Answer:
C, a company makes a new line of kitchen appliances
Explanation:
Just did it
Implications led to more sales of the products, they are being sold for less money per product, which might potentially result in shorter-term profits.
<h3>
What is the meaning of price wars ?</h3>
A price war is a conflict between rival businesses that lower the prices of their goods in an effort to strategically undercut one another and get a larger market share. A price war may be implemented as a longer-term strategy or as a short-term tactic to boost sales.
In a Price Conflict Five Techniques That Might Work:
- To understand why you are engaged in this price war, do some study.
- Without reducing the price, add value to the good or service.
- If you can't further reduce your rates in the price war, advertise.
- Find a different strategy to differentiate out from the competition than price.
- Think about your brand.
Learn more about the price war:
brainly.com/question/12995874
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Answer:
D. HUMAN CAPITAL
Explanation:
Factors of Production are the resources/ inputs used to produce final finished goods output.
There are 4 factors of production:
- Land - is paid 'rent' as factor income
- Labour - is paid 'wages' as factor income
- Capital (Money) - is paid 'return on investment' i.e 'interest' as factor income
- Entrepreneur (Entrepreneurship) - is paid reward as 'profit'.
Labour & Human Capital seeming to be synonyms are different :- 'Human Capital' is the stock of knowledge & skills embodied in 'labour', enabling them to perform tasks of economic value. Firms invest in human capital i.e knowledge/skill enhancement of factor of production 'labour'.
So, Labour and <u>not</u> HUMAN CAPITAL is a factor of production.
Answer:
b. favorable tax concessions and economic incentives by home-country governments.
Explanation:
Venturing in international trade offers a business the opportunity to expand its market. The company will be able to distribute and sell its products to new regions and territories. A company will be able to grow its output, which results in economies of scale.
Growth in output requires the company to do large scale production. Production cost unit per unit decreases as a business output increases. After breakeven, every other unit produced contributes to an organization's profitability. International markets create chances of getting better locations for setting up new branches or finding cheap materials.
A Tax incentive is not a reason for engaging in foreign markets. Even if incentives are there, they last for a few years. Home countries will hardly give concessions to businesses engaging in international trade.
