I think your answer will be to 'soak up.'
Answer:
the effect of framing,
Explanation:
The effect of framing refers to some types of bias that occurred when people tried to pick their options while already believing that only specific type of options would be beneficial.
In the example above, Pablo has several options to turn the screw.
But he already had a pre-existing belief that only screwdriver would be the options that only beneficial for him. So, he chose to ignore the potential use of coins even if it also could solve his problem.
The strategy that ensures that some products will be doing well if other are competing poorly is the Risk diversification strategy.
Basically, term "Diversification" aims to mitigate risk or maximize returns by allocating investment funds different categories.
In a firm, Risk diversification strategy involves strategy of producing variety or categories of product to ensures that its has way of competing in the industry.
Therefore, the strategy helps in a situation whereby if one product fails in the market, some other product from same firm will still be competing in the industry.
In conclusion, the answer is risk diversification strategy because its ensures other product will compete if other fails.
Learn more about Risk diversification strategy here
<em>brainly.com/question/2826226</em>
Answer:
"In international environmental agreements, the idea that scientific uncertainty should not be used as an excuse for inaction is known as:" <u>The precautionary approach.</u>
Explanation:
The precautionary approach is ability to asserts that the burden of proof for potentially harmful actions by industry or government rests on the assurance of safety. And that, when there are threats of serious damages, scientific uncertainty must be resolved in favor of prevention.
NAFTA was signed on 17th December 1992 by all three members (Mexico, US, Canada) in their respective capitals and it came to power on January 1, 1994.
