Answer:
different perception and different ideas
Explanation:
China, India, and Indonesia are expected to be among the world’s seven largest economies by 2050. Economic development in a country can be measured using gross national income.
Gross countrywide profits (GNI) is defined as gross home product, plus net receipts from overseas of reimbursement of employees, assets income, and internet taxes much fewer subsidies on production.
GDP looks at the production degree of a financial system or the entire annual value of what's produced within the kingdom; it measures an economy's size and increases the fee. GNI is the total dollar cost of the whole thing made with the aid of a rustic and the income its residents receive—whether or not it is earned domestically or overseas.
For instance, the cost of watermelon from the farm can be $1, then $five at the grocery save. In this situation, the watermelon's “final desirable” fee is $five, and so the total price of the good could matter in the country's earnings as $5
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<u>Answer:
</u>
The national competitive advantage of industries theory is the one that is based on the notion that competitive advantage is dependent on the four interacting aspects of factor endowments, domestic demand, firm strategy, and related and supporting industries.
<u>Explanation:
</u>
- Some countries bear a competitive advantage over other countries in producing certain commodities owing to the availability of resources in abundance that are required to produce the given commodity within the domestic boundaries.
- This advantage allows certain countries to fetch a greater profit than other competitor countries from trading in the same commodity as the initial cost of producing the commodity is low in some countries and high in some other.
When there are fewer competitors so that market we called that oligopoly.
The information with respect to the oligopoly is as follows:
- In this, there are a few firms that are independent for pricing.
- Due to this, they have sufficient some kind of market power.
- Also, the pricing and production decisions should be impacted.
Therefore we can conclude that when there are fewer competitors so that market we called that oligopoly.
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Answer:
<u>Marketing mix.</u>
Explanation:
Marketing mix is defined as a set of elements that make up marketing actions in an organization. According to Kotler, the purpose of the marketing mix is to help the company achieve its goals in the market by using a set of marketing tools.
There are several models developed to represent the marketing mix, but the most used by organizations is represented by four essential pillars for the development of any marketing strategy, which are the 4P's of marketing: <u>product, price, place and promotion</u>. For each variable there are distinct and relevant activities:
- Product: Differentiation of design, packaging, brand. Warranty Policy
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Price: Discounts and terms of payment and financing.
- Place: Store, distribution channel, logistics.
- Promotion: Advertising, promotions.