Packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.
<h3>What are packaging and labeling?</h3>
Packaging and labeling are the processes of designing and developing suitable packages for the enclosure of products and providing some instructions and suggestions for product usage.
While packaging focuses on the product's appearance, labeling is mainly concerned with the product's description.
Thus, packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.
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Answer: by using the formula A=pi(3.14) R(radius) squared
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Demand is the same as quantity demanded.
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Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
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