<span>Through specialization, both producers and consumers benefit. On the producer side, specialization allows producers to best use their resources in the most efficient manner possible by playing to their strengths, thus maximizing profit. On the consumer side, the fact that producers are specialized and thus efficient in their production ensures lower production costs than if products were made by less-specialized producers, translating into lower consumer-facing prices.</span>
Answer: Differentiating
Explanation:
Sprout company as described in the question are making use of product differentiation to ensure parents and children consumption needs are met. Product differentiation in marketing occurs when a company distinguishes their products to meet the needs of the different types of consumer groups available in their target market.
It's called a inflamtion, when basict when the economy gets really strong ,we have a hard time keeping up with demand and need to make the economy more weaker to balance things out
Answer:
Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.
The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.
Explanation:
Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.
The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.
The U.S. pharmaceutical companies have major benefits from India because the people from India see others inputs instead of the goals for themselves and America is seen as an individualistic culture and there is lower power distance in America due to the fact that everyone is created equal which is why within America, people often to seek their own personal goals instead of the good of others.
Furthermore America is more concerned about self while India seeks to help the world globally which is why two different counties have to adapt to policies and procedures to respect exporting trade rights and this policy is known as the World Trade Organization.
Answer and Explanation:
1. Interest Revenue $23,000
Sales Revenue $510,000
To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
To Sales returns $20,000
To Sales Discounts $7,000
To Cost Of goods sold $310,000
To Freight out $2,000
To Advertise Exp $15,000
To Interest Exp $19,000
To Salaries & Wages $55,000
To Utility $18,000
To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
To Dividends $30,000
(Being closing of dividend is recorded)
