Answer:
Comparative advantage
Explanation:
This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,
This may be due to different reasons.
1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.
2. China is comparatively better in manufacturing industry as of with USA.
When <u>cost of production increase </u> business firms will supply lower quantity of output
<h3>Effect of production cost on prices </h3>
When the cost of production increases, producers will tend to produce a lesser quantity of goods and services and this is cause an increase in demand over supply in the open market.,
An increase in demand without a corresponding increase in supply will cause the supply curve to shift to the left.
Hence we can conclude that When <u>cost of production increase </u> business firms will supply lower quantity of output
Learn more about shift in supply curve : brainly.com/question/23364227
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Answer:
The correct answer is c. Appraisal of the environment and comparison against established criteria.
Explanation:
Performance audit is defined as a systematic, multidisciplinary, independent and objective review of the operation, programs and projects carried out by an organization and focuses mainly on evaluation to determine if its management has performed in terms of economy, efficiency and effectiveness.
The performance audit emphasizes how the different areas of a company have impacted the target market with their actions, considering the relevant results and real progress in achieving the objectives and goals.
Among its main technical tools we can distinguish the matrix of results indicators, which allows to efficiently link the objectives of the company and the results expected to be obtained in each of them, as well as the measurement indexes necessary for its monitoring and evaluation.
Answer:
The maximum Southern Tours could pay to acquire the Holiday Vacations is the present is the value of the inflows to be generated from the target company.
The present of the target business is $519,799.59
Explanation:
That amount is the maximum that should be paid for the target business,depending on negotiation skills of Southern Tours' management.
A lower price could be bargained,which better makes the investment more profitable.
Find attached spreadsheet for detailed computations.
