Which of the Following Theories Emphasizes the Interplay Between the Proportions

question 86

Multiple Choice

Which of the following theories emphasizes the interplay between the proportions in which the factors of production are available in different countries and the proportions in which they are needed for producing particular goods?

• A) Porter's theory
• B) Smith's theory
• C) Ricardo's theory
• D) Heckscher-Ohlin theory

Explain the concept of utility in marketing and how different types of utility contribute to customer value.

Identify the components of a company's marketing plan and how they guide strategic decisions.

Understand the impact of external environmental factors on marketing decisions through environmental scanning.

Recognize the importance of promotional strategies in achieving marketing objectives.