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3 years ago

What are the three roles of money in an economy

Business

1 answer:

Free_Kalibri [48]3 years ago

5 0

The three functions/roles of money in an economy are:

1) Medium of Exchange: When money are used to intermediate exchange of goods and services.

2) Unit of Account: Standard numerical unit of measurement of market value goods, services, or other transaction. Money must be divisible into smaller units without loss of value and a specific weight or size to be verifiably countable.

3) Store of Value: To act as a store value,money should be reliably saved, stored, and retrieved. It also must be predictably usable as a medium of exchange when it is retrieved.

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________ is a competitive strategy for creating brand loyalty by developing new and unique products and services that are not ea

boyakko [2]

Answer: PRODUCT DIFFERENTIATION

Explanation:

This is a marketing strategy that some companies employ whereby they aim to distinguish their products from that of competitors by giving it certain features that expound on its strength in the market.

This strategy can create a competitive advantage for goods that will ensure that the company maintains a dominant place in the market.

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3 years ago

Jane is conducting interviews in order to develop a customer profile for her client. She customizes each interview to each parti

adoni [48]

Answer:

Unstructured interview.

Explanation:

Unstructured interview are type of interview, where question are not preset or prearranged. Question asked in this type of interview are more informal and open ended, which allow interviewe to talk in depth and put his own point of view in his or her word. There is always purpose to conduct unstructured interview. People who conduct unstructured interview are well informed about the candidate and information, which he want out of respondent.

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3 years ago

What factors are involved when there is an interaction between a person and an experience?

olganol [36]

Answer:

The correct answer is letter "A": sociocultural factors.

Explanation:

Sociocultural factors represent the behavior of societies in different matters and how they can affect individuals. They are mainly driven by the difference among people in the same community and how they interact. Those factors could be religion, ethnicity, and culture to mention a few.

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3 years ago

Luxury Dwellings Inc. is a condominium-building company that is based in the country of Veritas. It sells high-priced homes to c

adelina 88 [10]

Answer:

International.

Explanation:

International strategy is the process of increasing involvement of enterprises in international markets. More specifically, internationalisation comprises the planning and implementation of specific products and services that can easily be adapted to foreign markets and cultures.

Why is it important to look abroad?

• Desire to grow

• Increase in performance and recognition

• Unsolicited foreign orders

• Domestic market saturation or limitations The crisis presents challenges at home, but also opportunities abroad

• Potential to exploit a new technological advantage

• Different geographies have different needs and complement each other in presenting a wide range of gaps and opportunities to build market presences.

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3 years ago

Once established, company cultures can be embedded and perpetuated by

Elena-2011 [213]

Systematic indoctrination of fresh associates in the tradition's basics, regular recurrence of central costs through higher managers and team associates, and usual rituals honoring associates who show required cultural behaviors

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3 years ago