Answer:
B. Product development
Explanation:
A product development strategy is used when an existing company, with an existing customer base, tries to grow by introducing new products and/or services that target its customer base. This strategy entails more risk than market penetration but similar risks that market development.
The company can extend its product range by:
Research and Development investment, commonly used by tech companies like Apple who extend their product range constantly.
Buying the rights to produce products and services originally developed by other companies.
-Investing in the R&D of additional products, like when Microsoft developed Xbox One X.
-Getting the rights to produce someone else's product, like when Dinsey bought Marvell CU.
-Acquiring a popular product and rebranding it as its own product, like when google bought Picassa and launched Google Photos.
-Cooperating with other companies to develop products and services (shared ownership), which is very common in tech industries.
Answer: -$45 billion.
Explanation:
Net Exports refers to Exports out of a country less imports into the country and it is a component of GDP using the Expenditure method. The other components include Government Spending, Investment and Consumption all of which are given in the above question.
The Net Exports are therefore;
GDP = Consumption + Investment + Government Spending + Net Exports
3,542 = 2,343 + 865 + 379 + Net Exports
3,542 = 3,587 + Net Exports
Net Exports = 3,542 - 3,587
Net Exports = -$45 billion
The Net Exports are negative which means that more goods were imported than were exported.
Answer: Positive marketing
Explanation: It refers to a process under which an organisation joints its marketing efforts with any kind of social issue. Suck kind of strategy helps a company to build itself a positive brand image in the eyes of customers in the market.
In the given case, LG made a cheerful marketing strategy and linked it with a social cause.
Hence from the above we can conclude that the given case depicts positive marketing.
Answer: Joint venture.
Explanation:
In a country that doesn't allow foreign companies to own businesses in them, a joint venture can be created between the foreign company and the local companies in order for the foreign company to have a presence in that country. A joint venture is a form of business formation that involves two or more seperate businesses coming together to form a business establishment, while each business maintains their individual identities.
Answer:
D) Increase in the market wage rate for pastry chefs.
Explanation:
A decreased demand may be caused by an increased wage rate of pastry chefs. Since a bakery may hire this expensive labor and produce pastries, this will result in increased cost for the bakery, this will be passed on to the consumers in turn for increased prices. Consumers will buy less of it and thus demand for pastries will fall requiring bakeries to hire less chefs.
Hope that helps.
