Answer: B
Sales objectives, competitive strategy, and promotional tactic
Explanation:
Sales objectives provides a clear direction for the expected a turnover a firm hopes to achieve over a period of time.
Competitive strategy refers to various strategies Robin hopes to utilize in getting a share from the market share. While promotional tactics refers to the various campaign and publicity aimed at introducing a product to the public.
Robin will hope to utilize this three concepts in order to successfully penetrate a highly competitive food market while also maintaining a certain market share.
Answer:
Hiring temporary workers and outsourcing work
Explanation:
Labour is a factor of production responsible for mental and physical efforts directed to production.
Labour shortage occurs when the demand for labor exceeds the supply. Labor shortage could lead to an increase in wages following the theory of demand. When demand exceeds supply, price tends to go up.
Labor shortage could be solved by hiring temporary workers or outsourcing work.
Temporary workers are workers that are employed for a specific period of time. Temporary staff are ad-hoc staff whose services are only needed at a particular time.
Outsourcing work is a situation where a company will hire another company or person to perform a task on their behalf. E.g, outsourcing the job of cleaners and security personnel to another company. It mean the company will bring its own staff to work in your company.
Temporary employment, whereby workers are engaged only for a specific period of time, includes fixed-term, project- or task-based contracts, as well as seasonal or casual work, including day labour.
Google might be able to help you out with the answer
Answer:
Option 2 and 3 are correct
Explanation:
Foreign exchange refers to the conversion of one currency in exchange for another currency.
Foreign exchange market refers to a market for buying and selling of foreign currency in exchange of home currency. Such form of market has various participants such as forex dealers, brokers, institutions and individuals.
Foreign exchange market has no geographical location, rather it is spread online through network of banks, forex institutions and brokers.
International tourists require the currency of the nation they tour and thus they exchange their own currency in return for it. The process is foreign exchange.
Answer: Price discrimination.
Explanation:
Price discrimination occurs when a seller sales the same product for different prices to different buyers, in one case the price is less and in another case the price is higher when there is no need for a change in selling price. An example of price discrimination is when a car dealer sells a car at a cheaper price to his friend than he sold the same model of car to another buyer.
