The fact that trade now represents a higher percentage of global GDP reflects the<u> globalization of markets. </u>
<h3>What is the globalization of markets?</h3>
- Refers to the current phenomenon observed where goods and sold around the world.
- Has led to an explosion of choice for consumers and an increase in market size for producers.
As a result of so much trade being done amongst countries, global GDP has risen and analysis show that a large part of this is down to the international trade conducted amongst countries.
In conclusion, option c is correct.
Find out more on globalization at brainly.com/question/14088698.
Answer: Reverse Innovation.
Explanation:
Reverse Innovation is been used by Unilever company in making products for developed markets. Reverse Innovation involves introducing a new product to a developing market and if it succeeds in that market, the same product is then introduced to a developed market.
Answer:
If Product B is dropped, the total operating income of the company will increase from $5,200 to $7,800.
Explanation:
If Product B isdropped, the total fixed cost will reduce from $5,200 to $3,200 = ($5,200 - $2,000), while revenue and variable cost of Product B is 0.
The operating income is $7,800 = (revenue of $18,000 – variable cost of $7,000 – fixed cost of $3,200)
The answer is: A decrease in the profit-maximizing rate of output and a decrease in the firm's profits.
Answer:
General manager ,branch manager and department manager is the Wright answer.