Explain and describe capitalism

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Reference no: EM135762

Q1 Price

• How is this product priced comparative to competing products?

• What is the basis for employing this pricing strategy?

• Are there pricing discounts (for example wholesalers, bulk)?

Place:-

• Where is the product sold as well as why have those locations been selected?

• Do the locations give suitable accessibility to the target market?

• Are products sold online as well? Is there transparency between online as well as brick and mortar outlets?

Q2 Explain and describe capitalism and how it functions in a free market economy.

Explain and describe management's role in setting ethical standards. Why does it matter what management's role is in setting ethical standards?

Explain and describe how electronic commerce is impacting trade, both domestic and international. How does electronic commerce influence importing? How does electronic commerce influence exporting? Explain and describe how the use of social media is impacting domestic and international trade.

Explain and describe the characteristics of successful entrepreneurs. Explain the benefits of entrepreneurial teams in a company workplace.

Q3 Google launched Google Plus to gain a base in the social media market. But, given that there are several social networking platforms and Facebook is at present a leader in social media, Google Plus found it challenging to make brand loyalty and establish itself in the market. This was for the reason that of____________.

Reference no: EM135762

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