The producers is practicing <u>specialization</u> when a manufacturer or a producer concentrates on one very specific product.
Answer: Option C
<u>Explanation:</u>
Specialization is when a producer produces only a particular kind of good and focuses on the production of that good. The producer of that good tries to reduce the cost of producing that good and increase in profit.
Proper efficient techniques are used and that too efficiently so that the resources used in that goods are also used judiciously and not wasted. This helps the producer of that good to become competitive in the market of that good and do better than others.
Answer:
33.33%
Explanation:
If we divide the profit on the original price we get the procentual increase in price.
1/3=0,3333=33.33%
Answer:
Yes
Explanation:
Globalization is a huge danger to local cultures because it can rob them of their identify by imposing a fit-for-all culture known all over the world.
Local cultures prosper because they are local and unique, far away from the global influence. Globalization brings people together but it also makes them all look alike because they are exposed to the same influences, in culture, business or politics. Some local tradition may become too old fashioned for many to be still followed and they may disappear, especially if the young people reject them because they don't seem attractive any longer. To prevent local culture, some rituals have to be maintained and pass over to the next generation, globalization jeopardizes this process and some local cultures may become extinct in the end.
