Firms spend money and time to advertise to showcase their product among the competition.
<h3><u>Explanation: </u></h3>
Advertisement is a form of communication between a seller of goods/services and the consumer. It allows individuals to bring their goods/services in public eye, awarding them of the existence of the said goods/services.
Firms spend a lot of time and money on advertising because it is one of the most effective ways to increase sales and potential customers. It allows firms to expand their market area. As the area expands, so does the base of their audience and hence, more people learn about its existence. An effective advertisement requires time and money so that it looks more attractive and compelling among the competition.
<span>John D. Rockefeller did everything by his own. Vertical integrations means that he employed his own workers, then he constructed barrels to store oil and rent wagons and horses to transport that barrels. So it's called vertical integration. </span>
can you please translate to english please?
A common practice was to pay ridicilously small wages to workers themselves and pay even less to children and women who were working at factories. Another thing that was done was to either import foreign workers who would have to work for even less, or to move production to companies overseas where they would set up a distribution and where workers themselves would also have to work for very small amounts of money. This increased their profit margins.
Ukraine is sometimes called the “breadbasket of Europe.”
