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question 32

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Use the following to answer questions
Land's End offers clothing and accessories for all members of the household.For many years, the products were sold only through catalogues.Later, they were available through the company's website.In the past few years, Land's End has partnered with Target to offer selected Land's End products inside of Target retail stores.This move by Land's End has been criticised by some marketers because it was thought that the Land's End products were superior in quality to those that are available in Target stores.Additionally, the products available in Target stores include tools, lawn care equipment and household appliances, which are not typical Land's End product lines.This may create mixed messages about Land's End to prospective customers.
-The move to sell Land's End products inside of Target stores may lead to potential problems with customers' perception of Land's End quality, in part due to consumers' functional and psychological picture of Target stores.This picture is called the __________ of Target.

Understand the economic roles and distinctions between land, labor, capital resources, and entrepreneurs.

Grasp the impact of changes in consumer income on budget lines and consumer choices.

Comprehend the significance of the production possibilities curve (PPC) and what points on, inside, and outside the curve represent.

Recognize the concepts of economic efficiency, unemployment, and the potential for economic growth.

Definitions:

Decisions

The act or process of making choices or selecting an option from available alternatives.

Conscientious

A personality trait characterized by being diligent, careful, and meticulous in one’s work or duties.

Evidence

Information or facts that are used to support the validity of an assertion or conclusion.

Alternative Solutions

Different strategies or approaches that can be used to solve a problem or achieve a goal.