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Virty [35]
3 years ago
14

One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be

paid to Chinese workers. Moving manufacturing to China to take advantage of lower wages so goods could be produced at a lower cost than if produced in the United States exemplifies which key economic idea?
Business
1 answer:
harina [27]3 years ago
8 0

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.

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Lewis is the manager of the marketing department at his company. Some of his colleagues are also his friends. Lewis often lets h
pshichka [43]

Answer: Justice.

Explanation:

Justice is not being totally applied by Lewis in controlling the marketing department, as he uses different controlling technique for his friends and a harsher control technique for others. For Lewis to be just, he has to apply same controlling techniques for all workers.

3 0
3 years ago
Simon Peters, a senior manager at Celise Export Logistics, goes to France to negotiate a deal with the company's French partners
anyanavicka [17]

In this scenario, dressing formally during business meetings is probably a cultural imperative for the French

Explanation:

Cultural imperatives are traditions that you have to comply with when you want to succeed.

Relationship building is an example of a cultural imperatives .

Business understands the importance of building a relationship in many Asian countries such as China and Japan and Latin America.

Businessmen are not doing company business, they are doing business with people. It is a cultural necessity to spend time developing this relationship in these countries before you start up your business. Always underestimate your business partners ' value in building trust. It makes or breaks an agreement. Among Asian countries, another moral necessity is to make no one lose face. Never raise your voice or publicly threaten anyone. You will struggle in your company if you are ignorant of these cultural imperatives.

8 0
3 years ago
Price elasticity of demand measures Select one: A. how responsive sales are to changes in the price of a related good. B. how re
Setler79 [48]

Answer:

B

Explanation:

Elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to change in the price of the commodity.

It is of 3 types

1. Price elasticity of demand

2. Income elasticity of demand

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6 0
3 years ago
Read 2 more answers
A post-closing trial balance should be prepared
yanalaym [24]

Answer:

<h2>Post-Closing trial balance is usually prepared after the closing entries are posted to the ledger account.Hence,the correct answer is the third option or after closing entries are posted to the ledger accounts.</h2>

Explanation:

In Accounting,the main objective of preparing a post-closing trial balance is to ensure the completion and closure of all the temporary accounts and the equality between all the debit and credit entries have been consistently established once the closing entry has been done.Once the closing entries have been put into journal and finally posted in ledger,a detailed account or list of all the individual accounts along with their respective balances is prepared which is basically known as Post Closing Trial Balance Account.It includes all the unbalanced accounts from the original trial balance or the accounts which are not balanced based on debt and credit entries,at the end of the accounting or reporting year.Therefore,post-trial balance basically ensures that all the accounts entered in the original trial balance are zero balance or the debit and credit entries of all the individual accounts in trial balance are balanced or equal.

7 0
3 years ago
Assume a bond has been owned by four different investors during its 20-year history. Which one of the following is most likely t
finlep [7]
Answer: C hope that helps
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3 years ago
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