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.
A. Companies compete with each other for business
All of the other answers can be safely eliminated since they are more characteristic of a socialist economy. Answer choice A also makes sense, considering that private companies in capitalist countries like the United States compete with each other for business all the time.
The Presidencies of Kennedy and Johnson QC
1.c
2.b
3.d
4.b
5.d
<span>Under current economic models, corporations are globalized, You can communicate with someone in China as if you're talking to your next door neighbor. If the US were to remain isolated from other nations, it would negatively impact trade that has become a part of our daily lives - for everything from rice to oil to silicon. Trade is what drives economies and policy. To maintain and improve quality of life, which, in my opinion, should be the goal of any civilization, it must take into account globalization. To not follow this policy would make life as we know it extremely difficult to sustain. At the same time, necessity is the mother of invention. If we shut out ourselves from fellow civilizations, we may soon discover a new energy source; but we can look at one current example of a country that has shut out all other countries - North Korea. I don't know if the citizens are truly happy there, I assume not, from what I've heard of the people who try to escape, and it seems that not allowing your citizens basic medical needs which are available everywhere else in the world, but instead you let them suffer (National Geographic has a documentary on one such topic), this seems completely inhumane.
At any rate, this is not a black and white issue, there are many pieces to the puzzle that must be addressed to let us know if this policy would be beneficial to the citizens of the country. Many policies need to be put into place and maky problems must be solved in order to maintain a happy population.</span>
