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trapecia [35]
3 years ago
8

Is commerce basically the act of trading money for whatever

Business
1 answer:
GalinKa [24]3 years ago
8 0
It is defined as "<span>The activity of buying and selling, especially on a large scale."

</span>
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What kind of information should entrepreneurs gather before investing in a new business?
NeTakaya

Answer:

<u><em>Financial</em></u> information such as:

Rate of return

Initial capital needed

<u><em>Context</em></u> information such as:

Competitors

Legal Barriers

5 0
3 years ago
Omron Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly c
BigorU [14]

Answer:

a)

Total relevant cost

unit level materials                        7,500

unit level labor                                8,250

unit level overhead                         5,250

 

product level cost(13,500*1/3)          4,500

Total relevant cost                          25,500

cost of buying         (10,000*3)= 30,000

Should Omron continue to make the containers                   Yes  

4 0
3 years ago
In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o
MaRussiya [10]

As a result of Hurricane Irma causing the quantity of oranges to drop by 21%, the change in price of oranges will be increase of 14%.

<h3>What will be the change in price of oranges?</h3>

Price Elasticity is found as:
= Change in quantity / Change in price

You have the elasticity and the change in quantity so you can find the change in price as:

-1.5 = -21% / Price

Price x -1.5 = -21%

Price = -21% / -1.5

= 14%

In conclusion, price will increase by 14%.

Find out more on price elasticity of demand at brainly.com/question/5078326.

6 0
3 years ago
To fully understand how taxes affect economic well-being, we must compare the a. benefit to buyers with the loss to sellers. b.
grin007 [14]

Answer:

It doesn't matter if the taxes are set upon the consumers or the producers, the difference between what the consumers pay and what the producers receive is the same. No one benefits from taxes, sellers lose and buyers lose.

Taxes are a necessary evil, but no one can argue that they benefit anyone, at least no one that works and pays them. Probably someone who doesn't work and just lives with the money they receive from government assistance programs might like taxes.

Taxes decrease total surplus, they decrease supplier surplus and they decrease consumer surplus.

The ideal scenario would be that the government uses their evil taxes and invest them well in good services that help society, but in the real world that doesn't happen all the time. Governments use taxes to pay for public goods like roads, security services, education, health, etc., and that is great.  The problem is that they also spend $1 billion per plane because the plane manufacturer donates huge amounts to presidential candidates. Or the incredible amount of assistants, secretaries and other staff that each politician has and we pay for them all. When the government uses money efficiently, the social benefit exceeds the social cost of taxes, but efficiently is the keyword.

6 0
4 years ago
In order to realize the strongest competitive advantage, firms engaged in worldwide competition must:_____.
m_a_m_a [10]

In order to realize the strongest competitive advantage, firms engaged in worldwide competition must C.<u> pursue a </u><u>strategy</u><u> that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results.</u>

<u />

Strategy is an movement that managers take to gain one or greater of the organization's desires. The strategy also can be defined as “A trendy course set for the company and its various components to acquire the desired country within the destiny. approach effects from the precise strategic planning procedure”.

A tactic refers to the particular moves taken to reach the set desires in line with the method. for example, enterprise A's method is probably to end up the cheapest issuer within the cellphone marketplace. Their managers then want to negotiate with suppliers to lessen the costs of the electronic components used in production.

Strategy is a standard plan to reap one or extra long-time period or normal desires under conditions of uncertainty.

Learn more about the strategy here: brainly.com/question/24769299

#SPJ4

6 0
2 years ago
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