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Process Focus is an organizational culture that focuses on the processes that create value for customers. In other words, it’s when an organization makes the process their primary focus of importance. Process Focus also means that more attention must be paid to processes, instead of focusing on functions or departments as most organizations do. This creates a demand for people who understand and can implement process thinking in any department… Read More »Which of the following phrases best describes Process Focus?

Everything you read, see and hear today is content. No matter what kind of business you have or what product or service you offer, the focus should be on creating quality content that solves a problem for your target audience. Content marketing is a way to attract followers by giving them something useful and relevant rather than focusing on selling your products and services. You might think that content marketing… Read More »Which of the Following Best Describes Content Marketing

Trade is the exchange of goods and services between people in different countries. When one country sells another country goods and services, we call that international trade. It’s a win-win situation for both parties involved in a trade deal. Both buyers and sellers get something of value from the transaction, which is why it’s become commonplace in today’s economy. International trade has existed since ancient times and continues to grow… Read More »The Primary Gain from International Trade Is

There are some things that countries in the world try to specialize in. For example, a country might focus on producing cars, computers, or pharmaceuticals. Countries often do this because it is a way for them to make more money than they would by simply trading with other countries. A country that specializes in car production will be able to produce more cars than other countries and make more money… Read More »Countries Engaged in International Trade Specialize in Production Based on Market Size

Value-based marketing is a type of marketing in which the price is not the only factor that determines the success of a product. In other words, value-based marketing is when you figure out what your customer values and then offer them a product or service that meets their needs at that particular time. Value-based marketing is a popular approach for businesses because it focuses on satisfying the customer’s needs and… Read More »One of the Goals of Value Based Marketing Is

Digital markets and traditional markets have a lot in common. They both offer the same products, sell to the same consumers, and contribute to economic growth. However, digital markets also have a few extra advantages that traditional markets could use. For starters, digital markets can provide better customer service because they can process information faster than traditional stores. They also have lower costs because there are no physical stores or… Read More »Traditional markets compared to Digital Markets Have More Advantages.