Answer:
The purchase of paper is not included in GDP as it is an intermediate good. The value of paper will be included as a part of value of book.
Explanation:
The GDP is the value of final goods and services produce in a nation in a year. The paper used here is an intermediate good as it is further used to make textbooks. So it will not be included in the GDP.
An intermediate good is the type of good which is not directly consumed but is used in further production of goods and services.
The value of the textbook as a whole will be included as it is a final good. The value of paper will be included as a part of the value of textbooks.
High rates of return usually accompany with high market share. So General motor need not go for an alternative strategy.
Explanation:
If the market share rises, the turnover on investment also rises little bit, but the profit margin on sales increases more due to high market share.Many business experts recognized that one of the main determinants of business profitability is market share. Under most circumstances, enterprises that have achieved a high share of the markets can get considerably more profit than their smaller-share rivals. There is no doubt that market share and return on investment ( ROI) are strongly related one with another.
High market share enjoys economies of scale which helps to reduce the total cost.Large-share businesses usually have achieved economies of scale in procurement, manufacturing, marketing, and other cost components.Once a business achieves a leadership position by using it's market share, surely it will develop a new field that able much easier for it to retain its lead than for others to catch up.Finally general motor must follow it's existing strategy to fix prices to catch at least 40 percent of the American car market.
Answer:
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Answer:
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Answer: commercialization
Explanation:
Concept testing is the stage at which survey is being carried out for a particular product. This is done in order to know how consumers will accept a new product before such product is finally introduced to the market.
Since the product has passed the concept testing, the next step will be commercialization. This is when the product is then introduced and the business is managed in order to make profit.
