Answer:
The correct answer is letter "C": a result of more efficient resource allocation than would be observed in the absence of trade.
Explanation:
Trade has allowed societies to exchange their products according to their needs. Thanks to trade those goods are distributed accordingly more <em>efficiently </em>since, in isolation, countries would be specialists of certain types of products only which is unlikely to be enough to cover all the individuals' needs in those societies.
Answer: Personalization
Explanation: In simple words, personalization refers to the altering of product or services by the producer with the objective of increasing the customer satisfaction.
In the given case, the employees of Kirksand airlines respond to the specific needs of the customers readily. They are flexible in their operations and always be ready to fulfill specific requests.
Hence, from the above we can conclude that the correct option is B.
Answer:
Explanation:
a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4
price P=15-Q=10-4=6
profit=6*3-TC=18-(3+4+0.5*4^2)=3
b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.
c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.
d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.
Answer:
a. Product, price, distribution, and promotion variables
Explanation:
As a customer requires various attributes of the product, that is for which the customer will not compromise in, these include:
The product needed, as for the customer is hungry he shall ask for a pizza, now pizza is a product.
The price of the product, if the price is in the budget of the customer he shall buy it else he shall not buy it.
Distribution associated with it basically the method in which it will be distributed, the packaging extracts.
Promotion variables includes extra benefits like offered with the product, cash backs as for example, etc:
<span>A good reason for cutting meats and poultry
into thin slices for sandwiches is that thin cuts are more delicate, a sandwich
produced using dainty cuts is less demanding to eat and many thin cuts make a
thicker sandwich than maybe a couple thick cuts of a similar aggregate weight.</span>