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Bess [88]
3 years ago
8

1960 the per capita GDP of Hong Kong was substantially less than that of Argentina and Venezuela. By 2005, the per capita income

of Hong Kong was more than three times the figures for Venezuela and Argentina. This dramatic change occurred because Group of answer choices
Business
1 answer:
GenaCL600 [577]3 years ago
8 0

Answer:

Hong Kong's economy was able to sustainably grow at very high rates during a long period of time. This means that Hong Kong's GDP per capita will constantly grow, so even if it started at a very low level it eventually grow to much higher levels.

Meanwhile, in Argentina and Venezuela, the economic growth rate was very small, sometimes even negative. Their GDP per capita may have been much higher than Hong Kong's 50 years ago, but since it stagnated for so long, it didn't grow that much.

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The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
adelina 88 [10]

Answer:

In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is perceived as planned and secures its objectives.

8 0
3 years ago
If a consumer feels that the amount paid by the e&o company is insufficient and the licensee has no money, the consumer coul
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Truth in lending "trigger terms"MUST disclose amount or % of down payment and terms of repayment and APR spelled out

8 0
3 years ago
A produce distributor uses 783 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann
jeyben [28]

Answer:

Annual Savings will be ;

Ordering Cost = $2,993.88

Holding Cost = $661.78

Explanation:

First Calculate the Economic Order Quantity (EOQ)

EOQ = √ 2 × Annual Demand × Ordering Cost per Order / Holding Cost per unit

        = √ ((2 × 783× 12 × $31) / ($11 × 32%))

        = 407

Note : Currently the firm orders at 783 crates per month

Savings in Ordering Cost will be :

Savings = Ordering Cost at Current Quantity - Ordering Cost at EOQ

             = (Total Demand / Current Quantity × Ordering Costs) - (Total Demand / Current Quantity × Ordering Costs)

             = (9396/783 × $31) - (9396/407 × $31)

             = $2,993.88

Savings in Holding Cost will be :

Savings = (Current Quantity - Economic Order Quantity) / 2 × Holding Cost per unit

             = (783 - 407) / 2 × ($11 × 32%)

             = $661.78

4 0
3 years ago
2. An improvement in technology used by producers of a certain good will result in:
Goshia [24]

Answer:

d. An increase in the supply of the good.

Explanation:

Under normal circumstances, when production of certain goods that used to be manual is now automated or there is enhancement of technology then, supply for such good will definitely increase.

It means that there will be faster rate of production due to the technological improvement unlike when production is being done with obsolete equipment or done manually.

When there is enhancement of technology use to produce certain goods, it will bring about decrease in cost of production for producers and an increase in supply of such goods.

8 0
3 years ago
true or false: unlike large organizations, very small businesses rarely benefit from preparing formal written plans for their fu
Serjik [45]

This statement is false. unlike large organizations, very small businesses rarely benefit from preparing formal written plans for their future operations.

Small organizations are corporations, partnerships, or sole proprietorships which have fewer employees and/or much fewer annual sales than an ordinary-sized enterprise or company. groups are defined as "small" in terms of being able to apply for government aid and qualify for preferential tax coverage varies depending on the u. s. a . and enterprise. Small corporations vary from fifteen personnel under the Australian fair Paint Act 2009, fifty employees in line with the definition used by the European Union, and fewer than 5 hundred employees to qualify for plenty of U.S. Small business management packages. at the same time small businesses also can be categorized consistent with other techniques, together with annual revenues, shipments, sales, property, or by means of annual gross or net sales or net profits, the quantity of personnel is one of the maxima broadly used measures.

some small organizations, consisting of a home accounting enterprise, may additionally most effectively require a business license. on the other hand, different small groups, consisting of daycares, retirement houses, and restaurants serving liquor are extra heavily regulated and can require inspection and certification from various government authorities.

To learn more about  small businesses visit here:

brainly.com/question/13424073

#SPJ4

8 0
1 year ago
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