Business historians typically categorize American business history into five major eras. This particular period saw a shift in power toward the consumer, increased customer attention, and a proliferation of goods and services that flooded the market. The marketing era fits this description.
The marketing idea became the dominant business trend in the years immediately after the Second World War.
According to Keith, there have been four different periods in American history where marketing has developed into the significance it holds now within businesses. The production period, the sales era, the marketing era, and the marketing company era are some of these eras.
Industries first understood that concentrating solely on their own demands can leave customers unsatisfied in the 1940s. At this point, organizations' marketing strategies entail determining what their target market wants and then skillfully tailoring initiatives to meet those demands.
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business level strategies group of answer choices are concerned with how single business companies choose strategies. pertain to the operation of multiple businesses. include only the generic strategies. are concerned with how companies choose their mixtures of different businesses.
Business level strategies are concerned with how companies choose their mixtures of different businesses.
A business uses its business-level strategy to develop a competitive edge in specific product markets by leveraging its core competencies. It is an interconnected and consolidated succession of engagements and activities. It reveals the choices the business has made in terms of how it intends to compete in particular product markets.
A business-level strategy's secondary objective is to set the firm apart from its competitors. In order to distinguish itself from competitors, a firm must determine if it wants to carry out duties in a unique way or altogether in a new way. This strategy establishes the course that determines the focus of the actions that organization leaders should take.
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a(n) is a specific version of a product, while a(n) is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
product item is a specific version of a product, while product line is a group of closely related products that are considered to be a group because of marketing, technical, or end-use considerations.
What is marketing?
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services. It may involve choosing a target audience, choosing particular qualities or themes to emphasise in advertising, running advertising campaigns, participating in trade shows and public events, designing products and packaging that appeal to consumers, and defining the terms of sale, such as the purchase price, discounts, warranties, and return policies. The seller, who is typically a retailer or manufacturer, is responsible for marketing.
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The process of aggregating prospective buyers into groups with common needs that will respond similarly to a marketing action is called ______.
Market segmentation is the process of grouping potential customers into groups with comparable demands that will react similarly to a marketing initiative.
Explain about the Market segmentation?
Market segmentation separates a market into subsets based on demographics, desires, goals, similar interests, and other psychographic or behavioral factors used to better understand the target audience. By studying your market segments, you may apply this targeting to your efforts in sales, marketing, and product development.
Market segmentation is a marketing tactic that involves identifying particular client groups in order to provide them with particular products or product lines in a way that appeals to their tastes.
Market segmentation aims to assist organizations in comprehending the many customer segments that make up their market. Marketers may successfully target the segments that are most useful to their organization by combining people with similar traits and features.
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a construction firm can achieve a $15,000 cost savings in year 1 and increasing by $2,000 each year for the next 5 years by converting their diesel engines to biodiesel fuel. at an interest rate of 15%, what is the present equivalent of the savings?
19194.4 is the present equivalent of the savings for the given question
The equivalent annual worth of the savings will be calculated thus:
Annual cost savings in year 1 = $15000
Increase in annual cost savings = $2000
Project period = 5 years
Interest rate = 15%
Annual worth of savings = A + G(A/G, 15%, 5)
= 15000 + 2000(15,000/2000, 15%, 5)
= 15000 + 2000(7500, 0.15,5)
= 15000 + 2000(2.0972)
= 19194.4
Therefore, the annual worth of savings will be $19194.4
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you are considering a project with an initial cost of $4,300. what is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year for years 1 to 4, respectively? a) 2.04 years b) 2.36 years c) 2.89 years d) 3.04 years e) 3.36 years
For the given initial investment and cash inflows, the payback period for the project is 3.36 years (option e)
Payback period is the period where the initial investment is paid back by the cash inflows.
Data from the problem:
Initial investment = $4,300
Cash inflows:
Year Cash inflows Accumulated cash inflows
1 $550 $550
2 $970 $1520
3 $2,600 $4120
4 $500 $4620
Notice that at the end of the 3rd year, the accumulated cash inflows is $4120, while the initial investment is $4,300. Hence, we need $4,300 - $4,120 = $180 more to make the accumulated cash inflows equal to the initial investment.
Since, the cash inflows at the 4th year is $500, it is expected that $180 will be obtained within:
180/500 = 0.36 year
Therefore, total period = 3 years + 0.36 year = 3.36 years
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when an organization deliberately prices a product above the prices set for competing products, to entice those customers for whom pricing doesn't matter, the firm is engaging in
A pricing strategy known as predatory pricing is undercutting the competition for an extended period of time in order to drive them out of the market. Other providers are forced to leave the market because they are unable to compete when prices are set below costs.
Predatory Pricing: What Is It?Setting prices artificially low in an effort to drive out competitors is known as predatory pricing.Antitrust rules are broken by predatory pricing because it leaves markets more open to monopolies. However, accusations of this technique can be challenging to prove because defendants may be successful in arguing that price reductions are a natural result of competition rather than a calculated effort to weaken the market. Furthermore, due to the challenges in recovering lost revenue and effectively removing competitors, predatory pricing doesn't always achieve its purpose.The practice of predatory pricing involves a vendor setting a price so low that other suppliers are unable to compete and are compelled to leave the market. When a business does this, it first loses money, but over time, it gains because it eliminates rivals from the market and may raise prices once more.To Learn more About pricing strategy refer to:
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a minority prospect walked into best properties real estate and requested to see a specific house in a minority neighborhood. the broker can lawfully assume the prospect is
A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.
A sales and buy agreement contains what?A buy and sell agreement is used to formalize the intentions of the parties and the conditions that will control the transaction. You can specify details such as the item or property, the cost of the item or property, the terms for the item's delivery, and the date of the item's delivery.The Purchase and Sale Agreement will be drafted by the seller's representative or lawyer (P&S). This is the official contract to buy the house, which is the more legally binding document. It is a typical document of the "cookie cutter" variety.A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.To Learn more about Sale and Purchase Agreement refer to :
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which technique for making comparisons as part of a performance appraisal asks that managers order employees in a ranked group from highest performer to lowest performer?
The simple ranking can be described as the technique for making comparisons as part of a performance appraisal asks that managers order employees in a ranked group from highest performer to lowest performer.
What is simple ranking method?In the act of performance management the term simple ranking can be described as the type of ranking that has to do with the formal method of appraisal that is used to check the performance of workers.
That is, it is used to check the worth of the employees in such a way that they would be ranked from the highest to the lowest staff or from the best to the worst.
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is the oldest and simplest formal systematic method of performance appraisal in which employee is compared with all others for the purpose of placing order of worth. The employees are ranked from the highest to the lowest or from the best to the worst.
The approach to planning that focuses on formulating certain tactics to achieve specific organizational goals is called?.
Management by objectives refers to a planning method that focuses on developing precise tactics to attain specified organisational goals.
What is organizational goals?
Organizational goals are strategic goals established by a company's management to explain expected outcomes and direct employees' efforts.
Establishing organisational goals has numerous advantages: They direct staff efforts, justify a company's business and existence, set performance standards, limit the pursuit of unimportant goals, and serve as behavioural incentives. Organizations must create a strategy for selecting and meeting goals in order for them to have business value. Goals help a corporation identify its mission, grow its business, and meet its financial objectives. Setting precise organisational goals can also assist a company in measuring its progress and determining which tasks must be addressed in order to accomplish those business goals.
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in the context of performance appraisals, in which of the following appraisal methods are managers most likely to make leniency and strictness errors? a. the forced distribution method b. the ranking method c. the comparative evaluation method
In the context of performance appraisals, The appraisal methods are managers most likely to make leniency and strictness errors the graphic rating scale method.
A graphical rating scale (sometimes called a Likert scale) is a performance appraisal method that lists desirable traits and behaviors for each role and rates each employee on a numbered scale.
The graphic Rating Scale is a performance evaluation method that evaluates employees on key criteria related to performance and productivity.
Graphic rating scales as a technique are very effective in representing employee behavior in a quantifiable and comparable format. These ratings are compared among employees and stakeholders and can be used to benchmark and improve overall performance.
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g suppose that a country is in a steady state when a war destroys a third of the adult population and half of the capital stock, but nothing else is affected. what should we expect to happen? a) the country's steady-state level of output will rise, but the country's capital stock will rise to reach it. b) the country's output will jump above its steady-state and then capital stock will slowly fall. c) the country's steady-state level of output not change, neither will its current level of capital per worker. d) the country's output will fall below its steady-state and then capital stock, and hence output, will slowly rise
When a country is in steady state when a war destroys a third of the adult population, we should expect that the country's output will fall below its steady-state and then capital stock, and hence output, will slowly rise.
Option D is correct .
Solow model :Solow model was developed by the economist Robert Solow, who won the Nobel prize and was the base of ultramodern proposition of profitable growth. It explains the timely change in affair position due to changes in population rate, saving and technological progress in an frugality or steady state . It's an exogenous model able of calculating the total productivity in the frugality. This states steady state level.
Steady state :A system in which a process is in a steady state if the variables( called state variables) which define the geste of the system or the process are unchanging in time. In nonstop time, this means that for those parcels p of the system, the partial outgrowth with respect to time is zero . This overall process is steady state .
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by creating its own direct sales force, a company can multiple choice question. reduce materials handling and shipping costs. eliminate middle management. circumvent the need for distributors or dealers. outsource certain value chain activities.
By creating its own direct sales force, a company can eliminate middle management.
Management is the administration of an corporation, whether it's far a enterprise, a non-earnings business enterprise, or a government frame. it's far the artwork and science of dealing with resources of the enterprise.
The management definition is a unmarried or group of folks who demanding situations and oversees a person or collective group of human beings in efforts to perform desired goals and goals. moreover, the definition of management consists of the potential to devise, arrange, display and direct individuals.
Inside the only of phrases, commercial enterprise control refers to the coordination and management of commercial enterprise sports, obligations, and sources to attain a fixed objective. This regularly entails supervision and education of team of workers, overseeing middle operations, and designing employer infrastructure to optimize for the destiny.
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a forklift operator in an auto parts warehouse, haider recognized that his employer did not follow osha standards such as pre-shift safety inspections, enforcing speed limits, or ensuring all forklift operators were certified. after a coworker was seriously injured on the job, haider acted as a(n) and filed a report with osha and gave an interview to the local news.
Haider acted as a whistleblower after a coworker suffered a serious workplace injury, reporting the incident to OSHA and speaking with the local media.
A whistleblower is what?
A whistleblower is someone who discloses information about activity inside a private or public organization that is thought to be unlawful, immoral, illicit, dangerous, or fraudulent. They are frequent employees. Whistleblowers can share information or accusations through a variety of internal or external channels.
In the hopes that the company will address and resolve the problems, over 83% of whistleblowers report internally to a supervisor, human resources, compliance, or a neutral third party within the organization. A whistleblower may also make allegations public by speaking with outside groups like the press, the government, or law enforcement. Both the public and private sectors are susceptible to whistleblowing.
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after setting a five-year goal for their company, a group of managers look at where the company is today and the steps needed to achieve the final goal. they are using a technique called . question 22 options: overregularization means-end analysis analogies systematic random search
After setting a five-year goal for their company, a group of managers looks at where the company is today and the steps needed to achieve the final goal. they are using a technique called means-end analysis.
A common problem-solving method in artificial intelligence for limiting search in AI programs is means-ends analysis. Additionally, it is a creative tool that has been employed at least since the 1950s and is most usually discussed in engineering publications on design techniques.
A key idea in artificial intelligence (AI) is means-end analysis (MEA), which helps in issue-solving. By identifying the objective and creating the appropriate action plan, MEA resolves issues. In AI programs, this method is used to restrict the search.
In essence, Means-End Analysis is an early version of the Gap Analysis that we use frequently today. In their 1972 book, "Human Problem Solving," Allen Newell and Herbert Simon presented their creation from the late 1950s.
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missy is assessing global entry strategies for her organic yogurt shops. she does not want to take a lot of risk and is willing to limit her control of international stores. missy will most likely use a(n) blank strategy.
Because starting a new business in a foreign country is expensive and time-consuming, greenfield investments are considered to be very risky. A company might need to hire consultants or business partners to help it gain information and experience about the current market.
Missy is considering international entry methods for her healthy yogurt stores. She is willing to limit her authority over foreign stores since she does not want to take too many risks. Missy will probably employ a (blank) strategy.
The direct sale of goods and/or services to another nation is known as exporting. It is possibly the least risky and most well-known way to join a foreign market.
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In the ________ activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In the logistics activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In a broader sense, the term "logistics" refers to the act of organizing and transporting resources, such as people, goods, inventories, and equipment, from one location to storage at the intended location like a warehouse. A warehouse is a type of commercial building used extensively in the manufacturing and distribution sectors to store both finished items and raw materials as part of the supply chain. The transportation of supplies and equipment to troops in the field is referred to as logistics in the military.
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because of their reputations and acknowledged expertise, competent firms usually do not voluntarily provide written and detailed explanations of the procedures and methods used in collecting the information cited in the report. true false
The answer will be False
You are required to keep confidential all information regarding the affairs of your client that you learn during the course of the retainer. This obligation survives the end of the retainer.
As well, these confidentiality obligations are imputed to other members of your firm. The Supreme Court of Canada has held that it is not only the individual lawyer but also the firm as a whole that owes the fiduciary duty of confidentiality to the client.29
Neither you nor the lawyers in your firm may use confidential information against a former client of the firm. Lawyer moves to a new firm – When a lawyer changes law firms, the lawyer will be assumed to be sharing confidential information about past clients with members of the new firm unless adequate screening measures are in place to show that confidential information is not being disclosed.
Confidentiality requirements are the reason law firms create complex conflicts of interest machinery.
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a(n) is the difference between how much of an input was actually used and how much should have been used and is stated in dollar terms using the standard price of the input.
Answer:
Quantity Variance
Explanation:
if the mu of a product is high, what can you say about the following: a. the shape of the price elasticity of demand for that product. b. how high will the price likely to go?
As long as the marginal utility of each extra unit is greater than its price, a buyer will purchase things.As soon as the price surpasses the marginal utility, a consumer quits consuming new things.
What happens when MU price is greater?As long as the marginal utility of each extra unit is greater than its price, a buyer will purchase things.As soon as the price surpasses the marginal utility, a consumer quits consuming new things. When the elasticity number exceeds 1.0, it indicates that the change in the price of the good or service has an outsized impact on consumer demand.A value less than 1.0 denotes that the demand is inelastic, or somewhat insensitive to price. . A demand that is elastic experiences a significant shift in quantity demanded as a result of a price adjustment.When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic. High elasticity is a question with a single element.It has more elasticity if any one issue can make consumers buy less of the goods.Low elasticity is a concern of net-factor.This is a low elasticity product if, once all is said and done, no demand factor will significantly influence consumption. By dividing marginal utility in utils by marginal utility of one rupee, one can determine marginal utility in terms of money.When MUx exceeds price (MUx > Px), the consumer continues to purchase the good since she is paying less for each incremental level of satisfaction she receives.To learn more about MU price refer
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tasty tangerine is currently selling 50,000 boxes for $25 per box. variable cost per box is $17 and fixed costs total $260,000. a plan is being considered to spend $60,000 on advertising and reduce the selling price by $2 per box. management believes this plan will increase sales volume by 24,000 boxes. if management's predictions are correct, making these changes will cause net income for the year to blank . multiple choice question. increase by $44,000 increase by $132,000 decrease by $104,000 decrease by $16,000
The income will reduce by $16000
Fixed cost = $260000
Variable cost per box = $17
Total cost for 50000 boxes = 260000 + 17*50000 = 260000 + 850000 = $1110000
Selling price per box = $25
Total revenue from selling 50000 boxes = 50000*25 = $1250000
Profit before advertisement expenditure is incurred = $1250000 - $1110000
= $140000
Expected expense on advertising by tasty tangerine= $60000
The variable cost for 74000 boxes = 74000*17 = 1258000
Total cost after advertising expense = $1258000 + 60000 + 260000 = $1578000
Selling price after $2 reduction = $23
The volume of sales after 24000 boxes increment = 74000 boxes
Total revenue post increment = 74000*23 = $1702000
Net income = $1702000 - $1578000 = $ 124000
Decrease = $140000-$124000 = $16000
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Which of the following is an Internet job search “do”?
a.
Post your résumé without considering your privacy
b.
Pay attention to all directions before responding to job postings
c.
Assume that e-mail is informal, private, or temporary
d.
Take a passive role during your online job search
The option that corresponds to an Internet job search “do” is alternative b. Pay attention to all instructions before responding to job postings.
Is it effective to look for a job on the internet?Yes, because the internet is a means of mass communication capable of reaching a large number of people, so companies are increasingly interested in publicizing their vacancies through online platforms, such as job sites and professional social media, such as the linkedin.
It is essential that the candidate identifies the vacancy he wants to apply for and analyzes the essential information, such as the company, field of activity, level of experience and education required for the vacancy, and fills it out correctly to have his application validated.
Therefore, looking for a job through the internet is an effective, objective and fast way to identify vacancies aligned with your professional profile, and the candidate must analyze the instructions to compete for real vacancies that can evolve to the achievement of a position in the job market.
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rebecca siddoway own and operate country candies. siddoway specializes in making rich, creamy toffees that she packages in attractive gift boxes and sells through the mail. what would be the advantage to siddoway if she decides to incorporate her business?
The benefit for Sideway if she decides to incorporate her business is that
corporations have an expanded potential to acquire financing.
A company is a legitimate entity that exists independently of its owners. Many of the same legal rights and obligations that apply to individuals financing also corporations apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes.
The majority of big companies are corporations, such Some businesses operate both under corporations their own names and under several trade names, such as financing illustrious parent company, Alphabet Inc.
When a group of shareholders incorporates a business with the intention of pursuing a common objective, they each hold stock shares corporations that reflect a portion of the corporation's ownership.
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gas prices recently increased by 25%. in response, purchases of gasoline decreased by 5%. based on this data, the price elasticity of demand for gas is:
The price elasticity of demand for gas will be 0.2
According to the law of demand, the quantity demanded of a product falls with an increase in its price and vice versa. The percentage of the quantity of demand because of the stated increase in the price is measured using the price elasticity of demand.
In the given question, the quantity of demand decreases by 5%, and the prices increase by 25%. To calculate the price elasticity of demand, we have the formula:
=> [tex]E_{d} = \frac{Percentage of change in quantity of demand}{Percentage of change in price}[/tex]
=> [tex]E_{d} = \frac{5}{25}[/tex]
=> [tex]E_{d} = 0.2[/tex]
Hence, we get the price elasticity of demand for gas as 0.2
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berry co. purchases a patent on january 1, 2021, for $30,000 and the patent has an expected useful life of five years with no residual value. assuming berry co. uses the straight-line method, what is the amortization expense for the year ended december 31, 2022?
$6000 is the amortization expense for the year ended December 31, 2022 if the patent has an expected useful life of five years with no residual value.
purchase cost a patent on january 1, 2021= $30,000
expected useful life = 5 years
$30000/5years =$6000 amortization per year
$6000 is the amortization expense for the year ended December 31, 2022.
Amortization expenses reflect the cost of long-term assets (such as computers and vehicles) over their useful life. They show up on a company's income statement as depreciation expenses.
In business, amortization is the practice of depreciating the value of an intangible asset, such as a patent or a copyright, over the course of its useful life. Amortization expenses can have an impact on a company's income statement, balance sheet, and tax liability.
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which of the following accurately describes culture and organizations?multiple choiceorganizations have unique cultures that influence how their members operate.culture exists only outside of an organization, not within it.organizations always rely on cues from pop culture in creating an environment.organizational culture really only shows itself at social events like company picnics.
This represents community culture among in a work organization.
What is organizational culture?
The acceptable behavior in a company is determined by its culture. This culture is made up of a set of common ideals and beliefs that have been formed by leaders, disseminated, and reinforced through a variety of channels, ultimately influencing how employees think, act, and perceive the world. The backdrop for every action taken by an organization is determined by its culture. There is no universal culture template that can be used by all organizations due to the wide variations in industries and circumstances.
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global fashion, inc., a u.s. firm, and haute couture, a haitian firm, are parties to a contract that specifies what court, jurisdiction, or tribunal would decide any dispute arising under the contract. this is
Global fashion, inc., a U.S. firm, and haute couture, a Haitian firm, are parties to a contract that specifies what court, jurisdiction, or tribunal would decide any dispute arising under the contract. This is a choice of forum clause.
What is a choice of forum clause?A clause in a contract known as a choice of law clause or proper law clause allows the parties to designate that any disputes arising out of the agreement will be resolved in accordance with the laws of a particular jurisdiction.choice of law clause agreement will be regulated by and interpreted in line with New York state law, for instance.It is possible to combine a choice of law provision with a forum clause.The combined provision would specify the venue for any disputes arising under the agreement, as well as the law to be used in those disputes.As long as a choice of law clause is genuine, valid, and implemented, the court will often uphold it.To learn more about choice of law clause from the given link
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Which of the following information is needed when creating an effective budget? (1 point)
Onet income, variable expenses, fixed expenses, and savings
O gross income, variable income, fixed income, and savings
O net income, variable income, fixed income, and savings
O gross income, variable expenses, fixed expenses, and savings
Information is needed when creating an effective budget is net income, variable expenses, fixed expenses, and savings.
What is net income?Net income refers to the income of an individual or company after deducting expenses, benefits and taxes.
In business, net income is what a business has left over after all expenses, including wages, costs of goods or raw materials, and taxes. For an individual, net income is "take home" money after taxes, health insurance and pension contributions are deducted. Net income should ideally be greater than expenses to demonstrate financial health.
To calculate net income, take gross income - the total amount of money earned - and then subtract expenses such as taxes and interest payments.
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modern candy, a wholesaler, sold a crate of candy for $600 on account to a customer with credit terms of 3/20, n/60. if the customer pays within the discount period, how much cash will modern candy receive when it is paid? multiple
The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.
customer pays within the discount period , payble amount is $.582.
What do credit terms of 4/10 N 30 mean in regard to a purchase?n/30" states that if the shopper does not pay the (full) invoice amount within the 10 days to permit for the discount, then the net payment is due within 30 days after the sales invoice date.The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.When products inventory is purchased with credit terms of 2/10, n/60, the credit period is 60 days from date of the invoice. An checklist system in which the business has up-to-date data as to the amount of goods on hand is called a periodic inventory system.To learn more about : periodic inventory system.
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Josie is a teenage girl who wants to start a jewelry-making business. Her target market is females, ages 10-14. What price should she charge per necklace that she sells?.
Since his target market is youngsters, Josie's target audience is females between the ages of 10 and 14.
The definition of a target market is A company's target market is a portion of the market that is open to it. Marketing efforts and resources are frequently concentrated on the target market because no organization has unlimited marketing resources or money for advertising.
2. Josie should charge between one and ten dollars for each necklace target market considering that her target market consists of ladies between the ages of 10 and 14.
3. Because the focus group was set up to obtain opinions from a target market, the results from the focus group are descriptive rather than quantifiable, which means that the focus group is producing qualitative data.
4. A small boutique's inventory was chosen using quantitative data from an online article on European fashion trends.
To categorise data, choose one of the four broad categories.
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of the feasible and efficient points on the production possibilities curve (ppc) above, producing at which point will lead to the most economic growth in the future?
Point N of the production possibilities curve is the point which will lead to the most economic growth in the future.
What is production possibilities curve and how this point will lead to the most economic growth?Production possibilities curve that is ppc curve is a curve between capital goods and consumer goods.In the graph is mentioned several points and the shape of the curve is parabola.Here the question is asked about the point with most economic growth in the future.And the answer will be point N which will depict the most economically productive point.Hence of the feasible and efficient points on the ppc , producing at point N the production will be most.To know more about production visit:
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