An intangible benefit is called a a) commodity b) Service c) market d) goods

Business

2 answers:

Dennis_Churaev [7]2 years ago

7 0

Explanation:

using the internet and the process of elimination, A is your answer

alexandr1967 [171]2 years ago

7 0

ANSWER:

CORRECT IF IM WRONG

BUT IM SURE THAT

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Thailand has a comparative advantage in rice and an absolute advantage in cell phones Indonesia has a comparative advantage in c

Aleonysh [2.5K]

Answer:

d. Thailand should export rice and import cell phones

Explanation:

Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.

To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.

The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.

The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.

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When using a __________ strategy, there is no change in either the basic product line or the markets served. Instead, increased

Dima020 [189]

Answer: market development

Explanation: In simple words,market development refers to the strategy in which a firm tries to cover new market or increase its sales in the existing market through promotion or product development etc.

These strategies are usually used by the multinational corporations that are going to start their business in some new foreign country.

Hence from the above we can conclude that the correct option is B.

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