Question

You have learned about marketing. Now, you'll apply what you learned. 1. Visit a Web site for a company that sells products online. Then go to that company's corporate Web site. Compare the company's product sales site with its corporate site. Describe at least 3 differences between them. 2. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there. 3. Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you think this system is best for consumers.

Answer 1

1.The website of the company I visited was Amazon. Its corporate site and the product sales site have some differences.

the corporate website describes the company and its purpose, while the product sales site describes the products you can get . The corporate website describes the corporate social responsibility while the product sales site does not. Thirdly, the corporate website gives information about the investor relations while the product sale doesn’t.

2

I. Ease of doing business: If I am a business owner, i want to be sure that the ease of doing business is healthy and that the government does not place a huge tax demand on foreign investors

II. Employability rate: If I am a professional/Expatriate. I need to be sure that there companies that i can work with that will help my career. Are there global organizations that will open me up to a new window of learning

iii. Absence of war: Is there political rest. I need to be sure that there is no war or chaos between one political class or tribe which can cut ones life short

iv Currency Strength: What is the currency rate. is it strong or weak. Does it have value or not?

4.

i.Traditional Economic system : has to do with land and geographical location. it is related to rural settlements, second and third world economy.

ii Command Economic System: The characteristics of a command economy is that a large part of the economic system is controlled by a centralized power; mostly, a federal government. This kind of economy tends to develop when a country finds itself in possession of a very large amount of valuable resource(s) like money, natural resources like oil and gas, minerals etc.

iii.Market Economic System: A market is a p-lace where buyers and sellers meet for the transactions of goods and services. This is a free market where governments do not have control .Its in the hands of organizations

iv.Mixed economic systems; this is a dual economy .it is the combinations of all other economic systems. traditional, command, and markets

In my opinion, the mixed economic system is the best for consumers because the organizations who are controlling the free market can in one hand be regulated by the Governments so that the citizens won't be cheated .

Governments are not good custodian of organizations. Skilled individuals can be at the fore fronts to scale up the economy of a nation

Step-by-step explanation:

1.The website of the company I visited was Amazon. Its corporate site and the product sales site have a lot of differences.

the corporate website describes the company and its purpose, while the product sales site describes the products you can get . The corporate website describes the corporate social responsibility while the product sales site does not. Thirdly, the corporate website gives information about the investor relations while the product sale doesn’t.

2

I. Ease of doing business: If I am a business owner, i want to be sure that the ease of doing business is healthy and that the government does not place a huge tax demand on foreign investors

II. Employability rate: If I am a professional/Expatriate. I need to be sure that there are companies that i can work with that will help in the furtherance of my career goals. Are there global organizations that will open me up to a new window of learning ?

iii. Absence of war: Is there political rest. I need to be sure that there is no war or chaos between one political class or tribe which may cut one's life short.

iv Currency Strength: What is the currency rate. is it strong or weak. does it have value or not.

4.

i.Traditional Economic system : has to do with land and geographical location. it is related to rural settlements, second and third world economy.

ii Command Economic System: The characteristics of a command economy is that a large part of the economic system is controlled by a centralized power; mostly, a federal government. This kind of economy tends to develop when a country finds itself in possession of a very large amount of valuable resource(s) like money, natural resources like oil and gas, minerals etc.

iii.Market Economic System: A market is a p-lace where buyers and sellers meet for the transactions of goods and services. This is a free market where governments do not have control .Its in the hands of organizations

iv.Mixed economic systems; this is a dual economy .it is the combinations of all other economic systems. traditional, command, and markets

In my opinion, the mixed economic system is the best for consumers because the organizations who are controlling the free market can in one hand be regulated by the Governments so that the citizens won't be cheated .

Governments are not good custodian of organizations. Skilled individuals can be at the fore fronts to scale up the economy of a nation