Answer:
The primary reason for trade is for the economic development of a country.
Explanation:
Trade makes a significant and necessary contribution to the economy and the country's development particularly in underdeveloped countries. The rapid progress of underdeveloped countries in the Industrial field is due to their exports. In most countries, such would represent a significant share of their gross domestic product (GDP).
I believe that Amazon became successful as a business model by in some ways mimicking Sears model. At first Amazon only sold books and once they had mastered that successfully they were able to put many independent book stores out of business and then focused their energies on every other non perishable item that people needed. They took on toys clothing, food items etc. Sears did this by providing items out of their catalog. Amazon does this from their online app. people create their accounts and can search from their phones and have things sent directly to their homes. The advancement of Amazon can be directly related to the demise of shopping malls.
Answer:
B. Brand B, 10 oz. bag for $3.90
Explanation:
The lowest per unit cost of different brands can be calculated using the following formula
Cost per oz=Cost per bag/number of oz in that bag
Brand A Cost per oz=3.60/8=$0.45
Brand B Cost per oz=3.90/10=$0.39
Brand C Cost per oz=6.50/16=$0.406
Brand D Cost per oz=0.59/1=$0.59
So the answer is B. Brand B, 10 oz. bag for $3.90
Answer:
C) The demand curve facing each restaurant owner becomes more elastic.
Explanation:
Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.
Answer:
The correct answer is letter "B": Profit maximization.
Explanation:
Top executives are in charge of decision-making in companies. The path the firm will take depends on them. Their ultimate goal is always to maximize the profits of a firm. For such a thing to happen several accounting and operations analysis is conducted to make adjustments on production or engage in the manufacturing of new goods.
An ethical dilemma arises when <em>profit maximization</em> implies affecting others through pollution or the manufacturing of products that could be somehow risky. Managers in most cases would prefer to cut the costs of production but they must find a balance between generating more revenue and fulfilling the minimum quality requirements so that the goods or the production of them does not put others at risk.
