Answer:
New trade theory
Explanation:
New Trade Theory can be regarded as an economic theory, that helps in giving prediction about pattern of
international trade. It was set up arround 1970s. It gives explanation on
the reason why we usually have comparable products from countries that is not ours even though we have the product been produced in our country. It should be noted that New trade theory stresses that in some cases, countries specialize in the production and export of particular products not because of underlying differences in factor endowments, but because in certain industries the world market can support only a limited number of firms
Answer:
flexibility
Explanation:
A small business can be described as a privately owned corporation, partnership, or sole proprietorship. Its staff, profits and scale of operation is smaller than that of larger sized corporations.
Due to the fact that small businesses are less monitored and less bureaucratic, they tend to be more flexible and they quickly adjust to trends in the economy
Answer:
The correct answer is within; among.
Explanation:
Market segmentation is used by companies to separate the target audience with which they want to work. Considered as a market phenomenon, the technique consists of defining the marketing strategy by identifying the target market.
Segmenting this market means dividing it so that consumers are grouped according to a series of characteristics, needs or preferences. It is important that a segment has people with homogeneous factors and these depend on the objective of segmentation.
This separation into groups of consumers allows the company to identify and privilege one or more segments according to a range of objectives or products.
The segmentation process requires that the criteria that affect or influence purchase decisions be identified. There are various segmentation criteria: social, geographic, demographic, economic, social, lifestyle, and many others.
Normally, in a market segmentation it is necessary to address several of the criteria to better guide the marketing actions to follow. The more aspects that are used to characterize an audience, the easier it will be to develop a marketing strategy.
There is no way to think about segmenting a target audience without knowing what characteristics it needs to have in order for the strategy to be correctly defined.
Answer:
The correct answer is letter "A": Not work.
Explanation:
The case proposes having sales agents request managers for discount thresholds every time a salesperson is trying to give customers promotions since there is only one source of information. It will be a better idea to have a set threshold for every product offered in the store so sales agents would know the limits of prices they can offer as discounts.
Thus, <em>the idea of requesting managers for discounts in every sale is unlikely to work.</em>
Answer:
maximize profits.
Explanation:
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc