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What is international market penetration?
Market penetration refers to the number of customers, households or business that have taken up a product or service offer. For example, we might say in the Australian market, subscription TV has a relatively low penetration rate of 25%. This means that 25% of Australian households have subscribed to pay TV services. In other words, market penetration is a measure of a company or brand's ability to convert customers in a given market. By logical extension, international penetration refers to a company's ability to penetrate given international markets.
What is a market pull product?
A market pull product is basically a product the serves a purpose for other products.
As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product?
Yes. As long as a manufacturer does not try to control the market for a product it is okay for the manufacturer to design market and sell a product.
What is differentiated market?
where there is one specific product in the market. It includes only one product
How do you develop a new product in the market?
If you have a product no-one else has - market research will identify whether the product is likely to be successful.
Which way does money flow in the circular flow?
From the product market to households.
How do businesses and individuals participate in both the product market and the factor markets in the economy?
Businesses in a product market recive revenue from households to pay for the labor that they are using, and in factor markets businesses buy land etc. from households. This keeps the money flowing in the market economy.
In a free market economy the factor market involves which type of exchange?
a. the goods and services that households produce are purchased by firms.b. firms purchase factors of production from householdsc. Households purchase factors of production from firmsd. firms loan money to households to purchase capital
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the?
product market
Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the .?
product market
Households pay firms for goods and services Firms supply households with goods and services the purchase and supply of goods and services takes place in the?
It's Product Market.
If box B represents the resources market and flow 3 represents money income then?
Box D is the product market and box C is households.
What are the rules of households and firms in a market economy?
In a market economy, firms make the goods. Households buy the goods.
What are the roles of households and firms in the market economy?
in a market economy, firms make the goods. Households buy the goods
In a free market economy firms purchase from households?
In a free market economy, firms purchase factors of production such as labor, from households.
What are the roles of household and firm in a market economy?
Consider an economy consisting of households and firms which interact in two markets i.e. the goods and services market in which firms sell and households buy; and the labor market in which households sell labor to business firms or other employees. Required: Illustrate the above economy on a diagram
Compare the circular flow diagrams of a free market and mixed economy describe hoe they differ and why?
In a mixed economy, the government purchases land, labor,and capital from households in the factor market, and purchases goods and services in the product market.
