Because it simulates a word-of-mouth recommendation. In addition, a word of mouth promotion is important for every business as each contented customer can ox dozens of new ones your way. The word of mouth is the transient of information from an individual to individual by the oral message which could be as simple as influence somebody the period of a day.
Making decisions to solve the economizing problems:
First and the foremost include the choices that are we must limit our wants and must use limited sources. In the case of production the productive efficiency the fixed technology and fixed resources must be solved.
The marginal cost and the marginal units must be considered to produce more efficient output. So the basic steps include limiting the needs of unlimited wants and must limit the usage of resources.
Answer:
It is about creating meaningful economic and social value.
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Explanation:
It is about creating new benefits that exceed the costs to the business and society. ... They can also increase productivity by addressing social and environmental constraints in the value chain, creating a real impact for suppliers.
