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s344n2d4d5 [400]
3 years ago
14

How can specialization benefit an economy?

Business
1 answer:
RSB [31]3 years ago
7 0
The correct answer to this question is letter "b. it makes production more efficient." Specialization benefit an economy is that <span>it makes production more efficient. In this way, specialization will help the company to focus on a specific product and make the production to be efficient. </span>
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For the year ended December 31, a company has revenues of $332,000 and expenses of $203,500. The company paid $56,000 in dividen
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Oh my chocolate milkshake so many IT can color Pepsi turn around there’s a grand kick your out of a
3 0
3 years ago
One of the most important in-store factors is the salesperson. This influence can be understood in terms of ________ theory, whi
amm1812

Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.

<h3>What does exchange theory actually mean?</h3>

According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.

<h3>What are the basic tenets of the exchange theory?</h3>

The basic tenet of the theory of social trade is the concept of costs and benefits. This suggests that people's decisions and behaviors are influenced by their estimations of cost and reward. Costs are the unfavorable outcomes of a decision, including time, money, and energy. Social interactions produce benefits, which are rewards.

Learn more about exchange theory: brainly.com/question/29611150

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6 0
1 year ago
Elemental Pharma Inc. recently acquired Crick Pharmaceuticals Inc. It now sells its own productsalong with the products original
UNO [17]

Answer:

Option A. It will lower its costs through economies of scale.

Explanation:

The reason is that the sales of both of the companies will increase and cost can be controlled by integration of departments like finance department, distribution department, etc. This will decrease the cost of the product which will be because of higher sales and cost benefits due to integration of department and this higher sales increases the production which reduces the cost. So the option A is correct.

4 0
3 years ago
Nonprice rationing devices are required:a. because the price system does not allocate resources efficiently.b. when there are pr
o-na [289]

Answer:

d. to allocate goods when there is a price ceiling.

Explanation:

Non price rationing or queuing is a measure used when there is a price ceiling, queuing is used to arrange people on a first come first serve basis.

Rationing is done on the non monetary cost of waiting in line.

Waiting time eventually balances buyer equillibrum. When customer's are waiting on queues for too long some of them loose interest and leave, this restoring balance between what is available and number of people waiting to buy.

5 0
3 years ago
Two categories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses an
expeople1 [14]

Answer:

Two categories of expenses in merchandising companies are c. cost of goods sold and operating expenses

Explanation:

Merchandising Companies will incur direct expenses related to their trading activities in relation to each of their sales and these are known as cost of goods sold. Cost of Goods Sold is an expense in the Trading Account.

However, the Merchandising Company will also incur other indirect expenses to maintain its trading and are not directly related to each sale of their merchandise. For example the cost of Administration Work and Depreciation of its equipment. These  are known as Operating Expenses. Operating Expenses are expenses in the Profit and loss Account

4 0
4 years ago
Read 2 more answers
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