What should be the basic goal of a firm when it sets a level of output?

When the demand for smartphones increased in Preteresia, a country in Eastern Europe, the smartphone manufacturers started impor

Elan Coil [88]

Based on the actions of Preteresia , we can infer that this scenario best describes Global Convergence.

<h3>What is Global Convergence?</h3>

It refers to the current trend of various dimensions of the human life being integrated across nations.
Describes the integration of dimensions such as business, culture, the economy, and political policy across nations.

Preteresia in helping Abresia build those facilities, is engaging in global convergence because the industries in both countries are being integrated to allow for more efficient smartphone manufacturing.

In conclusion, this is global convergence.

Find out more on the effects of global convergence at brainly.com/question/18077255.

7 0

2 years ago

To the extent that other firms may have competitive advantages in business activities that a firm is considering to enter throug

Katyanochek1 [597]

Advantage, vertical integration is like controlling all your distributors for your business and all your company’s who make your product.

8 0

3 years ago

Read 2 more answers

Presented below are incomplete manufacturing cost data.

Usimov [2.4K]

Answer and Explanation:

The computation of the missing amount is as follows

As we know that

Total manufacturing costs is

= Direct materials cost + Direct labor cost + Factory overhead cost

And,

Cost of goods manufactured is

= Total manufacturing costs + Beginning work in process - ending work in process

Based on this, the calculation is as follows

 Direct materials Direct labor Factory Total

 overhead manufacturing costs 

1. $44,000 $62,200 $51,100 $157,300

2. $78,500 $77,500 $144,000 $300,000

3. $58,600 $138,400 $114,000 $311,000

Now

Total Manufacturing Costs Beg. Work End. Work Cost of Goods

in Process in Process Manufactured

1. $157,300 $122,000 $85,200 $194,100

2. $300,000 $123,400 $99,800 $323,600

3. $311,000 $465,000 $57,000 $719,000

4 0

3 years ago

if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?

valkas [14]

It is 5% for rate Unemployment

4 0

2 years ago

After initially self-publishing his debut novel, The Martian, author Andy Weir continued to revise and improve later versions of

Anna35 [415]

Answer:

The correct answer is letter "A": Guide product development with customer feedback.

Explanation:

Companies make market researches before starting the manufacturing of a product. However, even if a study has been conducted to have a clear idea of what consumers want, the initial product offered may not meet customers' needs for different reasons.

In such a case, companies should take advantage of the feedback clients can provide about the product so those suggestions can be considered into the production process which will result in an output that matches better consumers' expectations.

8 0

3 years ago