Answer:
patent
Explanation:
A patent is a type of intellectual property that is classified as an intangible asset. It provides the patent holder protection for any invention that he/she has developed and registered with the proper government authorities. Patents usually last between 14 to 20 years and during that time the patent holder has the exclusive right to manufacture, use or sell his invention.
Answer:
Comparative Advantage: A country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
For determining comparative advantage, countries compare their good's opportunity cost with the other country's goods opportunity cost.
The answer is A, switching your cell phone off before you enter a meeting.
Answer:
E. The quantity of beef supplied decreases and the supply of beef is unchanged.
Explanation:
In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is <u>unchanged</u>. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.
Available options are:
A. direct channel.
B. indirect channel.
C. facilitated channel.
D. customer-service channel.
E. truck jobber channel.
Answer:
A. Direct channel.
Explanation:
The use of direct channel is prominent in the ice-cream industry which sales its products by using a music which triggers the sense that the ice-cream is just at my next step and the products at offers are from low cost to high cost to make maximum sales. The type of channel in which the salesmen sell their product by moving door to door is often refferred to as Direct channel.
