While Promotion Does Not Create Needs, It Does Capitalise on Them

question 136

True/False

While promotion does not create needs, it does capitalise on them.

Explain the economic rationale behind exporting and importing goods.

Appreciate the role of opportunity costs in individual decision-making regarding resource allocation.

Understand the steps and importance of the planning process in achieving organizational objectives.

Recognize the role of effective planning in organizational success according to Covey's principles.

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Definitions:

Counterproductive Projects

Counterproductive projects are initiatives that instead of contributing to the goals of an organization, end up hindering progress or causing harm.

Majority of Voters

Refers to the greater part or more than half of the total number of people who vote in an election or on a specific issue.

Efficient Programs

Initiatives or policies designed to achieve the intended outcomes with minimum waste of resources.

Political Process

The collection of activities that influence the policies, actions, and leadership of a government or society.