Answer:
a. "President Nixon expressed satisfaction with last year's economic performance. He said that with inflation and unemployment heading down, the nation is on the right course."
⇒ RECOVERY. Economic recovery refers to the economy starting to grow again after a period of recession. A rightward shift in the aggregate supply curve should decrease unemployment and reduce inflation.
b. "The nation's inflation rate rose to a record high last month, the government reported yesterday. The consumer price index jumped 0.3% in January. Coupled with the announcement earlier this month that unemployment had risen by 0.5 percentage points, the reports suggested that the first month of President Nixon's second term had gotten off to a rocky start."
⇒ STAGFLATION. Stagflation refers to a combination of high inflation and high unemployment. A leftward shift in the aggregate supply curve can result in stagflation.
c. "President Carter expressed concern about reports of rising inflation but insisted the economy is on the right course. He pointed to recent reductions in unemployment as evidence that his economic policies are working."
⇒ PHILLIPS. According to the Phillips curve, inflation and unemployment are inversely correlated. if inflation goes up, unemployment should go down. Phillips theory was discredited due to stagflation occurring during Nixon's presidency. Nixon created stagflation for the first time in the US since it isn't normal that inflation rises as unemployment increases. That shows you how good a president he was, he even invented new things for Americans to enjoy.
In this scenario, Cuppacuppa incorporation activities best illustrates EXPORTING.
Exporting is an economic activity, which involves the sending of a product made in a particular country to another foreign country which needs the product. The company sending the product is known as the exporter while the receiving country is called the importer. Each countries has its own regulations concerning goods that are coming from foreign countries.
Answer:
C) deciding which market-entry strategy is best
Explanation:
- Global marketing is a marketing principle to satisfy the varied needs and the wants of different people living across the national borders and to undertake the marketing activity is more than one nation.
- Deciding in the market entry strategy is a must to focus on the target markets and creation and management and establishment of the contracts in a foreign nation.
- <u>The company that makes organic and landscape supplies should first decide which technique to apply as in order to get maximum benefits such as the economies of scale, lower market costs, ability to leverage ideas, benefits of e-marketing and helps to establish relationships with the political arenas.
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This strategy is an attempt to retain the consumers' perception of their product. Consumers' perception is a marketing concept that has to do with the impression that a company produces about its products. Customers perception is influenced by advertisements, reviews, social media, personal experiences, etc.