Answer:
- <u><em>d. a reduction in output and employment in domestic industries that utilize steel as a resource</em></u>
Explanation:
The first impact of a <em>quota that limits the importation of steel into the United States </em>is that the domestic market will experience a decrease on the number of suppliers.
As a consequence, the domestic manufacturers will have less competition and they will be able to increase the prices of the steel in the domestic market, instead of struggling to decrease the costs, or improve the quality, or increase the productivity, or enhance the service.
Thus, the domestic indutries that utilize the steel will face an increase on the prices of their main raw material, becoming less competitive. Then, <em>most likely</em>, their price should increase and their sales and production should decrease; thus, <em>they will face a reduction in output and employment.</em>
Answer:
competitive advantage.
Explanation:
Competitive advantage -
It refers to the strategy , by which a company is capable to generate the same or similar goods and services , in avery lower price or in a manner , which can not be copied by anyone , is referred to as a competitive advantage .
The strategy makes the company profitable and better than other companies , and have a upper hand over other companies .
And these companies give a tough competition to the other companies , by their goods and services .
Hence , from the given scenario of the question ,
The correct term is competitive advantage .
Answer:
The correct answer is letter "B": 10 years
.
Explanation:
The standard repayment method of student loans is the most commonly used among college borrowers because most of them do not choose one repayment plan at the moment of selecting the loan. The standard repayment term is defaulted by the creditor in 120 months or 10 years.
Answer:
(d) Walt demands 12 boxes of strawberries.
Explanation:
For every 3 box of strawberries, Walt consumes 2 box of cream
=> For every 1 box of strawberry, he will consumer 2/3 box of cream
Suppose, he consumes X boxes of strawberries, then he must consume (2/3)*X boxes of cream
Cost = 10*X + 10*(2/3)*X = 200 = Income
=> 10X + 20X/3 = 200
=. 30X + 20X = 600
=> 50X = 600
=> X = 12
Answer:
firms compete on multiple dimensions like price, quantity, and product attributes.
Explanation:
Price, product and place are common factors used by firms to establish a competitive advantage over other strategic groups within the same industry. These factors enable a firm to establish a long term projection plan for their products and services in a competitive environment.
