Answer:
a.Georgeland has an absolute but not a comparative advantage in producing clothing.
Explanation:
A country has a comparative advantage in production if it produces at a lower opportunity cost when compared with other countries.
A person has an absolute advantage in production if it produces more quantities of the good when compared with other countries.
Georgeland produces more quantities of both food and clothes when compared to Alland, so it has absolute advantage in both activities .
The opportunity cost of georgeland in producing clothes = 36 / 18=2
The opportunity cost of georgeland producing food = 18 / 36 = 0.5
For Alland,
the opportunity cost of producing clothes = 32 / 16= 2
the opportunity cost of producing food = 16 / 32 = 0.5
Neither countries don't have a comparative advantage in the production of either clothes of food bedside they have the same opportunity costs in both activities.
I hope my answer helps you
The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.
<h3>What is clan culture?</h3>
A clan culture can be regarded as a tribe-like type of corporate environment which believe in
commonality of goals and values.
Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.
Learn more about culture at;
brainly.com/question/25010777
Answer:
test marketing
Explanation:
Test marketing is an experimental test of a product in a real life market. Buyers are studied in live shops or market without them knowing. It is conducted on a small scale to see the effectiveness of a marketing strategy.
When the products do not perform well at the test marketing phase it is assumed it will not also perform well in the real market, so they are termed failed products.
The marketing manager in Ithaca maintains a museum of failed consumer products from the test marketing stage.
Answer:
The answer is market strategy development stage.
Explanation:
During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.
Answer:
<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>
<u>Explanation:</u>
It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.
Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).
