Why would the market produce an inadequate level of some goods and services which society might view as critical for people's well-being? On the same note, why would they use a significant quantity of resources to produce goods and services which contributed little to society’s overall well-being?

Q: When it comes to the ethical difficulties introduced by modern means of information transmission and…

A: The accelerated advancement of technology has brought about a revolution in the way humans…

Q: What is a free market which no buyer or seller has power to significantly affect prices at which…

A: Dear students, as per the guidelines, we are allowed to solve only the first question in case of…

Q: How can businesses use economic indicators to develop and guide their strategic plans?

A: SOLUTION:  An economic indicator is a piece of data that analysts use to interpret current or…

Q: What is the concerns, their importance and their challenges of  Economic Complexity

A: Economic complexity is a concept that was introduced in the early 21st century and has gained…

Q: What are the four types of correlation?

A: Correlation is a concept and statistical measure which is highly used in marketing research for…

Q: How can businesses effectively balance the need for innovation and adaptation with the necessity of…

A: In today's dynamic corporate world, balancing the need for innovation and adaptation with ethical…

Q: In which of the following market structures is the degree of control over the price of its product…

A: The four types of price competition levels are explained below: Perfect competition: Under perfect…

Q: To be sustainable in the long term, why do we need to consider the actors creating value are also…

A: Worth creation is the bedrock of business. It's what separates you from your opposition, gets long…

Q: Among the indicators of market concentration, which has the most obvious effect or influence in the…

A: We can say that where I think market concentration is a difficult factor to quantify. We can say…

Q: what are the requirements for markets to work efficiently?

A: The Prerequisites of an efficient market are explained below in the following points:- 1. Free flow…

Q: Are sustainable strategies likely to provide greater profitability for Unilever compared to…

A: Yes, sustainable strategies are likely to provide greater profitability for a company like Unilever…

Q: Why is the American economy called a mixed economy?

A: The American economy is said to be a mixed economy because both government and privately owned…

Q: List atleast five effects of Market Failure on human, society, and economy.

A: The impacts of market failure on human, society and economy are explained below in the following…

Q: Does a recession influence the purchasing habits and companies’ marketing and management strategies?…

A: Recession is basically the decline in the economic activities across the economy which lasts for a…

Q: Why do businesses need to assess the relationship between economic indicators and business plans?

A: Economic indicators : Another important external environment factor is the economic indicators which…

Q: Identify one current economic condition in south africa and analyse how this may impact coca cola's…

A: The objective of the question is to identify a current economic condition in South Africa and…

Q: Explain the following policies that government might want to implement for promoting economic…

A: Introduction A corporation that purchases a new production facility or engages in emerging…

Q: What does economic issues have to do with the access and use of information and marketing research.…

A: Digital media technologies are enabling researchers to charge increasingly sophisticated tools to…

Q: Why should companies adopt circular economy principles by designing products that are recyclable,…

A: These are a set of strategies that aim to promote sustainable use of resources and reduce waste. The…

Q: Explain the secular trend of declining interest rate and increasing consumer debt in the U.S. since…

A: The trend on the world real interest rate for protected and fluid resources changed near 2% for over…

Q: Where should we produce or source our products?

A: Product Sourcing - It's the process by which a business succeeds in getting or achieving a product…

Q: Why has there been such a surge in the number of different products available in our economy?

A: Introduction: Product Variety describes the number and variety of products and brands that a…

Q: With the aid of relevant examples analyze the Five Forces Model that describes the competitive…

A: Market is a place where there is exchange of goods and services takes place against money. It can be…

Q: How do market prices serve as a "mechanism for connecting human demands on our natural world with…

A: Customers are very important for the organization. The organization take various activities to…

Q: Would the utilitarian recommend we do not support factory farming anymore by buying their products?

A: Utilitarianism is a consequentialist ethical theory that advocates for actions that produce the…

Q: What market position should we try to establish in our country, in our economic region, and…

A: Positioning of market involves placement of products cautiously in order to avail maximum…

Q: What strategies do organizational buyers use to mitigate the impact of commodity price fluctuations?

A: Organizational buyers, also known as business buyers or industrial buyers, are entities or…

Q: You work for a cranberry company in Nova Scotia looking to enter the cranberry market in australia.…

A: As a cranberry company from Nova Scotia looking to enter the cranberry market in Australia,…

Q: WE yields benefi 2.

A: When the companies are investing meony on the education sector then , their main objective is to…

Q: Discuss any four macro-economic indicators

A: Macro-economic indicators: Macroeconomic indicators, also recognized as major data…

Q: Describe how a company produces, delivers, and sells a product or service to create wealth

A: A marketing concept is started from the planning process till the product is sold in the market. An…

Q: Jamiaca Economic Analysis with links to

A: Jamaica is a small nation on an island in the Caribbean with about 3 million people living there.…

Q: Which theory of consumption best explains the consumption behavior of consumers of our economy.

A: Consumer behavior is known from what type of products the consumer choose . It is…

Q: why egg production is importance in agricultural production?

A: Egg production is important in terms of economical stability to farmers as it provides sustained…

Q: How can a company adapt its business processes to changing market conditions and customer needs?

A: Business process refers to the group of activities that are done by the company to achieve their…

Product Extension and Refinement

“Product extension is the marketing strategy using an established product's brand name on a new product that is in the same category.”