Describe the Function of an Economic Community and a Trade

question 94

Essay

Describe the function of an economic community and a trade agreement. Explain why they are relevant to marketers. Give two examples of important economic communities.

Understand the concept and types of organizational-level incentive plans.

Identify circumstances where group incentives and competition are beneficial.

Recognize the advantages of profit sharing in increasing organizational productivity.

Understand the drawbacks of various forms of incentive pay, including stock ownership.