Direct Transfer Programs _____

question 97

Multiple Choice

Direct transfer programs _____

• A)are generally less efficient and less politically acceptable than subsidy programs.
• B)are generally more efficient and more politically acceptable than subsidy programs.
• C)are generally less efficient but more politically acceptable than subsidy programs.
• D)are generally more efficient but less politically acceptable than subsidy programs.
• E)are generally less efficient as they benefit only the large farmers.

Recognize the role of lead users and customer input in improving and innovating products.

Identify the significance of unique selling propositions (USP) and meeting unmet needs in product development.

Learn the stages of the product life cycle and the characteristics of each stage.

Grasp the concept of brainstorming and other idea generation techniques in developing new products.

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Definitions:

Terms Of Trade

The ratio of an index of a country's export prices to an index of its import prices.

Bushel

A bushel is a unit of volume that is used for measuring agricultural commodities, with the exact weight varying by the type of commodity.

Lbs. Of Tea

This is not a key term in the context of economics or business; it refers to pounds of tea, a unit of measure for weight.

Comparative Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower opportunity cost than its competitors, underlining the benefits of specialized production and trade.