<span>Firms using the Harvesting approach during the decline stage of the product life cycle will gradually reduce marketing expenditures and use a less resource-intensive marketing mix.
In business, harvesting approach is a practice to exploit as much profit as possible from a certain company's product before it pulled out from the market. Usually being done because the firms want to replace the product with a newer one.</span>
A strength of the market economy is that resources are used efficiently.
<h3>What is a market economy?</h3>
- A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.
- The existence of factor markets that control the distribution of capital and the elements of production is a key feature of a market economy.
<h3>What are a market economy's four characteristics?</h3>
- A market economy is characterized by private property, freedom, self-interest, competition, and minimal government involvement.
- In a market economy, supply and demand are the driving forces.
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Yes, because the sum of 640 and 180 is greater then 760
Companies can assist in the development of a community that is going through an education crisis with investments in education, such as educational programs, subsidies and support to educational institutions.
<h3 /><h3>What is CSR?</h3>
It corresponds to an acronym for corporate social responsibility, which are means that companies use to attest to their social and environmental responsibility in a strategic way, instituting programs and investments in the local community, to generate value for the brand through the positive perception of stakeholders.
Consumers are increasingly interested in consuming from companies with positive practices for socio-environmental development that go beyond legal requirements, which is a relevant competitive advantage.
Therefore, CSR aims to institute continuous improvement in the organization, waste reduction, relationship creation and quality in its internal and external processes.
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