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m_a_m_a [10]
3 years ago
8

In the late 1970s, LarceCo, a tea manufacturing company, entered the market of a developing country called Fantesnia. As there w

as a lack of hard currency in Fantesnia, LarceCo was involved in a barter system. It exchanged its tea-based products for the local vodka of Fantesnia. This scenario illustrates that LarceCo had engaged in _____.
Business
1 answer:
Softa [21]3 years ago
4 0

Answer: Counter trade

Explanation: In simple words, counter trade or bilateral trade refers to the situation when two entities exchange goods or services with one another without using any money. This kinds of trade does not use money but can be valued in monetary terms.

In the given case, Large co were trading their product for the product of other company. Both the products have their own market value.

Hence from the above we can conclude that they were engaged in counter trade.

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Which of these types of products usually involves the customer
kiruha [24]

Answer:

Shopping products

Explanation:

Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.

8 0
3 years ago
Lake Corporation reported the following amounts in its income statement: Sales revenue $ 440,000 Advertising expense 60,000 Inte
goldenfox [79]

Answer:

Lake's operating income is $120000

Explanation:

Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.

The formula for operating income = Sales - Cost of Sales - operating expenses.

The operating expenses here, are = Advertising + Salaries + Utilities

Thus, operating expenses = 60000 + 55000 + 25000 = $140000

The Operating Income = 440000 - 180000 - 140000 = $120000

3 0
3 years ago
Read 2 more answers
What is an opportunity cost
xxMikexx [17]

Answer:

B

Explanation:

Opportunity cost is the valje of the next best alternative forgone when a choice is made.

7 0
2 years ago
Potatoes and wheat output (tons per day)
Alchen [17]

Answer:

c. potatoes

Explanation:

The computation is shown below:

Opportunity cost of producing 1 tons of wheat is  

for US = 4 ÷ 3 = 1.33 tons of potatoes

for Ireland = 2 ÷ 1 = 2 tons of potatoes

As the opportunity cost is higher in united states of potatoes so here the united stated should be comparative advantage in generating potatoes  

3 0
3 years ago
How did you decide which candidates to give the most money to? What criteria should be most important when parties are deciding
Bogdan [553]

Even in a wave of elections, the candidates with the highest odds of winning are Earn more funds.

Candidates are contributing to a campaign when they use personal funds for campaign purposes. Unlike other posts, there are no restrictions on these candidate posts. However, it should be reported.

To become a presidential candidate, a candidate normally must win a majority of the delegates. This is usually done through party primaries and factions. It is then approved by a vote of delegates in parliament.

Campaigns are managed by a Campaign Manager responsible for overall strategy and staff to handle media, fundraising, advertising, polls and campaign materials.

Learn more about candidates at

brainly.com/question/4311312

#SPJ4

8 0
2 years ago
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