The Data in the Table Below Assumes That with the Same

question 67

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers. Australia can make 1,000 computers or 2,000 units of food in a day, and the Philippines can make 200 computers or 1,200 units of food in a day.Table 20.2

-According to Table 20.2, Australia has:

• A)a comparative disadvantage in the production of both food and computers.
• B)a comparative advantage in the production of computers.
• C)a comparative disadvantage in the production of computers.
• D)a comparative advantage in the production of food.
• E)a comparative advantage in the production of both food and computers.

Understand market segmentation and classification methods.

Understand the different steps and their importance in the professional sales call process.

Recognize the different levels of customer relationship marketing and their characteristics.

Appreciate the significance of customer service and follow-up in building customer satisfaction and relationship.

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Definitions:

1924

A year marked by significant events in global history, including the implementation of immigration restrictions in the United States and the first Winter Olympics in France.

Robert La Follette

An American political leader and reformer, active in the late 19th and early 20th centuries, who was a founder of the Progressive Movement.

American Culture

The complex and diverse set of values, traditions, social and political relationships, and arts that define the social identity and practices of the United States.

Radio

A technology that uses electromagnetic waves to transmit information, such as music, news, and other types of programming, to a wide audience without physical connections.