The Hawley-Smoot Tariff Act of 1930 raised tariffs on many imported goods, but then countries that traded with the United States raised their tariffs in retaliation leading to increased prices for US consumers. Tariffs can be useful economic tools that boost the sales of a domestic product, but if other countries start to retaliate it can backfire by raising prices and causing economic problems.
Sample Response: Tariffs can be useful to help boost the demand of domestically produced goods. In the short-term, this approach can be good for the nation implementing the tariff because it can improve its production. However, this tactic can negatively impact other countries as the demand for their exports decline, causing a decline in their GDP. As seen with the Hawley-Smoot Tariff Act, countries may retaliate with tariffs of their own, causing global economic issues.
Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution)
The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation
Under the UPA ( uniform partnership act ) the partners share the profits of the business according to their contributions towards the business ( mostly financial contribution), the primary purpose of the uniform partnership act to to address certain in-formal or formal issue that was not addressed under the business agreement reached between the partners,
The reason why the UPA might not govern the sharing of the profits is because of the involvement of a partner who did not contribute towards the capital but contributes in terms of service. The UPA is used to address the issues of profit and loss sharing in a business partnership based on financial contribution towards the business and not based on service rendered to the business hence it won't work in this situation
<span>One technology that can be used effectively to shorten this waiting period, locate, and track items easily is RFID. RFID stands for the radio-frequency identification. This system uses an </span>electromagnetic field to identify and track tags that are attached to different objects. They are transmitted over radio waves from sender to receiver.
Answering the question, Sriracha's use of a single marketing mix for all potential customers means that the company is using: undifferentiated approach. This implies the correct answer is D.
The undifferentiated approach takes place when a marketer does not take into account the differences that exist within the market but decides to use a mass marketing strategy with the purpose to appeal to the greatest number of people. In other words, the marketer regarded the market to be heterogeneous aggregate.
Undifferentiated marketing is also called mass marketing, this type of marking approach focused on television, radio, and newspapers to reach out to a large audience.
When the company uses this medium to reach out to the larger audience, it maximized the exposure of the company’s product. Theoretically, this is directly tied to huge sales or increases the number of potential buyers.
This approach involves the spreading of marketing messages to a huge number of people and also with the hope of reaching out to several people who might have an interest in the product.
The company involves in general advertising to mass market its product with the purpose that it will get the attention of some people.
Some of the benefits of using undifferentiated approach include
In presidential elections, voters often find that they do not agree with any single candidate in all issues that matter to them this is known as limited and bundled choice problem.
In presidential elections, the voter has to select the candidate who is going to have the power of selecting the public services and goods that has to be financed by the tax money given by the voters.
The limited and bundled choice issue reduces the economic efficiency as a politician selects the programs with either positive or negative net benefits. The choices are bundled in that the limited set of candidates would govern over a multiple issues, and the preferences of the voters may not be perfectly aligned with any candidate.