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2 years ago

Which of the following statements about GDP (gross domestic product) is TRUE?

Business

1 answer:

nasty-shy [4]2 years ago

3 0

Answer:

a) GDP measures the market value of final goods and services produced within a country.

Explanation:

Gross Domestic Product{ GDP} is the total market value of all the finished goods produced within the boundaries of a country at a specific time. GDP takes into account all products and services regardless of who produces them, be it locals or foreigners. In short, GDP is a measure of all domestic productions.

Economist uses GDP as a scorecard of a country's economic status. They use it to determine the growth rate of an economy and its size.

Investors and business people will use GDP in the decision-making process. They will want to invest in industries or countries that are growing. A steady rise in GDP signifies that the economy is doing well and growing. A decrease in GDP will indicate a recession.

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Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have

zzz [600]

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

Hence, the executive of Cherries on Top is practicing the utilitarian approach.

8 0

2 years ago

Exchange of_____ resources, and/or_______

Hunter-Best [27]

Answer:

h djj h cool cat

Explanation:

7 0

2 years ago

A nationwide fast food restaurant is considering adding an innovative new item to its menu. it introduces the item at a few care

Ede4ka [16]

This best represents the test marketing stage. During this stage, a new product is released on a small scale to a small market. Changes are made and if it is successful in the small market, then it is introduced on a larger scale.

7 0

2 years ago

Leah Hubert senses that her "favorite" product concept might be dismissed due to "inappropriate and unreasonable" financial anal

elena-s [515]

Answer: Product champion

Explanation:

A product champion is an individual who sees value in a good or service, and then creates and develops the good in a systematic fashion. The product champion tempts decision makers to invest, promote or sell the product.

The product champion is usually a

senior individual or executive of an organization who takes charge of developing the internal and external promotion of a particular good or service. In the above question, Leah is a product champion.

3 0

3 years ago

Which factor can boost business opportunities in Virginia?

o-na [289]

Answer:

Which factor can boost business opportunities in Virginia?

Re-branding

Well packaged advertorials

discount sales

promo sales

improve content quality

price reduction

Explanation:

4 0

2 years ago