the answer to this question would have to be all of the above.
Answer:
which of the following is most likely considered to be the most important factor for Belgiom, Korea and Canada to take full advantage of specialization?
b. international trade
Explanation:
In general, an economy can be defined as a set of activities that lead to the production and consumption of goods and services that utilize limited resources. An economic system serves to meet the needs of the individual operating in that economy, whether it is production or consumption needs. There are many factors that determine how big or small an economy is, the factors include; culture, laws, history, population, geographical location and other factors that cause necessity. A big economy can be defined as an economy where the amount of economic activities including the production and consumption of goods is at a high level as compared to other economies. On the contrary, a small economy is one whose production, consumption and trading activities is at a relatively low level. We will consider small economies.
Small national economies are countries whose production and consumption levels on a national scale are relatively small. Examples of such countries include; Belgium, Korea and Canada. Since the necessity for production or consumption is not that big, the best factor for specialization is international trade. Small economies can boost their growth by specializing on international trade to increase their market shares in other countries.
Answer:
An asset exchange transaction which increases the cost of the purchased merchandise.
The firm gives the transportation company money (which is an asset) and since the transportation costs are included in the cost of the merchandise, the firm is paying a fraction of the cost of the asset.
When you are calculating the purchase cost of goods you must include the price of the goods, transportation costs, and any other associated expense like insurance costs and import fees, etc.
Transportation costs are only included in the COGS when the firm acquires the goods, but when the firm sells the goods, any distribution cost is not included under production costs, instead they are included under the sales costs.
Organizations with adhocracy cultures are described as
externally focused and valuing flexibility. Adhocracy is a corporate culture that shows
ability to adapt to change which shows how flexible an organization is. It is
also functions well in small group of organizations which focuses on innovations
of the company. Adhocracy shows the following characteristics of having low
procedure standards, work organization is only in specialized teams, and job
roles are not specified to make them flexible and work to any task that can be
assigned to them.
