Answer:this example serves as a reminder to consider the COMPATIBILITY of your product and its intended target market."
Explanation:
When the company decides to sell the new product it has to consider if it will be compatible with the intended customers. Compatible means it will align well with the customers individual wants, needs, beliefs, patterns , values and preferences.
These are the factors that influence tej decision on whether customers wil buy or not buy the product,for example if a product is not what they want or need it is unlikely that they will purchase the product.
A University is an Institution that offers undergraduate and graduate degrees. Universities offer graduate programs leading to a masters degree or a Ph.D.
A College is a smaller institution that typically offers undergraduates degrees. Some colleges such as community colleges and junior colleges, May Offer only two year degrees Hope I helped
Free market- a large selection of products is available
limited gov. power- gov. can't define what you can or can't buy/ sell
some gov role -make sure products are fresh and no sell/ buy slave/ mistreated animals
competition- keep quality high and prices low
private ownership- you can "own" things, as long as you pay no one can take away from you
free business- any one can be a store owner as long as you pay for good and license, anyone can sell
The transition economy might have problems with rising unemployment, inflation, lack of entrepreneurship and skills, corruption, lack of legal system, moral hazard and inequality. With these problems that the transition economy will have, it might turn foreign investors and will not invest.
