Answer:
less of the good because substitutes have become relatively more expensive
Answer:
c. absolute advantage over Kilim.
Explanation:
Ithilium, a European country, is able to produce more electronics than Kilim, a North American country, even though both countries use the same amount of resources. Given this information, it can be deduced that Ithilium has absolute advantage over Kilim.
Comparative advantage refers to when a company produces the same number of outputs with <u>lower opportunity costs </u>while absolute advantage is when a country <u>produces more outputs from less resources</u>.
In the scenario, we are not given opportunity costs and we are not looking at the costs of producing a unit of output but rather how much output a country can get from a given level of resources which is in line with the concept of Absolute Advantage.
.
STEP-4 that is Analyzing Competitors Costs , Price and Offers is the most appropriate stage.
Explanation:
As Kara Trace would initially set up its own :-
1. Pricing Objective
2.Understanding the Demand
3.Estimating the costs
In the next step would be to understand the competitors cost and profit margins. Also to understand the pricing strategy that can be
1. Premium Pricing
2. Penetrating Pricing
3. Skimming Pricing
4. Dynamic Pricing
5. Value Based Pricing
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Answer: beg book value +the salvage value) / 2.
(the sum of annual average book values) ÷ asset’s life
(beg book value +the end book value) ÷ 2.
Explanation:
Depreciation is simply when an asset begin to wear and tear and thereby its value is reduced.Straight line depreciation is calculated when the difference between the cost of an asset and the expected salvage value is divided by the number of years it is projected to be used.
Using this method, the annual average investment can be calculated as:
• beg book value +the salvage value) / 2.
• (the sum of annual average book values) ÷ asset’s life
• (beg book value +the end book value) ÷ 2.
