Answer:
US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.
Explanation:
Absolute Advantage is when a country can produce more output per input of a commodity, than other country.
Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)
China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.
However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.
Answer:
The answer is "- $ 575.68".
Explanation:
please find the attached file.
Answer:
- A growth strategy that emphasizes both new products and new markets DIVERSIFICATION STRATEGIES
- A growth strategy that introduces existing products to new markets MARKET DEVELOPMENT STRATEGIES
- A growth strategy that focuses on selling new products in existing markets PRODUCT DEVELOPMENT STRATEGIES
- A growth strategy designed to increase sales of existing products to current customers, nonusers, and users of competitive brands in served markets MARKET PENETRATION STRATEGY
Strategic planning is the process by which a company's resources and capabilities are matched to its market opportunities on a long term basis.
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