Martin Was Recently Promoted to Manage a Retail Store

question 19

Essay

Martin was recently promoted to manage a retail store.He is trying to find the best ways to add value for customers.What are some things that Martin can do to add value?

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Definitions:

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Specialize

To focus on a particular area of study, work, or production, becoming an expert or highly skilled in that area.

Import

The act of bringing goods or services into a country from abroad for sale.

Colombia

A country located in the northern part of South America, known for its significant biodiversity, cultural heritage, and as a major producer of coffee and emeralds.