Olivia's company sponsoring a contest as a way to attract consumers to its new line of athletic shoes is an example of sales promotion.
Sales promotion refers to short-term marketing activities that are designed to stimulate consumer demand and increase sales. Sales promotion activities may include contests, coupons, discounts, samples, or other incentives that encourage customers to try or purchase a product or service.
In Olivia's case, the contest is a sales promotion tactic aimed at increasing awareness and interest in the company's new line of athletic shoes. By offering the chance to win a prize or participate in an engaging activity, the company is hoping to attract customers who may not have otherwise considered purchasing the shoes.
Overall, sales promotion can be an effective tool for increasing short-term sales and generating interest in a product or service. However, it should be used in conjunction with other marketing strategies, such as advertising and public relations, to create a comprehensive and integrated marketing plan.
To know more about sales promotion refer to-
https://brainly.com/question/13975307
#SPJ11
Today, ________ are flourishing due to the increased use of market segmentation and market targeting. A) chain stores B) specialty stores C) superstores D) discount stores E) off-price stores
Today, specialty stores thrive due to the increased use of market segmentation and market targeting.
What does a marketing specialist store entail?Retailers that specialize in marketing specialty stores offer a wide range of goods in specific niches. Furniture stores, flower shops, sporting goods stores, and bookstores are examples of specialty retailers. Retailers (large and tall clothing) such as DXL Big + Tall and The Athlete's Foot (selling only athletic shoes).
Which of the following describes an online transaction between a retailer and a customer?E-commerce, also known as electronic commerce, is the transfer of products or services, funds, and data over electronic networks, most commonly the Internet. These business transactions can be B2B, B2C, C2C, or C2B (business-to-business, consumer-to-consumer, or business-to-business).
To know more about specialty store visit:-
brainly.com/question/7160004
#SPJ4
When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a way to predict which candidate will perform the job well.A) age and gender B) past job performanceC) relevant certificationD) personality traits
(D) Personality traits are often listed in job specifications for sales roles as they can be good indicators of how well an individual will perform in a customer-facing role.
Traits such as assertiveness, empathy, and extroversion are often sought after in sales roles, as they can help an individual to build relationships with customers, close deals, and handle objections effectively.
While past job performance and relevant certifications can also be important factors, personality traits are often given greater emphasis in the selection process for sales roles.
When a sales job is being filled by an untrained individual, the job specifications list will most likely include personality traits as a way to predict which candidate will perform the job well.
Personality traits are often considered important in sales roles because they can help determine a candidate's ability to connect with customers, communicate effectively, and handle potential challenges in the sales process.
Know more about Personality traits here:
https://brainly.com/question/7375078
#SPJ11
Keira is excited that her favorite brand of running gear has released a new hoodie in the company’s trademark color. Keira probably has a strong ________blank with this company.
Keira is thrilled that her preferred brand of athletic apparel has introduced a new sweatshirt in the logo color of the business. Keira most likely has a positive brand association with this business.
An association between your brand and a concept, image, emotion, experience, person, interest, or activity is known as a brand association. Purchase decisions are significantly influenced by this association, which might be immediately favorable or unfavorable.
When a person thinks of a brand, brand associations—such as "soft" for Cottonelle or "athletics" for Nike—come to mind.
The brand association aids in recalling your company's name and distinctive features, such as those that set you apart from your rivals. The brand association offers clients ideas, images, and attitudes that can aid in the brand recall by developing familiarity and strengthening recognized traits.
To learn more about brand associations
https://brainly.com/question/25657116
#SPJ1
Icy Mocha Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year. If the actual hours worked on Jobs 333 and Jobs 334 total 4,980 and actual factory overhead costs are $34,700, what is the amount of either over- or underapplied factory overhead
Answer:
$160 overapplied
Explanation:
Icy Mocha company estimates it's factory overhead costs to be $35,000 and machine hours to be 5,000 for a period of one year.
The actual number of hours worked on job 333 and 334 equals a total of 4,980
The actual factory overhead costs are $34,700
The first step is to calculate the predetermined overhead rate
= Overhead costs/machine hours
= $35,000/5,000
= $7
The amount of either over or underapplied factory costs can be calculated as follows
= predetermined overhead rate×actual number of hours worked
= $7×4,980
= $34,860
The amount is then subtracted from the actual overhead costs
= $34,700-$34860
= -$160
= $160 overapplied
Hence the amount of overapplied factory overhead is $160
Which credit utilization rate would be preferable to a lender on a credit card application?
Your credit utilization ratio should be no higher than 30 percent, and the lower it is, the better for your credit score it will be.
What is the best credit card utilization rate?30 percent Keeping your credit utilization below 30 percent is a good idea, especially if you want to keep your good credit score. This means that if you have $10,000 in credit available, your outstanding balances shouldn't be more than $3,000 at any given time.
Why is credit utilization recommended at 30%?The normal exhortation is to continue to spin obligation beneath 30% of your accessible credit with the goal that your usage rate doesn't hurt your financial assessment. However, experts claim that your FICO score, which is used by the majority of lenders to make decisions, begins to decline well below that point.
To learn more about credit utilization here
https://brainly.com/question/5374399
#SPJ1
100 POINTS PLEASE HELP!!! Designers consider both elements and principles of design when creating advertisement layouts. Research one element of design and one principle of design. Write a 5- to 10-sentence paragraph explaining how each might be used during the creation of an ad.
Answer:
Designers could use size in order to bring the most important aspects such as the message or product to the eye of those viewing the ad. Designers could also use color in order to showcase the most important products vs those apart of a collection. Designers could use harmony to bring the ad together and make it all seem as if it is one piece. Variety could also show that the designers have many different things to offer to the public.
Explanation:
Sorry, I tried my best, idk if this is what you are looking for?
Element of Design: One element of design that is used is value, which helps create shading texture when needed. This can help a substance seem "popped-out", and can be used to catch people's attentions. Design is important also in creating what can be seen by the naked eye, and what is placed on there can draw different people into seeing the product in their own eyes. Appearance can be appealing or even unappealing, in getting people to be interested & even talk about the design. Designers design something that is either aesthetically pleasing, or would catch a person's attention, and hopefully spread the word around. Examples of value can be shading, different shades of the same color, etc.
Principle of Design: One principle of design is harmony, which can make it feel wholesome or pleasing the a person. This is a very good way to draw people (especially a sect commonly known as perfectionists) to buy the product. The opposite can also be said, as the distortion can also draw people to buy the product. As long as the design appeals to potential buyers, it is worthwhile to use.
~
Why is it important to be held accountable for your actions?
3 sentences
Whats the effects of media broadcasting on the event triangle
Media broadcasting has significant effects on the event triangle.
What impact does media broadcasting have on the event triangle?Media broadcasting plays a crucial role in shaping the event triangle, which comprises the interaction between the event itself, the media coverage, and the audience. First, media broadcasting has the power to influence the perception and interpretation of an event by selecting which aspects to highlight or downplay. This can shape public opinion and affect the overall narrative surrounding the event.
Second, media broadcasting can amplify the reach and visibility of an event, making it accessible to a wider audience and increasing its impact. Finally, media broadcasting facilitates the engagement and participation of the audience, allowing them to interact with the event through live coverage, social media discussions, and online platforms.
Learn more about Media broadcasting
brainly.com/question/31115706
#SPJ11
I answered D. It said it was wrong. Show the correct solution for this problem. Which of the following statements concerning resistance is true? A. Resistance is a property of insulators only.
B. Resistance depends on the length and cross-sectional area of a material.
C. Resistance is a property of resistors, but not conductors.
D. The resistance is the same for all samples of the same material.
The correct statement concerning resistance is: D. The resistance is the same for all samples of the same material.
This statement is known as the fundamental property of resistance and is defined by Ohm's Law. According to Ohm's Law, the resistance of a material is constant and does not depend on the size, shape, or amount of the material. It is solely determined by the material's intrinsic properties, such as its resistivity, temperature, and composition. Option B is incorrect because while resistance does depend on the length and cross-sectional area of a material, it is through the relationship known as resistivity, which takes into account the dimensions of the material.
Option A is incorrect because resistance is a property exhibited by both conductors and insulators. While conductors typically have lower resistance than insulators, both types of materials can exhibit resistance to some extent. Option C is incorrect because resistance is not limited to resistors. Resistors are specific electronic components designed to have a specific resistance value, but resistance itself is a property that can be present in various conductive materials.
Learn more about The resistance here:
https://brainly.com/question/12752142
#SPJ11
gaap identifies three levels of influence/control. which level of influence/control would a company likely use if it was investing in a company that gave it 15% of the outstanding voting stock?
GAAP is an abbreviation for Generally Accepted Accounting Principles, which are a set of guidelines and principles for financial accounting. GAAP identifies three levels of influence or control in investments in other companies: the control level, the significant influence level, and the no significant influence level.
If a company is investing in a company that has given it 15% of the outstanding voting stock, it would likely be categorized at the significant influence level.Investments are classified as significant if the investor owns at least 20% of the voting shares of the investee. However, if an investor owns between 20% and 50% of the voting shares, it must choose between the cost method and the equity method of accounting for its investment. On the other hand, investments that are less than 20% are classified as no significant influence and accounted for using the cost method. If an investor owns more than 50% of the voting shares, it is classified as having control and accounted for using the consolidation method.
To know more about GAAP visit:
https://brainly.com/question/20599005
#SPJ11
T/F. Mutual funds are the fastest-growing segment of the American financial services industry.
True, Mutual funds are the fastest.
1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
who’s responsible for ensuring that all transactional paperwork is fully executed, delivered, and returned to the brokerage firm?
The responsibility lies with the parties involved in the transaction. responsible for ensuring that all transactional paperwork
Ensuring that all transactional paperwork is fully executed, delivered, and returned to the brokerage firm is a shared responsibility between the parties involved in the transaction. This typically includes the buyer, seller, and their respective agents or attorneys. Each party is responsible for reviewing, signing, and returning any necessary paperwork in a timely manner to complete the transaction. The brokerage firm may play a role in facilitating the exchange of paperwork and ensuring its completeness, but the ultimate responsibility for executing and returning the paperwork lies with the parties involved in the transaction. Failure to properly execute and return all necessary paperwork can result in delays or even the cancellation of the transaction.
Learn more about transaction here:
https://brainly.com/question/24730931
#SPJ4
which of the following are topics for the developers to discuss at the daily scrum as they inspect their progress toward the sprint goal
The topics for developers to discuss at the daily scrum include:
What did I complete since the last scrum?
What will I work on until the next scrum?
During the daily scrum, developers discuss their progress toward the sprint goal. They typically answer three questions:
What did I complete since the last scrum? This allows team members to share their accomplishments and updates on tasks they have finished.
What will I work on until the next scrum? Each developer discusses their plans and tasks they will focus on for the upcoming period.
These topics help the team inspect their progress, identify any blockers or dependencies, and coordinate their efforts to meet the sprint goal.
For more questions like Scrum click the link below:
https://brainly.com/question/31719654
#SPJ11
Developers during a daily Scrum discuss their progress towards the sprint goal, any impediments that might be in their way, and their action plan for the next 24 hours. These discussions help keep the team on track and ensure everyone is working towards the same goal.
Explanation:The daily Scrum is a time when developers discuss what they have previously completed, what they plan on working on next, and any obstacles blocking them from accomplishing their goals.
Possible topics for developers to discuss at the daily Scrum as they inspect their progress toward the sprint goal might include: Developers during a daily Scrum discuss their progress towards the sprint goal, any impediments that might be in their way, and their action plan for the next 24 hours. These discussions help keep the team on track and ensure everyone is working towards the same goal.
Learn more about Daily Scrum here:https://brainly.com/question/31720820
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
Read more on Furman v. Georgia here:
https://brainly.com/question/4286300
The effect of an increase in the money supply on the rate of inflation micro or macro.
The effect of an increase in the money supply on the rate of inflation micro or macro is a macroeconomic issue.
In economics, delivery is the amount of a useful resource that corporations, producers, laborers, providers of monetary belongings, or other economic retailers are willing and able to offer to the marketplace or to a character. deliver may be in produced goods, labour time, uncooked substances, or some other scarce or precious object.
Supply is a fundamental financial idea that describes the full amount of a specific correct or provider that is to be had to consumers. supply can relate to the amount available at a selected price or the amount available throughout a number charges if displayed on a graph.
Supply in economics is defined as the whole quantity of a given service or product a supplier gives to customers at a given duration and a given price degree.
Learn more about supply here:https://brainly.com/question/4803223
#SPJ4
Which answer provides the best definition of a subsistence crop? crops raised to earn a profit for the family food items harvested from the wilderness crops grown to trade for hardware and lumber plants and animals grown to keep a family alive?
Answer:
plants and animals grown to keep a family alive
Explanation:
Subsistence farming happens when farmers grow food crops and rear animals just for the needs of themselves and their families. In this type of agriculture, farm output is targeted to for the survival of the family and is mostly for local requirements and it has little or no surplus. Planting decisions are made principally towards the need of the family. They are strictly for family maintenance
Pretty sure its:
plants and animals grown to keep a family alive
The CFO of Foodie Inc. is continually receiving capital funding requests from its division managers. These requests are seeking funding for positive net present value projects. The CFO continues to deny all funding requests due to the financial situation of the company. Apparently, the company is: Multiple Choice operating at maximum capacity. operating at the accounting break-even point. operating with zero leverage. facing hard rationing. operating at the financial break-even point.
Answer:
facing hard rationing.
Explanation:
Since the CFO continues to deny the request related to the funding because of the financial situation of the company so this represent that the company is facing high rationing that means there is a high demand but the supply is less
So according to the given situation, the last 2nd option is correct
And, the same would be relevant
A bike cost $125 and has a 6% tax. What will your final cost be?
Answer: 132.5
Explanation: 6 Percent can be written as 0.06 as 0.06 is 6% of 1.00. If we take 0.06 and multiply it by 125 you get 7.5. This is the amount owed for tax, now add the tax amount by the bike cost and you get the final amount due, $132.5
Which of the following are automatically withheld from paychecks?
Can someone please help me!
Answer:
The awnser is the Nature of Business
Answer:
nature of business that's
In American Society, which of these is an example of a want?
O food
O shoes
O video games
O utility bills
Answer:
c
Explanation:
video games just didthe test
Marcus and Mary are shareholders of private company trading under the name of Maggie Resources Sdn Bhd, which is a RM2.00 company and they both holds shares in AEON Chemical Sdn Bhd, which is also a RM2.00. They had entered into a contract with Vijay Resources Sdn Bhd for both companies for the supply of packing materials but have failed to make payments to Vijay Resources Sdn Bhd despite the numerous reminders and notices. Vijay Resources have approached you to advise the process of trying to sue Marcus and Mary personally for the losses suffered as a result of the contracts with Maggie Resources Sdn Bhd and AEON Chemical Sdn Bhd. (a) Explain the effects of incorporation of a company [5 marks] (b) What is meant by corporate veil [5 marks] (c) With reference to cases, explain the common law position towards lifting of the corporate veil of both Maggie Resources Sdn Bhd and AEON Chemical Sdn Bhd [15 marks]
(a) Incorporation of a company creates a separate legal entity distinct from its shareholders. This means that the company has its own rights, duties, and liabilities.
(b) The corporate veil is a legal concept that refers to the separation between a company and its shareholders.
(c) The common law position on lifting the corporate veil varies across jurisdictions. Generally, the courts are reluctant to lift the corporate veil and hold shareholders personally liable for a company's obligations.
(a) A firm becomes a different legal entity from its stockholders when it is incorporated. This indicates that the business has independent rights, obligations, and liabilities. Shareholders have limited responsibility, which implies that the company's debts and responsibilities normally do not affect their personal assets.
The business also has perpetual succession, which allows it to survive changes in its shareholders. The act of incorporation also gives the business the authority to possess property, enter into contracts, and bring or defend legal actions in its own name.
(b) A legal term that describes the division between a company and its shareholders is the "corporate veil." It shields stockholders from being held personally accountable for the debts and liabilities of the business. In other words, the shareholders are not liable for the firm's debts, which are the responsibility of the corporation alone. Shareholders might profit from reduced responsibility thanks to this division of legal personalities, which also promotes capital investment in companies.
(c) Different jurisdictions have different views on how to lift the corporation veil under common law. In general, courts are hesitant to pierce the corporate veil and hold stockholders accountable for the company's debts personally. However, there are some circumstances in which the courts may overlook a company's distinct legal identity and pierce the corporate veil.
One such instance is when the business is utilized to commit fraud or just as a front to avoid obligations under the law. The court may hold the shareholders personally accountable if it is determined that a firm is a fraud or the alter ego of its stockholders. In circumstances involving group corporations, when there is a unity of interest and the firms are run as a single entity, the courts may also lift the corporate veil.
To know more about liabilities here https://brainly.com/question/14921529
#SPJ4
top quality investments will pay you $2,000 a year for 25 years in exchange for $19,000 today. what interest rate are you earning on this annuity?
To determine the interest rate earned on the annuity, we can use the present value formula for an ordinary annuity. The formula is: PV = PMT * (1 - (1 + r)^(-n)) / r
Where: PV = Present value (amount paid today) PMT = Payment amount per period ($2,000 per year) r = Interest rate per period (unknown) n = Number of periods (25 years) Given that the present value (PV) is $19,000 and the payment amount per period (PMT) is $2,000, we can plug these values into the formula and solve for the interest rate (r). $19,000 = $2,000 * (1 - (1 + r)^(-25)) / r To find the interest rate, we can solve this equation using trial and error or by using financial calculators or software. The calculated interest rate will be approximately 4.77%. Therefore, the interest rate earned on this annuity is approximately 4.77%.
learn more about:- interest rate here
https://brainly.com/question/28236069
#SPJ11
Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $500,000 next year playing for a European professional football team, or $0 returning to college for another year. The opportunity cost of the student-athlete returning to college next year is $ . (Enter your response as an integer.)
The student-return athlete's to college the following year would cost $900,000 in lost opportunities. A trade-off is a type of compromise when something is given up in exchange for something else.
What connection exists between trade-offs and the choice of scarcity?When demand exceeds supply due to scarce resources, scarcity results. Because of scarcity, society is forced to make compromises—we must give up some things in order to have more of others.
What does the study of people's decisions to achieve their goals in the face of limited resources entail?Economics is the study of the decisions that customers, company owners, and public servants make in order to achieve their goals in the face of resource scarcity. Due of shortage, we are forced to make decisions.
To know more about trade-off visit:-
https://brainly.com/question/10895386
#SPJ4
Which of the following is NOT a recommended method to
protect you from identity theft?
A. Expensive Specialty locking or monitoring service
B. Regularly Monitoring your credit report
C. Contacting lenders and credit bureaus to report inaccurate information
D. Place a credit freeze with the credit bureaus
Answer: Expensive specialty locking or monitoring service.
Explanation: Trust me bro.
The method that is NOT recommended for protecting one from identity theft is A. Expensive Specialty locking or monitoring service.
There are methods that are recommended to protect one from identity theft. They include:
Shredding documents with identity information before disposalInstalling antivirus software in devicesRegularly monitoring credit reportsContacting lenders and credit bureaus with inaccurate reportsPlacing a credit freeze on accounts.Thus, having expensive specialty locking and monitoring service is not a recommended method to protect one from identity theft.
Learn more about identity theft at https://brainly.com/question/14108262
Peter and marcia, both age 34, can each pay $650 a year each on life insurance for themselves. about how much is the face value of the largest combination of policies they can buy? for age 34, a 10-year term for male is 1.45 and for female is 1.24. a 20-year term for male is 1.89 and female is 1.46. a. $1,945,000 b. $972,000 c. $789,000 d. $806,000 please select the best answer from the choices provided a b c d
The face value is $972000. All premiums paid are accustomed cowl the value of insurance protection. The term is also one, five, 10, 20 years, or longer.
With the age of the customer, the insurance premiums additionally rise. The younger. Similarly, the older your age is, the higher the insurance premium. Health Insurance Premium will increase with age because it is believed that with the rising age, possibilities of health issues conjointly rise, which is why consequently, the premium quantity will increase.
Generally, the older someone is, the upper the price of their insurance is. This can be a result of insurance policies area unit designed to pay a benefit once the insured passes away; the additional probably it's that the named insured can die throughout the policy amount, the upper rates are.
To learn more about insurance, visit here
https://brainly.com/question/27822778
#SPJ4
Everyone has a different vision for what they like to do once they retire. List three things you think you'd like to do once you finish working
Answer:
move somewhere near Nevada.
hangout with grandkids.
have fun with my s/oand never get boring.
GIVING 25 POINTS FOR THE CORRECT ANSWERS!!!!
1: The three elements needed in order to make database marketing work are technology, prioritization, and accurate information.
False
True
2:Starting with a clean list is an important step in database marketing
False
True
Answer:
first one is T the second is F
The systematic collection, compilation, and processing of consumer data is known as database marketing. Database marketing, often known as customer relationship management, is a type of direct marketing. Customers' and potential customers' data is gathered and kept in a database by a business. An organization can better understand and market to its customers as a result of the process of gathering this data, perhaps increasing revenue.
Database marketing is a type of marketing technique that can be used by companies like merchants, technology suppliers, insurance providers, and other services. The companies who have a huge client base will benefit the most from this marketing strategy since they will generate more transaction data, which opens up more opportunities to identify potential customers.
In database marketing, marketers will use the information gathered to better understand customers, choose target markets for certain marketing campaigns (through customer segmentation), assess how valuable clients are to the business, and give customers more specialized options. Customers' names, addresses, emails, phone numbers, purchase histories, job titles, website cookies, and even help requests are among the data that may be collected.
Data is first gathered from a variety of sources in database marketing. Tracking is possible for names, addresses, emails, phone numbers, purchase histories, and other information. The information can be gathered through a variety of techniques, such as tracking user cookies, purchase histories, newsletter subscriptions, or anything else that calls for the completion of forms, such entry forms for contests, offers of free samples of goods, product warranty cards, and so forth. Additional client records may be created as a result of leads generated by the marketing and sales teams. Although different nations may have varying rules surrounding what types of data can be bought and sold, prospect data can also be purchased from third parties.
To learn more about database marketing, click here
https://brainly.com/question/13069513
#SPJ2
HURRY I NEED HELP!!!
Does globalization (or global trade) provide an opportunity to the world (positive), or does it take advantage of local individuals and cultures (negative)? Explain in a CREW format.
Interviewer: I am here on a very crowded Wall Street with protesters chanting all around me…
Group of Protesters: People before profits! People before profits! People before profits!
Interviewer: Many of these folks are against the growth of global free trade. They believe free trade is to blame for increases in poverty, income inequality (lots of rich and lots of poor), and environmental damage in recent decades. They claim that the elimination of tariffs and other barriers to trade have simply allowed large, multinational corporations to move into and exploit (take advantage of) developing nations, while hurting many U.S. workers and families, too.
Protester 1 (wearing a “No More Sweatshops” T-shirt): The extreme expansion of capitalism and free trade has allowed large, multinational companies to exploit developing countries, and especially their poorest citizens who are often forced to work for less than $1.00 day. Many of the factories set up by these big companies are sweatshops– dirty, dangerous, and the pay is awful. We are here protesting for a ‘living wage’ for all foreign employees of U.S. corporations.
Union representative: I’m tired of these large, unfeeling corporations sending our good paying manufacturing jobs overseas to some factory where workers make $1.50 an hour, instead of letting Americans have those jobs…That’s what’s happening in the textile industry, the steel industry, and the auto industry, too. These are industries that built America and now our jobs are going to China or Mexico...
Interviewer: The other side of this global debate–you might call them free-trade advocates– argues that opening up markets and international borders to free trade has had all kinds of benefits for developing nations, as well as the United States and other industrialized nations. They cite data showing increased life expectancy, increased literacy (ability to read and write), more political freedom, and a reduction in the proportion of people living on less than $1.00 per day in the developing nations.
Manager: Evidence shows that the number of people living on $1.00 per day or less has decreased by 50% in the last 20 years, which was a period of rapid world economic growth, largely because of international trade. And the percentage of people who are malnourished (Starving) has dropped from 56% in the 1960s to only 10% today. Again, during a period of global economic growth, fueled by trade. Look, our corporation has a factory in Vietnam. Last year our factory there paid 2 times the local wage. That was a big step up for those workers, and it made sense for us, too, because it meant we could get the most productive local workers.
Shopper: Let’s also look at all of the different product choices we have. I can go into the grocery store and find different types of food from all over the world. We are limited in what we can produce and grow here in America, so having global trade gives us so many more options.
C- Claim (Globalization provides an opportunity to people throughout the world [or] Globalization takes advantage of local individuals and cultures around the world.)
R- Reason (It provides the opportunity because… [Or] It takes advantage of others because…)
E- Evidence (insert a quote from the reading to prove your positive or negative side)
W- Warrant (This quote shows how globalization is positive/negative because… We should/shouldn’t continue to trade with other countries of the world because...)
Answer:
In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new.