Modeled like the 50 states in the U.S., the European Union (EU) is a type of common market in which goods, services, people, and capital can freely flow to their highest-valued use across any member state

Comment on the following statement and evaluate it. "Differentiating a product separates you from your competitors so the market will see you as delivering unique benefits. But you don't want to be too different."

What will be an ideal response?

Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Barney earns $250 for selling scissors and razors to Floyd's Barber Shop

A) J and M B) K and G C) K and M D) J and G