Answer: Social Class
Explanation:
Social class and income level are closely related with each other but these two are different concepts. Income level is largely based on the monetary resources a consumer have. Whereas social class defined a group of consumers which is based on the income, prestige, occupation, education. Social class have two recognizable components:
(1) Income
(2) Occupation
Everyday consumers are trying to improve their life by increasing the income level and moving up the social class.
Answer and Explanation: From the following given case/scenario, we can state that , GoGo motors is trying to recombining and redeploying existing core competencies in order to compete with the other firms present in the industry in the upcoming future markets. Since, the company has already realized that there is a vast growing demand for green automobiles and thus it has created a new market opportunity.
I believe the answer is just Trade Barriers, sorry if there's more, I can't think of another.
Answer: Prevention cost is used to protect equipments and assets and as such is an investment.
Explanation:
Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.
Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.
