Autarky is a state that exists where the entity can survive with no external help or the global trade.
<h3>What is trade?</h3>
Trade is the scenario when the nation engaged in acquiring or selling goods or providing services from or to the outside nations.
- Autarky is the situation of being self independent or exercising the self rule. It is being applied to the political states, systems of economy, communities or states of the nation.
- When an entity can able to exist in the market with no global interference or any kind of external help, then that situation of a firm is tend to be an Autarky.
Therefore, the definition provided in respect of the term Autarky.
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Answer:
Customer Relationship Management (CRM)
Explanation:
The core of every CRM system is the gathering and securing of customer information. It all starts there in a complete customer database, later that information is analyzed, shared and updated.
CRM is extremely useful for retaining current customers (increasing customer loyalty) and gaining new ones.
Answer:
<h2>In this case,the correct answer would be option c. or mentoring.</h2>
Explanation:
In any organisation,learning and development through mentorship constitutes acquiring new skills,knowledge and experience through a close relationship or association with someone who is more professional,experienced and established in a particular area of work or expertise.Mentorship basically includes close observation of the work methods,learning through imitation,following certain instructions and guidance from the mentor,obtaining support on various tasks and activities,incorporating valuable advice and recommendations in various activities and functions and so forth.In this particular instance,the firm has paired the employee with an experienced accountant to accelerate his work speed and enhance work efficiency or productivity through proper guidance,support and training obtained from the experienced accountant.Therefore,the firm expects improved work efficiency,enhancement of work performance and increased work speed through mentorship learning.
<span>Choice (A) is the correct answer. When an economy is expanding, the country will be able to purchase more products from foreign businesses, while also being able to produce more products. This will, in turn, cause the trade deficit to rise while still keeping productivity at the required high level.</span>
Is this a question or what is this.
