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Oksanka [162]
1 year ago
8

incoterms provide clarity on the responsibility for which activity associated with an international shipment?

Business
1 answer:
Makovka662 [10]1 year ago
4 0

Incoterms provide clarity on the responsibility for which activity associated with an international shipment--<u>- Incoterms cover all of these activities.</u>

<h3>What's meant by incoterm?</h3>

Incoterms, extensively- used terms of trade, are a set of 11 internationally honored rules which define the liabilities of merchandisers and buyers. Incoterms specify who's responsible for paying for and managing the payload, insurance, attestation, customs concurrence, and other logistical conditioning.

<h3>What's Incoterms rule?</h3>

The Incoterms rules are a encyclopedically- recognised set of norms, used worldwide in transnational and domestic contracts for the delivery of goods. The rules have been developed and maintained by experts and interpreters brought together by ICC. They've come the standard in transnational business rules setting.

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Which of the following statements is true?
nadezda [96]

Answer:

Correct option is (c)

Explanation:

MIS is the abbreviation for management information system. It helps managers organizing different tasks and departments within the organization.

It is a computer based software that enables retrieving past data, analyse present data and predict future data, thereby simplifying decision making process. As such, it can be said that MIS contributes or enables business success and innovation.

3 0
3 years ago
Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py = 30/2 and MUz/Pz = 45/3. To maximize uti
IrinaVladis [17]

Answer:

Make no change in Y and Z.

Explanation:

It was assumed that consumer purchases the combination of two goods, Y and Z.

\frac{MU_{Y} }{P_{Y}}= \frac{30}{2} = 15

\frac{MU_{Z}}{P_{Z}}=\frac{45}{3}=15

For maximizing the utility of the consumer, the ratio of marginal utilities must be equal to the price ratio of the products.

We can see that the ratio of marginal utilities is equal to the price ratio of the products. Hence, the consumer should not make any changes to the combination of products.

7 0
3 years ago
Does unemployment affect demand?<br>​
Ivahew [28]

Yes it does. Unemployment is when a person isn't currently hired at a work pleace. If people are unemployed they are making no income so less people are in need of products so it lowers the demand.

6 0
3 years ago
which term is defined as the state government granting power, license, or real property to a private individual or individuals u
insens350 [35]

law on property rights is defined as the state government granting power, license, or real property to a private individual or individuals using a land patent

A property's legal ownership and permitted uses are governed by property right law. When it comes to land, it has been noted that theft is common. People who purchase properties often lose them to thieves when they are resold to someone else who is unaware that the property has already been sold to someone else. The property right law was established to stop this circumstance from occurring frequently so that the owner of a plot of land would have the legal right to claim ownership for it and use it for any purpose he desired without fear of it being taken by someone else.

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6 0
1 year ago
In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to
vampirchik [111]

Answer:

Quantity of oil bought & sold would depend upon relative change i.e increase & decrease in demand & supply respectively.

  • ↑Dd = ↓Sy : Qty same
  • ↑Dd > ↓Sy : Qty ↑
  • ↑Dd < ↓Sy : Qty ↓

Explanation:

Libya is an exporter of Oil to China. It implies china's demand for oil is satisfied by Libya's imports.

Usual markets are at equilibrium when market demand = market supply, demand & supply curves intersect.

Political unrest in Libya decreasing oil production, would decrease supply (exported) of oil to China & sift supply curve leftwards. Simultaneously, increase in China demand for oil would shift the demand curve rightwards. These changes in demand, supply would create excess demand. Excess demand would cause competition among buyers & increase the new equilibrium price.

However, <u>Quantity </u>of oil bought & sold would depend upon relative change , shift in demand & supply. If increase in demand is equal to decrease in supply, the quantity would remain<u> same.</u> If increase in demand is more than  decrease in supply, quantity will <u>increase</u>. If increase in demand is less than decrease in supply, the quantity will <u>decrease.</u>

3 0
3 years ago
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