In accordance with the principles of building the balance of payments, it is always balanced, which reflects the standard presentation of the balance of payments. The concept of a positive or negative balance applies only to its individual parts. It should be noted that the balance of payments alone cannot have an unambiguous interpretation in […]
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Differentiation strategies
In situations where consumer requests and preferences due to their diversity cannot be satisfied with standard products or the previous composition of sellers, differentiation strategies are applied. For successful differentiation, the company must study the requests, behavior, preferences of customers and their idea of the consumer value of the goods. After that, the company adds […]