When a firm produces only a single product or service and attempts to sell it to two or more market segments, it avoids the added costs of developing and creating additional categories of the product. This is an example of one product and multiple market segments.
<h3>What is one product and multiple market segment situations?</h3>
This is a situation where a business targets more than one market at a time using one product.
Multiple-segment marketing is the process of dividing a target market into various segments to that each segment can be targeted using a different approach.
Learn more about one product and multiple market segments at:
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<u>Answer: </u>Prime rate
<u>Explanation:</u>
Prime rate is the rate of interest charged by the commercial banks to their creditworthy customers for short term loans. These customers are usually big corporations involved in business. RRR is the required reserved ratio which the deposits that banks must keep in hand.
Federal funds rate is the charges that banks impose on other banks for borrowing. Federal fund rate is used in the calculation of the prime rate. Money multiplier formula means the bank uses to calculate the new money inflow through demand deposits.
Answer:
in the latter, foreign savings complement domestic savings in financing investment spending
Explanation:
In a closed economy, the country does not permit trade with other economies. The nation considers itself self-sufficient hence, it does not require to import or export any goods or services. All products and services produced within the economy are consumed within the boundaries of the country.
An open economy is the contrast of a closed economy. The country will allow international trade. Goods and services produced in foreign countries will be imported and consumed locally. In an open economy, foreigners are permitted to invest locally.
