Answer:
Advancement in communication and information technology has further strengthen the role of the internet in business. The internet is widely used in organization for marketing and promotion of products and services. The internet is used to deliver customer support, share information and provide training to employees.
Explanation:
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William Dunbar, ‘To the City of London’.
London, thou art of townes A per se.
Soveraign of cities, seemliest in sight,
Of high renoun, riches and royaltie;
Of lordis, barons, and many a goodly knyght;
Of most delectable lusty ladies bright;
Of famous prelatis, in habitis clericall;
Of merchauntis full of substaunce and of myght:
London, thou art the flour of Cities all …
Answer:
b.theory of comparative advantage
Explanation:
Comparative advantage theory uses the concept of opportunity cost to measure the efficiency of each firm in producing a good or service. If Company A has a higher opportunity cost than Company B in producing a service, it is best to let Company B perform this service, while A must specialize in another activity. This may apply to companies that have the option of producing components of their final product or outsourcing these components. If the opportunity cost of a third party firm is lower, that firm will be more efficient in producing that component. Then the company can use its time and resources for other activities and purchase the outsourced firm's component. This way, the firm will be allowing another company to do part of the business because that other company is more productive in that particular service.
