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2 years ago

How would the Supply of cars change, given an increase in the price of steel.

Business

1 answer:

lana [24]2 years ago

5 0

Answer:

car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts

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Anna35 [415]

Answer:

Foreign trade

Explanation:

Often times a major determiner of the value of countries currency is the amount of their exports.

Thomas therefore as a financial advisor should advise the government to build more on production of locally available materials that are highly demanded internationally for exports, by so doing he could improve the country's currency.

5 0

3 years ago

Read 2 more answers

Government's role is to create and enforce laws that:

vazorg [7]

Answer:

Balance the relationship between business and society.

Explanation:

Government regulates both society and business.

The government regulates businesses to ensure that the activities of businesses are in the best interest of the society. This is why they regulate monopolies, tax companies that create negative externalities and subsidise the activities of companies that provide positive externality.

Government also has to look out for businesses by ensuring that the amenities and facilities needed for smooth running of business activities are in place. This is why a government may regulate import activities through quotas or tariffs.

I hope my answer helps you.

5 0

3 years ago

The economy, as a system, represents the

telo118 [61]

The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.

4 0

3 years ago

What are some risks and how do you plan to reduce or eliminate them when having a business

lara [203]

Explanation:

1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.

6 0

4 years ago

How can a company limit bad debts?

xxTIMURxx [149]

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How can a company limit bad debts?

<h2>• Answer •</h2>

Filter your customers. Not all customers are good for your business.
Require up-front payments.
Set reasonable credit limits.
Provide clear payment terms and penalties.
lmprove your accounting.Implement strict collection procedures.
Use cloud-based software for debt collection.

8 0

3 years ago

Read 2 more answers