Answer: machines; new technologies
Explanation: A number of factors all coalesced into the great depression of 1929. This was a time followed by the swing era (1933 - 1947)— the period of time when big band swing music was the most popular music in the US. However, there were a variety of economic changes in great depression that helped Americans cope with the undue hardship caused by the depression and the war that followed. At this time of slow growth, American labor industries increasingly turned to machines and new technologies to enable the economy run more efficiently which helped saved time in producing goods or delivery of services, contributing to the overall profits of the American businesses. It also contributed to the efficiency of a business's output rate, allowing for larger quantities of products to be moved or of services to be rendered.
Governments implement Administrative trade policies that are designed to make it difficult for imports to enter a country.
<h3>What is Administrative Trade Policies?</h3>
Administrative trade policies are bureaucratic rules designed to make it difficult for imports to enter a country. These are rules and regulations made by the government to control the entry of particular products into the country.
<h3>What is Trade policy ?</h3>
Trade policy is the set of agreements, regulations, and practices by a government that affect trade with foreign countries. Each nation determines its own standards for trading, including its tariffs, subsidies, and regulations.
Trade policies have a significant effect on the international economy and on financial markets. They affect exchange rates, the availability of goods, and the prices that people pay for them, among many other economic factors.
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Answer:
Benefits from related & unrelated diversification.
Explanation:
Firms' benefit(s) from related diversification :
- Building & developing market power - By sharing the related diversification going on in entire industry.
- Sharing activities & market linkages with other businesses - Associated diversification implies forward & backward linkages.
Firms' benefit(s) from unrelated diversification :
- Leveraging & enhancing different core competencies, USP - By Focusing on self paced unique diversification
- Creating a different ostentation brand - Creating a strong brand, capable of becoming a market leader, rather than market follower
Key concepts explaining firm success or failure from either diversification are implicit within above explanation.
