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The Owner of a Firm Wants Some Advice on How

question 63

Essay

The owner of a firm wants some advice on how to increase productivity.Suggest three ways the entrepreneur could increase labor productivity through improving technology.


Definitions:

Promotional Mix

The combination of marketing strategies and methods a company uses to promote its brand or products, including advertising, sales promotion, public relations, and direct marketing.

Manufacturer

A company or individual that produces finished goods from raw materials through the use of tools, machinery, and processes.

Nationwide Advertising

Advertising campaigns that are designed and broadcast across an entire country, targeting a national audience.

Promotional Channel Strategy

An approach to reaching potential customers through various forms of media, aimed at increasing awareness and sales of a product or service.

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