causes costs in the pool to be incurred is a
In activity-based costing, the factor which drives costs and causes costs in the pool to be incurred is a cost driver.
All transactions, regardless of their nature, must be recorded as soon as they take place, according to the accounting concept of incurred.
An expense is incurred when your company pays for goods or services it receives. Expenses that you have already paid for are known as paid expenses.
Any system for allocating costs to a component of a business is referred to as costing. Costing is typically used to develop costs for customers, distribution channels, employees, geographical regions, product lines, processes, subsidiaries, and entire businesses. Costing is how an entrepreneur determines how much it costs to produce or sell each individual product (good or service).
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new balance offers a variety of types of shoes to its customers at various price points, typically in 3 basic tiers, based on the quality of the material and components of the shoe. this is an example of managing the product line offering and is known as:
Customers of new balance can choose from a wide range of shoes kinds at varying pricing points, usually in three basic categories. This is an illustration of "good-better-best," which is management of the product line providing.
Define the good-better-best strategy?A corporation may use the good-better-best pricing structure, a tiered pricing approach, to boost sales.
When a business offers three distinct product or service packages, it is effective. Each option costs more than the previous one, but it also provides greater value, such as promotions or extra services. This pricing structure redirects customers' attention from cost to value by giving them the ability to contrast offers from the company rather than focusing on the products of competitors.The following is a list of stages for developing this type of pricing structure:
The services or goods you really want group together should be decided.Recognize the target market you wish to reach.Set the price ranges.Give the choices.Thus, based on the superiority of the materials and shoe components, new balance provides a wide variety of shoe kinds to its consumers at different pricing ranges, often in three basic categories. "Good-better-best strategy" is used in this case to manage the product line providing.
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Given the following objective, raise brand awareness to at least 40 percent among consumers 18 to 49, which critical element of an actionable objective is missing?.
The objective missing is a quantitative benchmark for raising brand awareness to at least 40 percent.
Brand Awareness:It relates to a customer's ability to recognize or recall a brand under various conditions. This memory comprises several brand identification visual components, general sentiments about the firm, and any other product or service information.
Brand awareness is an important part of brand equity (the value of a brand). Potential customers' ability to identify and recall a brand can have an impact on its long-term success. It might help the marketing team determine how well potential customers know and recall brands, and then leverage successful advertising efforts to boost brand recognition.
The apex of the marketing funnel is brand awareness. It is the first time potential customers come into contact with the company, and the marketing team's job is to entice them and convert them into paying customers by gradually pushing them down the funnel.
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there are historically three 32-month periods of generally rising prices in the stock market for every one 9-month period of falling prices. this observation leads you to conclude that the stock market exhibits a:
This observation leads you to conclude that the stock market exhibits a: Cyclic Pattern.
"Stocks" generally refers to the ownership certificates of any company. The stock certificate of a company is referred to as a share, however. Those who own stock in a specific company are referred to as shareholders. Common and preferred stocks are two distinct stock types.
The two basic categories of stocks are common stock and preferred stock. Continual Supply Common shares of equity are exactly that—common. Even though preferred stock typically does not have the same voting rights as common stock, it still represents a portion of the ownership of the company. Ownership in a publicly traded company is represented by stocks. A stock purchase makes you a shareholder in the company. By way of illustration, if you purchase 1,000 of a company's 100,000 shares.
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for slide 3, based upon the industrobots engagement scope document and what you learned above, what are your thoughts about who we should interview? which department heads or business process leaders are key to gathering requirements at industrobots? which external stakeholders? and what written materials should we ask the industrobots team to provide?
Business analyst and concern experts are responsible for requirement gathering process.
Business clients have a tendency to assume software teams to be mind-readers, and to supply a answer based totally on unspoken or unknown requirements. Hence, all of the necessities need to be formally captured in a huge document.
Who should be concerned in a necessities review?Ideally, your overview must encompass one individual from every area of the commercial enterprise impacted with the aid of the requirements, top examples include marketing, operations, product management, purchaser service, and IT. Often instances you will want extra than one person from a team because of the decision matrix within that group.
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https://brainly.com/question/14453713#SPJ4A minimum resale
price maintenance agreement
requires a dealer
who buys from a manufacturer.
Question 2 options:
1)
to sell for at least a certain maximum
price
2)
to avoid engaging in restrictive practices.
3)
to guarantee
a certain percentage of market share
4)
to sell for at least a certain minimum
price
1) To sell for at least a certain maximum price
What is minimum resale price management agreement?
A product maker typically enters into a maintenance agreement for a minimum resale price with a group of dealers who ultimately sell to end users. Manufacturers obligate merchants to sell the goods at a specific minimum price through such agreements.
What is minimum resale price?
A minimum resale price is a price that tells your customer they can't advertise or sell anything for less than that amount. There are numerous ways you might express this. For instance, it might be: a set amount/ fixed amount
In short,
A minimum resale price maintenance agreement (RPM) is a price arrangement in which a dealer (reseller) who buys a product from a manufacturer agrees to sell the product for at least a certain maximum price such as:
At or below a price ceiling.At or above a price floor.To know more about minimum resale price refer
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The country of Scotland was moved by the martyrdom of:
Answer: patrick hamiltion
Explanation:
Which of the following securities has the highest priority with regard to the distribution of both earnings and proceeds from the liquidation of assets of a firm?
corporate bonds
proffered stock
common stock
ADRs
Corporate Bonds has the highest priority with regard to the distribution of both earnings and proceeds from the liquidation of assets of a firm. Common stock is the last among them.
Similar to an IOU, a bond is a debt obligation. By purchasing corporate bonds, investors are making a loan to the corporation issuing the bond. In exchange, the business agrees in writing to pay interest on the principal when the bond matures and, in most situations, to return the principal.
For instance, a $1,000 face value, five-year, zero-coupon bond could be bought by an investor for $800. When the bond reaches maturity, the business pays $1,000, which is equal to the $800 purchase price plus interest, or the $200 original issue discount, for the first five years.
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A company needs construction equipment to complete a project over the next 20 months. The equipment costs $10,000. Instead of purchasing the equipment with a 12% note, the company leases the equipment with payments of $300 due at the end of each month. For what amount would the company record the lease liability at the beginning of the lease?.
The company record the lease liability at the beginning of the lease is $5414. Lease liability = monthly lease payment * Present value annuity.
What is Lease liability?
The responsibility to make lease payments is represented by the lease liability, which is calculated using the present value of upcoming lease payments. We simply discount the liabilities throughout the lease duration using the discount rate once we have obtained our data, which includes the lease term, lease payment, and discount rate.
A lease will be shown as a right-of-use (ROU) asset and lease liability on the balance sheet. The ROU asset is the control of the asset under the lease contract, whereas the lease liability is the payment obligation over the course of the lease contract.
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Scott has a life insurance policy in which the divends are left with the insurance company. this particular policy may be paid up when the cash value plus accumulated dividends: ________
Scott has a life insurance policy in which the dividends are left with the insurance company. this particular policy may be paid up when the cash value plus accumulated dividends equal the net single premium for the same face amount at the insured's attained age
A dividend that has not yet been paid to the shareholder on a share of cumulative preferred stock is known as an accumulated dividend. Cumulative preferred stock investors get their dividends before other stockholders do.
Cumulative Dividend Formula = Preferred Dividend Rate X Preferred Share Par Value
Preferred Dividend Rate = The rate set by the corporation at the time of share issuance.
Preferred shares = Preferred Shares Par Value. Depending on the terms of the issue, the dividend rate may be either fixed or fluctuating.
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suppose an airline took the independent action of reducing fares on its flights. other competing airlines quickly matched the fare cuts. the competitors' actions might be interpreted as:
In the Nash equilibrium, each player's strategy is optimal when thinking about the selections of other players.
Every participant wins due to the fact each person gets the effect they desire. The prisoners' quandary is a common recreation concept example and one that accurately showcases the impact of the Nash equilibrium.
Why Nash equilibrium is now not dominant strategy?Nash Equilibrium vs Dominant Strategy
A dominant approach is a approach which consequences in the exceptional payoff for a participant no rely what the different firm does but a Nash equilibrium represents a strategy which maximizes payoff given what the other player would do.
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https://brainly.com/question/17515037#SPJ4A six-month moving average forecast is generally better than a three-month moving average forecast if demand?
a. is rather stable.
b. has been changing due to recent promotional efforts.
c. follows a downward trend d, exceeds one million units per year.
d. follows an upward trend.
C. A six-month moving average forecast is generally better than a three-month moving average forecast if demand: follows a downward trend.
A statistical technique for predicting long-term trends is the moving average. The method entails moving the range while averaging a set of numbers from a particular range.
It is the average of any subset of values, is a method for gaining a general understanding of the patterns in a data set. For predicting long-term patterns, the moving average is quite helpful. It can be calculated for any time frame. When working with time-series data, the moving average method is used to smooth out both short-term fluctuations and long-term trends. Moving average is used in both financial applications and science & engineering applications.
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what is it called when a company owns a variety of businesses that increase its effectiveness, while having plenty of resources to add customer value to these businesses without financially stressing itself? multiple choice question. competitive mix industry leadership diverse marketing resource fit
This is known as resource fit . ( Option D )
- More about resource fit :
- Resource fit refers to both the corporate parent's ability to support its complete group of businesses financially and parenting skills, as well as whether each company business has appropriate access to the resources required to be commercially successful.
- Customers may occasionally be very eager to use a certain product or service, but this may be complicated by a lack of funding. As an illustration, a business with limited financial and human resources might not be able to purchase a premium solution to the issue they are trying to solve.
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12. As the second trial began, what happened to Ruby Bates?
She was missing and they could not find her.
when making a purchase, the buyer goes through a decision process consisting of all of the following: ________.
A. need recognition, product search, evaluation of alternatives, purchase decision, and post-purchase behavior
B. need recognition, information search, evaluation of alternatives, purchase decision, and product evaluation
C. want recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior
D. need recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior
E. need recognition, information search, product selection, purchase decision, and post-purchase behavior
The buyer goes through a decision process consisting of all of the following:
C. want recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior
There are five fundamental steps in the decision-making process for consumers.
Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps.
The five-step process used by consumers to make decisions
Problem identification acknowledges the requirement for a service or goodInformation lookup assembles data Alternatives assessment: compares choices to equivalent alternativespurchasing choice actually makes a purchaseAfter-purchase analysis ponders the purchase they just madeLearn more about decision process https://brainly.com/question/1657544
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young children are permitted to work in the manufacturing of soccer balls in some countries, but this would not be legal in the united states. yet, a company wants to sell these soccer balls in the united states. this is one example of a(n) .
A agency desires to promote those football balls within side the united states. that is one instance of a moral dilemma.
The required details for Ethical dilemmas in given paragraph
Moral dilemmas, additionally called moral paradoxes or ethical dilemmas, are conditions wherein an agent stands below two (or more) conflicting ethical requirements, none of which overrides the different. A intently associated definition characterizes moral dilemmas as conditions wherein each to be had preference is wrong. The time period is likewise utilized in a wider sense in ordinary language to consult moral conflicts that can be resolvable, to psychologically tough selections or to different kinds of tough moral problems. This article is ready moral dilemmas withinside the strict philosophical sense, frequently cited as true moral dilemmas. Various examples were proposed however there may be war of words as to whether or not those constitute true or simply obvious moral dilemmas. The imperative debate round moral dilemmas issues the query of whether or not there are any.
Defenders frequently factor to obvious examples whilst their combatants typically intention to expose their life contradicts very essential moral principles. Ethical dilemmas are available in numerous types.
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which of the following can you expect from opportunity teams? a. they form long-term relationships with customers b. they share information, tips, or contacts that help close a deal c. they split credit equally on every opportunity d. b and c
Option d. The options that you would have to expect from opportunity teams are:
they share information, tips, or contacts that help close a deal c. they split credit equally on every opportunityWhat are opportunity teams?An opportunity team in Salesforce is a group of users who frequently collaborate on sales opportunities. The account manager, the salesperson, and a pre-sales consultant could make up a typical opportunity team. The group works together to monitor progress and close the opportunity.
Salesforce users can quickly provide other users customized read/write access to the records they own by using opportunity teams to effectively "open" the records they possess. These recently recruited users can then be given pre-made roles that fit with the organizational structure of your company.
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an investment project provides cash inflows of $630 per year for eight years. a. what is the project payback period if the initial cost is $1,775? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what is the project payback period if the initial cost is $3,450? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. what is the project payback period if the initial cost is $5,200? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
An investment project is a group of interconnected tasks and activities that a corporation undertakes to accomplish specific financial or economic objectives.
Why are investment projects important?Investment projects are the fundamental tools for decision-making based on a commercial, technical, environmental, economic, financial, and social analysis because of their level of importance in industrial development.Why investment is important. Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.A new capital investment project is crucial for the development and growth of a business. Due to the fact that it frequently sparks research and development, it is also crucial for the economy as a whole. This kind of project is one that involves the growth of an existing product line or the creation of a new product market, also known as the target market.To Learn more About investment project refer to :
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a company purchased new equipment for $40,000. the company paid cash for the equipment. other costs associated with the equipment were: transportation costs, $2,200; sales tax paid $3,100; and installation cost, $1,500. the cost recorded for the equipment was:
Equipment Cost refers to the total sum paid by the company to the manufacturer of any item of equipment, including all relevant sales taxes and delivery fees as invoiced by that manufacturer to the company.
How to Calculate Equipment Cost?For a business, the cost of the equipment is simply the price the business paid for it. The cost of the equipment can be calculated using a company's balance sheet, albeit this information is not always accessible.Assets are typically listed on a company's balance sheet at their cost. However, the asset's book value will be the asset's cost less cumulative depreciation. As a result, cost can be determined using the asset's book value and total cumulative depreciation.New Equipment + transportation cost + Sales tax + installation cost =
$40,000 + $2,200 + $3,100 + $1,500 = $46,800
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eggs are a normal good sold in a perfectly competitive market that is currently in long-run equilibrium. how will price, output, and profit change if consumer incomes increase?
price increases; output increases; profit increases
Profit is defined as the difference between an economic entity's revenue from outputs and its opportunity costs for inputs. It is the sum of all revenues less all expenses, including both direct and indirect expenses.
Unlike accounting profit, it solely pertains to the explicit costs that are shown on a company's financial accounts. A company's accounting profit is calculated by subtracting just its explicit costs from its entire revenue. When examining a company, an economist considers all opportunity costs, both apparent and implicit. Profit in the economy is therefore less than profit in the books. An economist would define a business as profitable if its entire income equaled its opportunity cost.
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Which statement best defines a grant?
O A grant is an educational plan in which students alternate between studying for school and gaining work
experience.
O A grant is a loan offered to students to help pay for education-related expenses.
O A grant is money given by an organization for a specific purpose.
O A grant is a loan offered to anyone who is thinking about attending college.
Answer:
the second one
Explanation:
The long run average cost curve is tangent to an infinite number of?
a. total cost curve
b. margincal cost curve
c. average variable cost curve
d. average total cost curves
There are an infinite number of average total cost curves that are tangent to the long-run average cost curve.
What is the average cost curve over the long run?
Assuming that all production factors are variable, the long-run average cost (LRAC) curve shows the company's lowest cost per unit at each output level. The LRAC curve is based on the assumption that the business has selected the best factor mix for producing any level of output, as described in the previous section.
What is the tangent to when the long-run average cost curve is falling?
The reason for this is that the minimum points of the short-run average cost curves are not tangent to the long-run average curve LAC. For output below OQ, the long-run average cost curve is tangent to the falling portions of the short-run average cost curves when it is declining.
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Leadership style is the general way a manager treats and supervises employees.
a. true
b. false
Leadership style is the general way a manager treats and supervises employees A)true.
Leadership patterns are classifications of the way someone behaves whilst leading a collection. Lewyn's leadership patterns are authoritarian (autocratic), participative (democratic), and delegative (laissez-faire).
Democratic leadership is one of the most popular management styles because it involves entering from the complete team and fosters employees' experience of ownership in their paintings.
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question content area what is the type of account and normal balance of allowance for doubtful accounts? a.contra asset, credit b.contra asset, debit c.asset, credit d.asset, debit
Option a. contra asset, credit is the correct option of the given statement.
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.
Allowance for Doubtful Accounts: What Type of Account and Normal Balance?On the asset side of the balance sheet, the allowance for doubtful accounts account is mentioned, but since it is a contra asset account rather than a standard asset account, it has a normal credit amount.
Is an allowance for dubious accounts an account, and is its typical balance a debit or a credit?The bad debt expense associated to credit sales is estimated using the allowance for doubtful accounts, a contra-asset account. The normal balance of the account is a credit balance, and it is shown on the balance sheet as a reduction from the gross receivables.
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which of the following is/are forms of discipline from the cfp board? 1. private censure. 2. 1st strike. 3. suspension. 4. monetary penalties. which of the following is/are forms of discipline from the cfp board? 1. private censure. 2. 1st strike. 3. suspension. 4. monetary penalties. c. 2, 3, and 4 d. 1, 2, 3, and 4 b. 1 and 3 a. 1 and 2
The correct option is (b) 1 and 3, private censure and suspension. Private Censure and Suspension are forms of discipline from the CFP Board. Forms of discipline include Private Censure, Public letter of Admonition, Suspension, and Revocation.
The Certified Financial Planner (CFP) designation is a professional certification mark given to financial planners by the Certified Financial Planner Board of Standards (CFP Board) in the United States and by 25 other organizations connected to the Financial Planning Standards Board (FPSB), which is the owner of the CFP mark outside of the United States. The certification is typically regarded as the preeminent title in the financial planning sector. The certification is administered by the Certified Financial Planner Board of Standards, Inc. (CFP Board), a 501(c)(3) non-profit organization founded in 1985. It is neither a government designation nor an accredited degree.
The candidate must satisfy the designation's educational, examination, experience, and ethical requirements in addition to paying an ongoing certification fee in order to be permitted to use the designation.
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according to james marcia, the term ____ refers to the part of identity development in which adolescents show a personal investment in what they are going to do.
According to James Marcia, the term commitment refers to the part of identity development in which adolescents show a personal investment in their own identity.
What are the Marcia's 4 identity stages?Basically, an Identity refers to the unique set of characteristics that can be used to identify a person as themself and no one else
According to James Marcia, all individual have a four identity stages which includes:
diffusion (low exploration, low commitment)foreclosure (low exploration, high commitment)moratorium (high exploration, low commitment)achievement (high exploration, high commitment).Read more about James Marcia
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How do I Identify ways in which local businesses apply the marketing concept domestically and abroad and determine how it affects the business customers?
Invest in sponsored social media marketing campaigns or run Face-book banner advertising. Retargeting advertising should be used for prospects who have already visited your website. Customers social media contests to attract new clients.
Promote your products on the radio or television. International marketing is vital since it exposes your company to a bigger, global audience. On a brand level, foreign marketing provides opportunities for improved exposure, product awareness, and sales. Local marketing Customers is when you market your business to people within a certain geographical radius, such as those in your neighborhood or city. By focusing on a single area, you can begin to raise awareness of your products and services in the market that is nearest to you.
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Which theory would support the idea that by increasing the efficiency of resource utilization in the global economy, international trade results in greater economic growth and provides economic benefits to all countries that participate in a global trading system?.
Comparative advantage theory would support the idea that by increasing the efficiency of resource utilization in the global economy.
The required details about Comparative advantage is mentioned in below paragraph.
Comparative advantage is an economy's capacity to supply a selected correct or provider at a decrease possibility price than its buying and selling partners. Comparative advantage is used to provide an explanation for why companies, countries, or people can advantage from change.In an monetary model, retailers have a comparative benefit over others in generating a selected correct if they could produce that correct at a decrease relative possibility price or autarky price, i.e. at a decrease relative marginal price previous to change.
The idea of comparative advantage holds that even supposing one country can produce all items extra cost effectively than can some other country, each countries can nevertheless change below situations in which every benefits.
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