Country A would have absolute advantage because it produces the most pounds of bananas per year per growing acre.
<h3>What is Absolute advantage?</h3>
This is defined as the ability to produce more than available competitors in the market.
Country A produces more pounds of bananas per year per growing acre which is why it has an absolute advantage over country B.
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Answer:
D. the demand for Nike running shoes is less elastic than the demand for shoes.
Explanation:
In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes
So, the option d is correct
Answer:
Establish project priorities
Explanation:
Option (c) Establish project priorities
The Establish project priorities helps in the smooth running of the project.
It deals with assigning the tasks involved in the project priorities. The priorities are assigned on the basis of the importance, resources required by the particular task, its effect on overall completion time of the project etc.
Answer:B
Explanation:
This is because as one's income increases his aggregate demand also increases as they both have direct relationship with each other.
Answer:
The correct answer is letter "A": research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity.
Explanation:
In an attempt to expand their operations, companies must analyze the market where they are planning to handle businesses. For such a purpose, entities must use two important tools which are segmentation and targeting. Segmentation is the classification of the market that differentiates customers by different features such as age, gender or income.
Targeting refers to selecting a specific sector of the market to whom the product planned to be manufactured will be offered. The steps an organization should follow to conduct the segmentation and targeting correctly are:
- <em>Research and validate marketing opportunity (in the beginning)
</em>
- <em>Identify business needs
</em>
- <em>Segment total market
</em>
- <em>Profile target customer segment
</em>
- <em>Research and validate marketing opportunity (at the end)</em>
