One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
<h3>What is cost savings?</h3>
Cost savings are benefit that are derived from a production process.
They are generated from actions that reduce the overall spending on production or assets.
This has a positive impact on the company's account.
A new products is likely to run on a low budget compares other products with many competitors.
Therefore, One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.
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Answer:
The correct answer is Increased; decreased.
Explanation:
The future taxable amount is the initial figure on which a specific type of tax is applied to calculate the value of the tax to be paid. The tax base is the “monetary or other magnitude that results from the measurement or valuation of the taxable event” and establishes its estimate according to three methodologies:
- Direct estimation, used in a general way. It is calculated from the data available to the tax payer, for example, through the accounting books.
- Objective estimation, established by law for specific cases. It is not fixed on real data, but rather uses ratios or quantities that allow an average to be made. For example: according to the number of workers.
- Indirect estimate, for cases in which the Tax Agency does not have all the necessary data to establish the tax base.
For a nation's leaders, this production possibilities frontiers model demonstrates what to produce, how to make it, and for which markets. Examine how changes in the economy affect a nation's production possibilities curve using examples from real-world situations.
<h3>What is Production Possibilities Curve?</h3>
A production possibilities curve depicts all the combinations of ways we can create these two items within the constraints we face, including the scarcity of resources.
Some characteristics of Production Possibilities Curve are-
- The main premise is that this curve will move in either direction depending on what influences economic output.
- Any economy's main objective is development, which is achieved by meeting consumer demand for more and more of the products and services being produced.
- We can produce more as long as everything else stays the same, hence the production possibility curve will move to the right or outward as the economy expands.
- Of course, the curves would move to the left if the economy had to contract. The output is growing when the curve moves outward or to the right.
- The output is diminishing when the curve turns inward or to the left.
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Answer:
Electronic marketing is buying and selling items electronically with the use of technology.
