All categories

2 years ago

The sector tends to be the biggest sector in developed economies.

Business

1 answer:

oksian1 [2.3K]2 years ago

8 0

Answer:

Tertiary economic sector.

Explanation:

In economics, the tertiary economic sector is the one in which, after the extraction of raw materials and the production of goods, said goods or the services associated with said goods are traded in the market. Thus, the tertiary sector mainly encompasses retail marketing and the provision of services, such as banking, tourism or health benefits, among many others. It is, in short, the sector in which the goods produced enter the market, giving them an added value for its usefulness.

You might be interested in

The days' sales uncollected ratio is used to: Multiple Choice Estimate how much time is likely to pass before the amount of acco

olchik [2.2K]

Answer:

The days' sales uncollected ratio is used to: Estimate how much time is likely to pass before the amount of accounts receivable is received in cash

Explanation:

The days' sales uncollected ratio is an Asset Management ratio which calculates the length of time that it to collect credit from a customer and the first option is correct.

7 0

3 years ago

Funeral services, encyclopedias, fire extinguishers and reference books fall into this product classification: A. Homogeneous Pr

alina1380 [7]

Answer: Unsought products.

Explanation:

Unsought products are products that consumers rarely purchase, either due to lack of awareness about the product or lack of regular usage of those products. The unsought products includes; encyclopedias, cemetery space, reference books etc.

6 0

3 years ago

What strategy was avon pursuing until the mid-2000s? what were the advantages of this strategy? what were the disadvantages?

LenaWriter [7]

Avon used Direct Sales Model Strategy until the mid-2000s. It is a method wherein the business's own employees are in direct contact with buyers as they sell their products.

The advantages of direct sales model are:
1) strong customer relations
2) coordination with other effective business strategies
3) price and cost control
4) access to more customers

The disadvantages of direct sales model are:
1) more expensive compared to other marketing strategy
2) time consuming during sales calls or talks.
3) can be inconvenient or intrusive to clients or consumers.

8 0

2 years ago

Because services are inseparable, they cannot be tried before they are purchased. To counteract this, a service firm might:

Marina CMI [18]

Answer:

A, Offer a guarantee for the customer's complete satisfaction.

Explanation:

SInce services are inseperable beacuse there cannot be trials unlike in some goods, the only way to keep a customer's mind at rest over the service he or she is getting to give a guarantee as to the quality of the service such that the customer is satisfied and can purchase the service.

For example, giving a customer a time frame for the durability of a service and also a consideration for re-service before the set or supposed time is a way of giving customer guarantee about a service he or she is purchasing

Cheers.

3 0

2 years ago

Over the past year, you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period.

zimovet [89]

Answer:

exact actual growth rate of your purchasing power was 4.8%

Explanation:

given data

nominal rate of interest = 10%

inflation rate = 5%

solution

we get here exact actual growth rate that is express as

exact actual growth rate = $\frac{1+rate\ of\ interest}{1+inflation\ rate} - 1$ ..........................1

put here value and we will get

exact actual growth rate = $\frac{1+0.10}{1+0.05} - 1$

exact actual growth rate = 4.8 %

so here exact actual growth rate of your purchasing power was 4.8%

3 0

2 years ago