Answer:
A) Regionalism
Explanation:
-Regionalism refers to the idea that countries that are close to each other have a similar identity and shared history that leads to the creation of regional institutions or trading blocks that generate integration between them.
-Globalization is the process in which people, governments and organizations around the world are more connected.
-Monopolies are created when an organization is the only one that can provide a product or service in a market.
-Nationalism is an idea in which people put their nation above all others.
-Traditional Practices refer to behaviors that are common to a specific group or culture.
According to this, strong pressures for convergence due to a shared history and culture, or the establishment of a trading block where there are deliberate attempts to harmonize trade policies, infrastructure, and regulations have contributed to the rise in regionalism.
The loyalty of customers to a company or brand is called B. GOODWILL.
Goodwill is an intangible asset. When you have customer loyalty, this will reflect on the overall performance of the company because all throughout the changes a company undergo, customers are always there.
Goodwill of customers will bring more potential clients to the company making them earn more without spending much money on advertisements. When you satisfy the needs and wants of your clients, they tend to share their good experiences with others. Thus, encouraging other to experience your goods or services first-hand.
The patterns identified through data mining can help identify customers who may respond to campaign. This tactic will likely increase sales.
Answer:
B) Entrepreneurship and knowledge
Explanation:
For Darnell, labor is readily available. The many locations where he can set up his business represents land. He is sure to get start-up funds, which is capital. Out of the four factors of production, he now needs entrepreneurship skills and knowledge.
Entrepreneurship is the art of creating a new business and managing it to profitability. It involves taking risks associated with pursuing a business opportunity. Darnell is the entrepreneur in this case. He has to coordinate all the other factors of production and make them work as a unit. He needs the knowledge to start and manage the business to make it successful.
The answer is
B) Trade Barriers
