Answer:
A, an economic Union.
Explanation:
An economic union is a type of trade agreement concerning the same market of commodities, between a group of countries.
The trade agreement usually involves the free flow of the factors of production as well as factors of production.
Also, the agreement means that countries that are a part of the economic union are able to adopt a currency, regulate and harmonize tax rates as well as implement similar policies.
Asides economic union, there are other types of trade agreements and they include, free-trade zones, custom union, etc.
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Considering the business planning strategies, the phase of the goals-based strategic planning that involves an in-depth analysis of the company and its competitors is "<u>Analyze the situation</u>."
This is because, during this stage, firms can carry out an analysis that is often called SWOT analysis.
This allows the business firms to carry out the analysis on their own strength, weakness, and then opportunities and threats of their competitors.
Some other the phases of the goals-based strategic planning include the following:
- Set direction;
- Define strategies;
- Deploy plan
Hence, in this case, it is concluded that the correct answer is "<u>Analyze the situation."</u>
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Answer:
Telemarketing depicts that alternate sales channels are cost effective for small businesses is explained below with example.
Explanation:
Telemarketing is the straight marketing of assets or assistance to possible consumers over the communications or the Internet. Four standard varieties of telemarketing involve outbound calls, inbound calls, lead production, and sales calls. The benefits are it is manageable to reach out to consumers and it is cost-effective if done, fortunately.
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An opportunity is created by a consumer problem, need, or desire. If a certain company or individual sees all those problems of the consumer or their needs and desire, the company sees it as an opportunity to develop or produce a product that will answer this problems.
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