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laila [671]
4 years ago
8

Specialization is important in an economy because it leads to which important economic concept?

Business
1 answer:
rewona [7]4 years ago
7 0

It leads to voluntary exchange.

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Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is? Why? E
hjlf

Answer:

Net profit is more important.

Explanation:

Gross profit is the difference between revenue and costs of goods sold, which means you can have a positive gross profit but still because of other costs not be profitable. Whereas Net profit is the bottom line or profit after all the costs have been deducted from revenue. Net profit is more important because it takes into account all the costs and how much money the company is left with after all its expenditures where as gross profit only measures the difference between cost of goods sold and revenue. A company may have high gross profit because of low cost of goods sold but its interest payments maybe too high because of which it might not be making any net profit, so we cannot conclude much about success and profitability by only looking at gross profit.

5 0
3 years ago
Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. Suppose that a few d
PIT_PIT [208]

Answer:

The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.

Explanation:

All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price  

7 0
4 years ago
Five point code of conduct for visitors to the Kruger national park focussing on responsible tourism behaviour ?
NikAS [45]
The first point is about avoiding littering and cleaning as you go. The second is to keep noise levels to a minimum. The third is to not feed the animals. The fourth is to make sure that bonfires are extinguished when not used. The fifth is to follow instructions provided by guides at all times.
8 0
3 years ago
A __________ establishes a foreign subsidiary by building an entirely new operation in a foreign country.
professor190 [17]
The answer is greenfield venture.

The complete sentence is A greenfield venture establishes a foreign subsidiary by building an entirely new operation on a foerign country.


The term alludes to the fact that the parent company will start the operations from the ground and not by acquiring other companies that are already operating in the foreign country.

7 0
3 years ago
What is the relationship between quality and competitiveness?
Reika [66]

The relationship between them is that to be competitive you need to produce the best Quality

<h3>Quality and competitiveness</h3>

Question Parameters:

  • Quality
  • competitiveness

Generally ,Quality speaks to the originality and all round measure of how good a thing is i comparison to another

While competitiveness is a will or desire to be the best in a group of field

Therefore, the relationship between them is that to be competitive you need to produce Quality

For more information on Measure visit

brainly.com/question/17972372

3 0
3 years ago
Read 2 more answers
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