France and England both produce cheese and cloth under conditions of constant opportunity costs. France will have a comparative
advantage in cheese production if: A. it can produce more cheese than England. B. its labor productivity in cheese production is greater than England's. C. the absolute cost of producing cheese is lower in France than in England. D. the opportunity cost of cheese production is lower in France than in England. E. it can produce more cloth than England.
The control phase of the marketing planning process involves comparing the activities that the advertising team has developed with the expected set of actions established. This phase is important to identify if the firm as a whole is meeting the desired performance or if there are adjustments necessary to be made.
The answer in the space provided is second. The diminishing
returns set happens when there is an increase with the input variable and by
this, it will likely cause the output to decrease as the marginal increase and
in the same time, other inputs remains to be in constant.
Helping their employees develop their own decision-making approach.
The two trees are time-driven decisions and development-driven decisions. Sometimes managers just have to take the lead and make a decision quickly and effectively, but in other situations they can take more time and focus on training and developing their employees into effective decision makers.
