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2 years ago

Why does competition among traders affect how much of the gains from trade are given to the countries involved in the trade?

Business

1 answer:

erma4kov [3.2K]2 years ago

5 0

Answer:

As competition increases, traders must offer certain advantage to their clients, e.g. lower prices, credit sales, longer payment terms, etc., which end up benefiting their clients, and also traders will be willing to relinquish some of their gains to keep existing clients.

This is exactly the same thing that occurs in a given market when the number of suppliers increases, decreasing the equilibrium price and increasing consumer surplus.

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RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on

-BARSIC- [3]

Answer:

$ 13.17

Explanation:

Data provided :

Material cost in the beginning = $ 126,000

Additional material cost = $ 32,000

thus,

the total material cost = $ 126,000 + $ 32,000 = $ 158,000

Units in the work in progress = 12,000 units

Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)

on substituting the values in the above relation, we get

he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )

= $ 13.1667 ≈ $ 13.17

6 0

2 years ago

stimulating demand. creating awareness. identifying prospects. combating competitive promotional efforts. retaining loyal custom

KonstantinChe [14]

competitive promotional efforts. retaining loyal customers.

<h3>What is promotional efforts?</h3>

Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.

The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.

Promotional materials, events, or ideas are intended to increase product or service sales.

The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.

To know more about promotional efforts follow the link:

brainly.com/question/28113237

#SPJ4

6 0

1 year ago

During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo

Daniel [21]

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars Amount ($)

Sales (January & February)

- Wizard Inc $50

- Spyder Corp $50

Less: Discount allowed to Wizard Inc <u>$1 </u> ($50 * 2%)

Net Sales $99

Less: Cost of goods sold (60.6+50.14) <u>$110.74</u>

Gross Loss <u>$11.74</u>

8 0

2 years ago

Delta Company purchased an equipment by signing a note with the bank for $20,000. Which of the following statements correctly sh

olya-2409 [2.1K]

Answer:

(B) Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

Explanation:

Signing a note of $20,000 with a bank to purchase an equipment will have the following double entry in the books of the borrower.

Debit Equipment (asset) account $20,000 (an increase in assets)

Credit Bank Notes (liability) account $20,000 (an increase in liabilities).

8 0

2 years ago

Please please.pleas help me

Scilla [17]

Answer: in pic
explanation: found here https://environmental-conscience.com/being-a-consultant-pros-cons/

8 0

2 years ago