(I’m not sure if I’m right)
Answer: His insistence that the Kaiser must step down
The Spaniards wanted the land the french wanted the gold
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True, new colonies were established in Africa, India, and the Far East.
Firms spend money and time to advertise to showcase their product among the competition.
<h3><u>Explanation: </u></h3>
Advertisement is a form of communication between a seller of goods/services and the consumer. It allows individuals to bring their goods/services in public eye, awarding them of the existence of the said goods/services.
Firms spend a lot of time and money on advertising because it is one of the most effective ways to increase sales and potential customers. It allows firms to expand their market area. As the area expands, so does the base of their audience and hence, more people learn about its existence. An effective advertisement requires time and money so that it looks more attractive and compelling among the competition.
A significant factor was the general recession in the years following the 2007 housing bubble popping. People lost jobs, were struggling to pay bills, and naturally it was not an ideal time to purchase a vehicle.
Another significant factor was the surge in oil prices that came with the economic crisis, and the increased costs that automobile manufacturers faced due to the credit crunch that also came with the crisis. Since a lot of US manufacturers at the time were selling big SUV's, such as Hummers, as their most profitable products, the steep fall in demand hurt the industry immensely. At the time, US auto manufactures didn't offer many fuel-efficient, inexpensive alternatives to choose from.
The government chose to bail out major US automotive companies, providing large loans in order to help them stay solvent and keep their stock price from tanking. The results were generally positive. Big auto-manufacturers, apart from a couple mergers, survived and were given time to adapt the new market for fuel-efficient, less expensive vehicles.
I would tell the Michigan Economic Council to adapt ahead and to urge companies to diversify their product line. A major factor that automotive manufacturers can definitely take the blame for is their over-reliance on the sales of expensive SUV's, when oil prices and general market trends suggested that the future was not with these vehicles.
