Lower taxes, import export tariffs, laws of international business, exemption for shipping from different countries, labor cost differences, financial regulations.
Explanation:
Businesses use many loopholes and rule relaxations to drive up their profits. Lower taxes allow for more investors to find interest and lower import export tariffs make a place a good market.
<u>If the labor is cheap in a different countries the companies ship their product to their and make all the preliminaries for cheap then assemble in the parent country to get a certification.</u>
Companies also use international law loopholes to evade taxes and work around tariffs imposed.
ISO stands for International Organization for Standardization known for setting the benchmark of standards in industrial, commercial and propriety. International Classification for Standards (ICS) on the other hand, is focused more on technicalities in every activity of the people.
Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.
Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.
So it becomes.
When a business association holds itself out to others as being a corporation when it has made no attempt to INCORPORATE.
The firm normally will be ESTOPPED from denying corporate status. When this occurs, courts will treat the entity as a corporation, but only for the purposes of resolving a SINGLE dispute.
Answer:
The correct answer is letter "C": the effect of the decrease in price on total revenue dominates the effect of the increase in quantity demanded on total revenue; overall total revenue declines.
Explanation:
Goods or services have inelastic demand when changes in prices do not affect their quantity demanded. If prices decrease or increase, the quantity demanded will remain at the same level or the change will be so minimal that it is not perceived. It is said then that <em>the decrease in price dominates the effect of the changes in quantity demanded.
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However, <em>if prices decrease and the quantity demanded remains the same, the company's overall revenue will decrease.</em>
Answer: B. It may help a firm achieve experience curve and location economies
Explanation: Exporting is defined as the act of conveying or sending commodities abroad or to another country, in the course of commerce. Exporting provides a distinct advantage to firms in that it helps them achieve experience curve (which posits that the more experience a business has in the production of product, the lower its costs in producing the product) and location economies (the production of a good or product under the most optimum settings that confers an added advantage in cost of productions over their competitors).
