Answer:
B. with an exclusivity clause limiting the number of products a celebrity can endorse.
Explanation:
An exclusivity clause is a legal document that allows a celebrity to work exclusively with the issuer of contract and restricts them from participating in any marketing activity of any individual or any company without getting into the contract with them. The exclusivity clause is also helpful in creating a competitive advantage by limiting with whom your business partner should work. Advertiser can use exclusivity clause to protect themselves against overexposure.
Answer: Focused cost leadership
Explanation:
Focused cost leadership could be described as targeting your market to a category of people only and not necessarily everyone. Some businesses do have a target market in mind when carrying out their production or sales. Their product isn't for everyone but this particular persons. They could design it from a normal general product but they will make it look perculiar and specific for this targeted market.
Answer: Yes, it's beneficial
Explanation:
Comparative advantage is the ability of a nation to produce goods at a lower opportunity cost when compared to its trading partners. A comparative advantage allows a firm sell its product at a lower price and make more sales.
In comparative advantage, the nation might not necessarily be the best at producing a particular good but it has a low opportunity cost in the production of the good for other nations to import. Comparative advantage leads to specialisation and enhances economic growth.
For example, if France can produce cheap grapes and Italy can produce cheap tomatoes, France should stop producing tomatoes and Italy should stop producing grapes. France should focus on the production of grapes while Italy should focus on tomato production. This will lead to more income for both economies since there is productive efficiency.
