Cultural universals (elements of a culture that exist in every society such as food, religion, language, etc.) exist because all cultures have basic needs and they all develop common features to ensure their needs are met. Ethnocentrism is seeing your culture as superior to others.
Answer:
high savings rate
Explanation:
High savings rate is not a goal of federal economic policy. The goal of federal economic policy is to achieve full employment, economic growth and stable prices.
However 'high savings rate' is achieved when interest rates are increased in order to fight inflation and achieve 'stable prices' because people keep their money in the banks to take advantage of the benefit of earning interest BUT this is not always the case because 'higher interest rates' works against full employment by making it too costly for firms to borrow for investments which will definitely create jobs.
The statement,"A disadvantage of vertical integration is that by pooling demand for parts from a number of companies, a supplier may be able to enjoy economies of scale that result in higher quality and lower cost than if every company makes its own parts" is True
.
<u>Explanation:
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The drawback to vertical integration is that a producer can have economies of scale, and incorporate demand for components from certain companies and therefore improve quality and cost in contrast with the production of their own products by each company.
Market power is a framework in which an organization manages the microeconomics and administration supply chain. In general, a supply chain leader creates another goods or services and the products satisfy a certain criteria.
A retailer such as Wal-Mart, which has its own products, is an example of vertical integration. This owns the inventory, manages the distribution and is the seller. Because it splits the guy in between, the company will deliver a much lower price, such as the brand name drug.
Answer:
These steps can help you when building an emergency fund in college:
Set a goal for how much you need.
Consider your total monthly income and expenses.
Determine what expenses are necessary.
Decide how much you're going to save every month.
Consider how you're going to get what you need.
Explanation:
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