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kari74 [83]
2 years ago
10

The ability of one person or nation to produce more of a good while using the same quantity of resources as another is called a(

n) ________ advantage. a.specific b.market c.specialization d.absolute
Business
1 answer:
kozerog [31]2 years ago
3 0

The ability of one person or nation to produce more of a good while using the same quantity of resources as another is called an absolute advantage.

The ability of a party to provide an item or service more efficiently than its rivals is known as the principle of absolute advantage in economics. The idea of absolute advantage was initially put forth in the context of international trade by Scottish economist Adam Smith in 1776, using labor as the only input.

An economy has absolute advantage if it can create more things overall while using the same amount of inputs. Absolute advantage entails lower costs and the use of fewer resources to create the same amount of goods than in other economies.

Learn more about absolute advantage here

brainly.com/question/9067127

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In the context of consumer behavior (CB), researchers derive meaning from talking to people and observing their behavior rather
Mariulka [41]

Answer:

The correct answer is (b)

Explanation:

Interpretive research is based on predicting and analysing consumer behaviour based on the socio-historic context. This is an old technique to use historic data to predict human behaviour which is not feasible to apply in today's world because people, their living styles everything has changed. Now, researchers try to predict a phenomenon and consumer behaviour by talking to them rather analysing in a socio-historic context.

5 0
3 years ago
Central Park Inc. is a company that sells women's clothing. It recently shut down its physical store and is operating as an app-
love history [14]

Answer:

M-commerce

Explanation:

Since in the given situation it is mentioned that Central Park Inc sells the women clothing and currently they shut down the physical store and they are operated now through app based. With this feature, anyone could access anywhere via using the mobile phones also at the same time the customer compared the prices

So this situation represent the mobile commerce or M -commerce as the people can access this from anywhere at any time, it is easy to use also it save the cost and time

7 0
3 years ago
The Industrial Revolution changed the way people worked by
Alborosie
The Industrial Revolution changed the way people worked by <span>having them use machines to do jobs previously done by hand. The correct option among all the options that are given in the question is the fourth option or option "D". I hope that this is the answer that has actually come to your great help.</span>
8 0
3 years ago
Read 2 more answers
A ________ identifies the target market, the merchandise and services (retail format) that will be offered, and how the company
kkurt [141]

A <u>retail strategy</u><u> i</u>dentifies the target market, the merchandise and services (retail format) that will be offered, and how the company will achieve a long-term advantage over its competitors.

A retail strategy is a technique you operate to increase your products or services and promote them to customers. There are a couple of elements to this plan, consisting of the region, shop, products/assortment, visual merchandising, a team of workers, carrier, mass media and communications, and fee.

Normally while we go to a retail store, just earlier than the billing counter, we see merchandise like gums, sweets, and different products with smaller SKUs that may simply be picked whilst the consumer is ready on the billing counter.

The retail strategy is a part of a strategic advertising and marketing plan that attracts or reaches consumers at once. It consists of product pricing/reductions, fee structure, promotional schemes, product overall performance demonstration, and fee structure for shops.

Learn more about retail strategy here brainly.com/question/15850455

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5 0
1 year ago
3. You plan to retire in 35 years. At the end of each year, you plan on saving $15,000, and your bank pays you 2% annual interes
snow_lady [41]
Answer: $535,500. $15,000 times .02 (2%) is 300. $15,000 plus 300 is $15,300. $15,300 times 35 is $535,500
4 0
3 years ago
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