Answer: localization
Explanation: In simple words, localization refers to the prices in which a commodity is made in such a way that it matches with the taste and preference of local consumers that are actually targeted by the company.
Localization helps a firm to sell its product by making individuals feel connected to the product on cultural basis. Localization instantly makes the customer feel that the offered product can be used in his or her daily life.
Food chains like McDonald and subway providing extra spicy products in their menus in amaretto of India is a prime example of localization.
Answer:
C.
Explanation:
If they had to pay more then the customer will have to pay more
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Answer:
More accessible goods
An increase in international trade
A rise in regional Jobs
Answer:
True
Explanation:
Remember, that the term 'company strength' is commonly used to refer to the overall advantages a company has.
Thus, when it was said that Channel has the ability to appeal to different niche audiences that they can guarantee a "16 to 34 year old ABC1 audience at peak viewing times.
Also, mention was made about the company receiving 17 Oscar nominations in the year 1994. All this facts highlights the company's strength.
The information given regarding the marginal revenue is illustrated below.
<h3>How to illustrate the information?</h3>
Marginal revenue is the increase in revenue that results from the sale of one additional unit of output.
While marginal revenue can remain constant over a certain level of output, it follows from the law of diminishing returns and will slow down when the output level increases.
Here, the price effect dominates the quantity effect so he cannot increase the production from 7 units to 8 units.
Learn more about marginal revenue on:
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