Purchasing diverse types of mass media
True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.
Answer:
The law of one price establishes that the product or service price will remain the same for all the entire world.
Explanation:
The law of one price establishes that the product or service price will remain the same for all the entire world. It is necessary to take into account for this law that the price of the currency needs to be also the same and that the price of the product or service would not be affected by other factors such as additional buyers or sellers in the market.
On the other hand the purchasing power parity refers to the idea of an equilibrium of currencies in exchange rates, it means that the power for purchasing will be represented in the same way in the different countries, and it is important to mention that this theory is base in the law of one price.
The the long run equilibrium is an idea that in theory represents all the equilibrium of prices, quantities, and markets in general; on the other hand, for the short run equilibrium there are some limitations in which the market cannot be explained as properly and fully balanced.
Traditional store-based retailers are placing more emphasis on other channels and evolving into online-based business as well as store-based. As times change within society, businesses have to adapt and change so that they grow with their customer base. Although they can still focus on their store-based business, they usually have a split group of people who also prefer to shop within other channels.
<span>Toyota employs a vertical structure within its business, meaning that it heavily relies on a management driven way of self-running. Managers are highly in control of the flow of business and production. Toyota also employs a system called 'TPS' in which employees have the power to veto a product if there is a defect or reason to believe there will be a defect. This is perhaps the most important element of Toyota's organizational structure.</span>
