Answer: Catch up effect
Explanation: As per the theory of catch up effect, the economies of the world with poor financial conditions will grow more rapidly than those of the wealthy economies.
In the given case, Hermes had a better tool per worker than the Gobbledigook, and the equal change in capital units in both economies resulted in more impact on Gobbledigook.
Thus, we can conclude that the given case illustrates catch up effect.
Answer:
A.
Explanation:
Another name for specialization, this is when an individual focuses
on one specific skill in the field.
The seasonal sales indexes for the Black Lab ski resort are 1.20 for January and .80 for December. If December sales in 1998 were $5,000, a reasonable estimate of sales in January 1999 is $7,500.
(1.20 * 5000) % .80 = 7,500.
Sales are actions related to selling or the number of products sold in a specific time period. A sale is also defined as the provision of a service for a fee. The seller, or the provider of the products or services, completes a sale in response to an acquisition, appropriation, requisition, or direct interaction with the customer at the point of sale. The item's title (property or ownership) is transferred, and a price is agreed upon. The seller, not the purchaser, normally executes the sale, and it may be done prior to the obligation of payment.
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Answer:
The correct answer is True.
Explanation:
A marketing strategy helps to create products and services with the best possibilities of obtaining benefits. This is because the marketing strategy begins with market research, taking into account the optimal target customer, what the competition is doing and what trends could be on the horizon.
Using this information, determine the benefit customers want, what they are willing to pay and how you can differentiate the product or service from the competition.
