Answer:
Innovation for new products occurs which keeps firms competitively challenged
Explanation:
Free trade can be regarded as a
theoretical policy , that governments use when there is no imposition of
tariffs/taxes, as well as duties on imports as well as exports.
free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively
The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.
The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.
Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.
To learn more about income statement : brainly.com/question/14308954
#SPJ4
It should be noted that when poor performance is attributed to a lack of knowledge, it's important to undergo training.
<h3>What is training?</h3>
Training simply means the act of teaching an individual a particular skill. This is necessary in organizations to achieve the goals.
When poor performance is attributed to a lack of knowledge, team members are most likely to respond by undergoing training. This will give them the required knowledge.
Learn more about training on:
brainly.com/question/26270137
Not guarantee that resources will be allocated efficiently nor that there will be equality.
