<u>Answer:</u>
This scenario represents the first phase of a <u>Horizontal marketing system</u>.
Option: (C)
<u>Explanation:</u>
- A horizontal marketing system is the marketing system where two or more companies of different nature collaborate in order to generate more profit for the engaged companies.
- This type of marketing system has prospect of expanding its market size in a wider demographic range.
- In horizontal marketing system, the opportunities for partnership of the companies is more.
- Also, there is less competition between the companies adapting horizontal marketing.
- An example of horizontal marketing is the collaboration of Coca-Cola and KFC.
Answer:
B. (iii) only
Explanation:
Economists normally assume that the goal of a firm is to earn
(iii) revenues as large as possible, even if it reduces profits.
The reason for economist to normally assume the goal of a firm is to earn revenues as large as possible, even if it reduces profits, is that, while achieving more profit is what can make firm to keep running, there are times when rather than maximizing the profits alone, the economist look at the long run and seeks to generate more sales or total revenue, even if it decreases the profit generated, so as to increase the firm market share relative to its competitors.
Hence, economist seeks to maximize profits, while making higher number of sales.
In short, the seek the following:
1. Growth Maximization
2. Increasing Market Share
3. Satisfying Behavior
4. Maximizing Sales or Total Revenue
According to Bailyn's historical interpretation, American revolution was the result of ideological change rather than economic or social motivation.
Explanation:
He states that it is the ideologies and principles and convictions of Americans which proved to be the impetus of the revolution. He states that this ideological scenario can be categorized in to three phases. Firstly, The colonists felt that a conspiracy free relationship with Britain need to be maintained but Americans started to feel the corruption of British government which were totally contradicting the ideologies of Americans.
This made them to plunge into protests. The second scenario occurred when Articles of confederation was established which highlighted the states rights. This was long debated, as these articles of confederation did not serve the purpose during times of Emergency and the third scenario is when the Americans realized the importance of humans as an important part of society and the founding fathers debated that every human carried a natural right which plays a significant role in framing the constitution.
Project 1 is the name of the research program trying to mimic the motor
