Answer:
Product Markets
Explanation:
The free flow of products and services in a market is an important reason which helps in the encouragement of economic activity. A free market helps in the free flow of the products and services. The circulation of goods and services in the free economy is said to be the circular flow model. The product market in the circular flow model signifies the goods and services which are finished products.
Answer:
total payoff = $50000
Explanation:
solution
The payment is indicated on a specific node in a circular format.
This is the sum of the results and their possibilities.
we get here now total payoff node is
total payoff = 0.5 × $100,000 + 0.5 × 0
total payoff = $50000
and given the number, it shows that the right decision is the cancer lab. This is because it has the highest price with expected 60000
Answer:
cultural congruence
Explanation:
Based on the scenario being described within the question it can be said that the type of strategy being used by Trevor is known as cultural congruence. This term refers to when an individual or company is being aware of the different culture and introducing products into the target market that are culturally relevant to that specific culture/society.