Answer:
Neoclassic economists believe that both wages and prices are sticky (hard to change) only int he short run. In the long run, both prices and wages will adjust to new economic conditions.
In this particular case, neoclassic economists will predict that even though wages are starting to rise, in the long run the equilibrium wage will be higher.
Long run and short run are economic concepts that do not refer to a given time period, e.g. long term in accounting means more than 1 year, but long run in economics may take years to come.
Long run refers to the amount of time it takes for an economic variable to adjust to economic changes.
If Canada's increase in labor costs is paired with an increase in productivity (usually new technologies), then the economy should be able to grow since private consumption and investment will increase due to higher wages.
Explanation:
The answer is Perishability. It means that a firm cannot store its service. Service Perishability is used in marketing to describe the way in which service cannot stored in the future. The services in Perishability cannot be saved, resold, stored and return once they have been used.
Answer: Data mining
Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.
Explanation:
HELP!! I’m suppose to match the words to the definitions!!
How you will differentiate the company from competitors?
Your mission statement?
Suppliers your company relies on to produce its products?
The amount of funding needed to start the company?
A description of your competitors?
Your advertising plan?
The financial history of the company?
A description of the needs and desires of your potential customers?
A description of the departments in the company?
-Market Analysis
-Competitive Analysis
-Organization
-Executive Summary
-Products and Services
-Financial Analysis
-Marketing and Sales
-Funding Request
-Goals and Strategy
Answer:
sense of mission marketing
Explanation:
Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.
In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.