Some policies favor businesses, A firm that decides to expand internationally based on the availability of government subsidies in the host country is pursuing a competitive advantage.
<h3>What is competitive advantage?</h3>
Competitive advantage is factors that allow a company or industry to produce goods and services better, expand or produce more cheaply than its rivals.
A nation's competitiveness in business depends on the capacity of the industry to innovate and upgrade.
Therefore, a firm that decides to expand internationally based on the availability of government subsidies in the host country is pursuing competitive advantage.
Learn more on competitive advantage here,
brainly.com/question/26514848
The answer to the question above is time. As time pass, it will show the effects of the supply and how it will be elastic or inelastic. Time will tell how the changes will happen because it shows the length of the effects will occur and when it will the changes take place. This will help the people evaluate the supply of goods as time takes place.
Answer:
10.23%
Explanation:
Calculation for What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant
First step is to calculate the Net income
.15 = Net income/ 375,000
Net income=.15($375,000)
Net income= $56,250
Now let calculate profit margin using this formula
Profit margin = Net Income/Sales
Let plug in the formula
Profit margin= $56,250/$550,000
Profit margin= 0.1023*100
Profit margin=10.23%
Therefore the profit margin that the firm would need in order to achieve the 15% ROE, holding everything else constant is 10.23%
Answer:
option (c) $875 per year
Explanation:
Given;
Average cost of collision claims for careful drivers = $500 per year
Average cost of collision claims for for poor drivers = $3000 per year
Poor drivers known by the company = 15%
thus,
Careful drivers = (100% - 15%) = 85%
Therefore,
Insurance company's breakeven price for the collision insurance
= (Poor drivers known × Average cost of collision for poor drivers ) +( Careful drivers × Average cost of collision claims for careful drivers)
= 0.15 × $3000 + 0.85 × $500
= $450 + $425
= $875 per year
Hence, the correct answer is option (c) $875 per year
Answer:
1. describe the world accurately
2. predict cause and effect
3. state its assumptions clearly
Explanation:
A good model can be defined as a physical representation of something that is morally good, ideal and perfect.
A good model should;
I. Describe the world accurately: it should be all encompassing in its description of the world at large.
II. Predict cause and effect: it should state why there is a reaction to an action.
III. State its assumptions clearly: it should be concise.
