New research indicates that the ocean could rise in the next 100 years to a meter higher than the current sea level -- which is three times higher than predictions from the UN's Intergovernmental Panel on Climate Change,
Roy is a sole trader if he is not setting up a company instead starts a business.
<h3>What is a Business?</h3>
A business is the process of selling goods or services and earning revenue and profits through it, the business generates revenue which is deducted by the expenses incurred by the business. The business ensures the strategy to have a balance between these expenses and revenue so that there is some residue profit.
The sole trader is the business where the owner of the business is highly involved in day to day running of the business taking all the strategic decisions and responsible for all the debts of the business.
On the other hand a limited liability company is a business in which the owner of the company can be involved in day to day running of the operations but is not liable personally for the debts.
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Based on the PPF of the country, if the country were to produce an additional 20 computers at that level, the opportunity cost would be 40 kg of wheat.
If a technological advancement allows for computers to be produced more efficiently, the PPF would expand outwards as shown in the attachment.
<h3>What would be the opportunity cost?</h3>
At the point where this country can produce 10 computers, the amount of wheat it can produce is 400 kg wheat.
If it produces 20 more computers, it will move to the point where it can produce 30 computers and 360 kg of wheat. Opportunity cost would be:
= 400 - 360
= 40 kg wheat.
<h3>What happens due to a technological advancement?</h3>
When there is an improvement in technology, the production capacity of a nation increases. This leads to the production possibilities frontier expanding outward.
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Nothing really, you just might have a better idea of your budget if you do.
The correct answer is Passive or Interactive.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either Passive or Interactive.
<h3>What do you understand about the concept of IMC strategy? </h3>
- Integrated Marketing Communication.
- It refers to a process of combining and uniting the different parts of communication like public relations, audience analytics, social media etc. to form a brand identity that remains like a constant.
- IMC helps the companies to work on multi-pronged marketing campaigns and identify the right audience and target that audience with right channels.
- It helps in building trust, it is very cost effective and it helps in improving efficiency.
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