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Irina18 [472]
3 years ago
7

Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy

mbol, on the packaging of its products in Indian markets to indicate the presence of animal-based ingredients. Such mandatory requirements that necessitate changes in the labeling of products are part of the ________ requirements in the local marketplace.
Business
1 answer:
Naddika [18.5K]3 years ago
5 0

Answer: social requirements

                                                           

Explanation: In simple words, social requirements refers to the steps and precautions that a firm should take for operating their business efficiently in an environment.

The Indian community consist of a large number of vegetarians having religious sentiments that do not allow them to eat non veg. Thus, it is necessary for the firm to properly communicate them the presence of animal based ingredients in the product.  

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Thus, <em>Portugal has a lower opportunity cost than Italy in producing a bottle of wine. Portugal's opportunity cost is 1/2 while Italy's opportunity cost is 2. Neither Italy or New Zealand (or any other country not mentioned in the example) has a comparative advantage in producing wine</em>.

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