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Term 4 Mindmap - Coggle Diagram
Term 4 Mindmap
6 concepts
Allocation of Resources-Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic goals. l
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Specialisation and trade-Specialization refers to the tendency of countries to specialize in certain products which they trade for other goods, rather than producing all consumption goods on their own.
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Economic performance-Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy over time
Market segmentation
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At its core, market segmentation is the practice of dividing your target market into approachable groups.
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Global supply chain
Global supply chains are networks that can span across multiple continents and countries for the purpose of sourcing and supplying goods and services.
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