BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Because resources are valuable to marketers, it doesn’t take them long to
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If our nation lacks a resource, we can usually trade something to get it
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pinpoint where a particular resource can be found in abundance
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all of above
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Detailed explanation-1: -The five main reasons international trade takes place are differences in technology, differences in resource endowments, differences in demand, the presence of economies of scale, and the presence of government policies. Each model of trade generally includes just one motivation for trade.
Detailed explanation-2: -International trade is the exchange of goods and services between countries.
Detailed explanation-3: -International trade arises from the differences in certain areas of each nation. Typically, differences in technology, education, demand, government policies, labor laws, natural resources, wages, and financing opportunities spur international trade.
Detailed explanation-4: -Trade promotion (sometimes referred to as export promotion) is an umbrella term for economic policies, development interventions and private initiatives aimed at improving the trade performance of an economic area.