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ella [17]
3 years ago
10

When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in pr

oducing that product.a. relative advantageb. absolute advantagec. economy of scaled. production efficiency
Business
1 answer:
Naya [18.7K]3 years ago
8 0

Answer:

absolute advantage

Explanation:

An absolute advantage is the ability of a company, country, business, or individual to produce similar quantities of goods or services using fewer inputs. A producer with an absolute advantage can manufacture a product using a lower cost, or more efficiently than competitors. It means they can avail the product to the market at a lower price than any other company or country.

Absolute advantage is the basis for international or regional trade.  A firm or a country will specialize in producing products they can manufacture at a lower price and export them. Processing at a lower cost or efficiently gives a firm or country a big advantage in the market. Businesses prosper because they maximum in areas they have an absolute advantage.

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Explanation:

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In this case, a sale is a promotion.

A Sales promotion has the objective of persuading a potential customer to buy the product. Is a short-term tactic to boost sales.

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4 years ago
Why storage forms a key aspect in fruit farming ?​
azamat

Answer:

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3 years ago
Discuss 5 sources of government revenue in the economy ​
Marina86 [1]
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7 0
2 years ago
Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
atroni [7]

Answer:

D. have separate cost allocation rates for each activity identified by the company CORRECT

There will be activity cost pool which, will be distribute among the product using different cost driver like machien hours, direct labor hours or other.

Explanation:

A. have the same cost allocation system as plantwide and departmental cost allocation systems

NO If it was, then it would not have a different name

B. have no cost allocation rates for each activity identified by the company

If we don't have rates to distrubte cost then, the allocation will be arbitrary

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4 years ago
The term ________ refers to a limited-capacity store that not only retains information over the short term (maintenance), but al
notka56 [123]

Answer:

Short term memory or working memory

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Read 2 more answers
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