Please Use This Outline Map of the World to Answer

question 71

Essay

Please use this outline map of the world to answer the question(s).

-Using arrows, locate on a world map the area with which each of the following should be associated: the Great Trek, the Opium War, the "march to the sea," the Open Door Policy, Matthew Perry's entry into a famous harbor, and at least one of the sites relating to gunboat diplomacy. Label each area by name.

Identify the impact of marketing on various stakeholders, including society at large.

Understand how marketing channels and supply chain management contribute to efficient distribution and customer satisfaction.

Recognize the importance of marketing communication in informing, persuading, and reminding potential buyers about a product or service.

Understand the historical evolution of marketing and its eras.

---

Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Externality Problem

A situation where the actions of individuals or firms result in costs or benefits to others that are not reflected in the market prices.

Subsidy

A financial contribution provided by government to reduce the cost of producing goods or services and support businesses or consumers.

External Costs

Costs of an economic activity that are not borne by the parties directly involved in the transaction but by other individuals or society at large.