Answer:
firms who offer similar products to their competitors' products, but that are more attractive in some way
Explanation:
Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers
Answer:
d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.
Explanation:
Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.
Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.
Minimum wage isn't a price ceiling but a price floor.
Minimum wage increases the income of Labour.
Answer:
a. It is serving the bottom of the pyramid.
Explanation:
By serving the bottom of the pyramid (impoverished community), the company is giving back to the community.
The water purifiers are cheap when mass-produced, so by partnering with people from this region they will be able to effectively distribute the incentive.
Also this is an avenue for the indegenes to earn income as commission.
Answer:
A. Neuromarketing
Explanation:
Neuromarketing uses functional magnetic resonance imaging and brain waves to study the involuntary responses to marketing stimuli of an individual
Answer: (B) False
Explanation: Creating an improvement in profit and better efficiency are the strategies for the company's operational plan. If we talk about Corporate Social Responsibility, these are the actions aimed at reducing the social and environmental impacts caused by the company, to obtain the best results over time in terms of competitiveness and sustainability.
Example: The company can improve efficiency by using chemicals harmful to the environment, which is an operational strategy. If this action is changed to chemicals of organic origin, then if a social responsibility policy is complied with.
