Answer:
Opportunity cost
Explanation:
The theory of comparative advantage represent that if there is any benefit from the international trade so it does not only show the absolute advantage at lesser cost but it also represent the comparative advantage and generating at a lesser opportunity cost as the theory of comparative advantage says that the product and services should be produced at lower opportunity cost
Answer:
It is the journey or buying process that consumers go through to become aware of, evaluate, and purchase a new product or service, and it consists of three stages that make up the inbound marketing framework: awareness, consideration, and decision.
A recent Gallup study reported that firms with top engagement scores had 18% higher productivity.
Gallup is a company that does market research, and this was one of their latest ones in order to see whether people who engage in their work more actually produce more.
Answer:
The answer is: Red Carpet should try to focus on niche market segments.
Explanation:
A niche market is part of a greater market, but its focus is set on very specific products. The niche market has very specific market needs that need to be targeted by very specific products.
Usually niche markets are targeted by high priced products since normal broad range products or services will not satisfy their specific needs. For example, vegan restaurants are more expensive than McDonald's or Pizza Hut.
Since niche markets are small, usually big multinational corporations don't pay attention to them.
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The form of currency that is no longer backed by gold is called money. The currency is not backed by gold because in 1971 people have became able to utilize </span><span>banknotes</span><span> as the only form of money. So, the money had no currency with any gold or silver backing and that is the reason why it is not backed.
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