Hey there,
Your question/statement reads: <span>Jonathan is a photographer. he has been hired by a company to shoot an advertisement for their product. which role does Jonathan play in the advertising process for the product.
Based on the small excerpt above, I believe the Jonathan would be played as the (boss) in a way. It said on how he advertised and he also hired people. So he would be the (boss/leader) of this. And also, he would be the owner of this product.
Hope this helps.
~Jurgen</span>
Answer:
It is differentiation strategy A)
Explanation:
Differentiation strategy : this focuses on providing a product or a service with distinctive attributes, in comparison with what other competitors are offering in order gain competitive advantage. The company adopting this strategy must continuously innovate and ensure the quality features of their products and services embraced by the customers are sustained and improved upon .
Concentration strategy : here, company is using differentiation strategy but focusing on a particular niche of the market.
Lateral diversification : this is when a company decides to grow or expand by acquiring another company in the same line of business.
Vertical Integration : this is when a company decides to grow by taking over the entire value chain of operation . For instance, if we decide to acquire the business of our supplier or decide to take over distribution channels from the middle-men.
Conglomerate diversification : this is when a company decides to invest in another line of business different from our existing nature of business.
Answer:
The percentage of Indiana residents with a college degree rises from 25% to 30%.
Explanation:
Human capital is one of the most important (according to some economists the most important) aspect for economic growth. If college graduates in Indiana go from 25% to 30%, it means that Indiana's human capital has improved.
With improved Human Capital, now Indiana can produce better steel and corn, or even produce other things, because its college graduates have acquire the necessary knowledge to do so. This will in turn lead to economic growth and a higher standard of living.
Answer:
Both of these answers are correct.
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its cost.
Activities that generate positive externality are
1. Education
2. Research and development
To encourage activities that have positive externality, government can subsidise such activities. Subsidies makes the activity cheaper and incentivise people to carry out such activities.
Market forces may lead to an underallocation of resources to producing the good. Therefore, the government might intervene in the allocation of the resources to increase efficiency.
I hope my answer helps you.
<u>Explanation:</u>
Note, the term diminishing marginal utility refers to an economic principle that states that the more unit of a particular commodity or service we consume, the more the satisfaction (utility) derived out of the consumption reduces or diminishes.
For instance, if I watched movies produced by a particular entertainment company for several days (eg Disney Studios), I may become dissatisfied using this particular entertainment provider and may decide to try another service (Netflix).
Another instance could occur after exercising, I'm given 3 bottles of coke, after taking my first bottle, the amount of utility I derive would reduce until I get to the third bottle, at this point I've reached my peak.
The law of diminishing marginal utility failed for someone I know who had used the same type of toothpaste and brushed her teeth at least once a day for a period of over 10 years.
