Answer:
Quota
Explanation:
A quota is a type f trade restriction which limits the amount of goods that can be imported. In this case, the number of cars that can be imported from Randavia into Ledroy Coast has been limited to a certain number.
If for example the demand for cars in Ledroy Coast is 10,000 cars per annum, and the quota on imported cars has been set at 2,000, that means that customers have to explore and buy locally manufactured cars, and local manufactures will sell 8,000 cars in that year. A quota would thus leave most of the car market to local car manufacturers.
Answer: Increase
Explanation:
The price of corn will increase sharply due to the relative scarcity of corn in the market.
Graphically depicted, the Supply curve will shift to the left due to reduction in supply of corn brought upon by the drought. It will then intersect with the demand curve to bring about a new equilibrium price with a higher price.
Answer:
A. Selective Demand Stimulation
Explanation:
Selective demand Stimulation is the use of advertisement messages to persuade target customers into purchasing your products. In selective demand, the producer or seller brings out the benefits that is intended to cause the target customers to selectively choose his or her products over competitors in the industry. In this case, Orange lists out waterproof and scratch proof in their advertisement message as the benefits of choosing their products over the other cell phone manufacturers. Thus, orange is practicing selective demand Stimulation/advertising.
Answer:
d) Avoidable costs are also known as sunk costs.
Explanation:
The avoidable cost are those cost that can be ignored while making decision. The sunk costs are all those cost which already been incurred and it will not be effected by the change in decision. The sunk costs are already been expensed so, whatever decision you make it will not be changed.
Answer:
The statement is: False.
Explanation:
The main purpose of project planning is <em>determining the cost of handling a business</em> to find out what is the amount of investment needed to keep the business going. Since the beginning, all the efforts of project planning involve coming up with all the factors that could involve offering a good or service and what their costs would be.