It should be noted that the competitive advantage of Johan's company is being affected by Demand conditions.
<h3>What are Demand conditions?</h3>
Demand conditions can be regarded as the size and nature of the customer base for products, and this usually bring about innovation and product improvement.
This is why Johan was happy that consumers had asked for a better grade of plastic for the toys his company produced.
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The equilibrium level of consumption is $28500.
The equilibrium level of consumption is at the point where the disposable income is equal to the consumption.
If this was properly placed in a tabular form, we would clearly see that when the disposable income was at $28500, the consumption in dollars was also at the same price level.
Given this condition, we can conclude in economics that consumption is at its level of equilibrium.
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The answer is no more than minimal risk and the research activities fall within regulatory categories identified as eligible. In addition, an expedited review procedure contains a review of research connecting human subjects by the Institutional Review Board chairperson or by one or more experienced reviewers chosen by the chairperson from between members of the Institutional Review Board in agreement with the requirements set onwards in 45 CFR 46.110. The expedited review process is conducted at an Institutional Review Board expedited review session. The submission goes through by staff in discussion with the Chair as needed, to govern if an expedited review process may be directed. If the procedure encounters the regulatory standards for an expedited review, it will be sent to the expedited review conference.
Answer:
Direct Marketing
Explanation:
These companies and many more rely on selling door to door, using home sales parties, etc. They do not involve huge media campaigns. They are pretty much focused on their investments in advertising. Since they normally know better who are they're targetting.
Four new manufacturing processes include 3D printing, smart factory, IIoT, and virtual reality, these technologies have a positive impact in diverse sectors and are used for manufacturing
During the last years, the development of technology has produced different objects such as smart appliances, smartphones, smart cars that have changed people's lives.
These technological improvements have also revolutionized the way of manufacturing different objects because they have improved the design, production, and marketing processes of the products. Several developments that have contributed to the industry are:
3D printing: It is a development that allows manufacturing objects or parts in different materials derived from petroleum.
- This technological advance affects the parts manufacturing sector in different ways
- In a toy factory, this development allows creating the parts of the toys much easier and more efficient
Smart factory: It is a technological development that allows improving the manufacture of objects through the use of digitized and connected machines to improve the production process.
- This technological advance affects all manufacturing subsectors because it integrates all processes.
- In a car factory, this development allows the assembly of a car to be done automatically and efficiently
Industrial internet of things (IIoT): It is a technological development that allows improving the manufacture of objects through the use of digital devices that work with artificial intelligence that perform a process and also analyze data to make productivity improvements.
- This technological advance affects all manufacturing subsectors because it integrates all production processes.
- In a food factory, this development allows production, packaging, sealing, and other processes to be carried out completely in the best way.
Virtual reality: It is a technological development that allows improving the manufacture of objects through the use of simulations that allows us to know previously how the performance of an object will be.
- This technological advance affects the design and quality control process to evaluate the functionality of the manufactured object.
- In a high-end bicycle factory, it allows knowing the performance of the materials in different types of roads, climatic conditions, and situations.
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