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Soloha48 [4]
4 years ago
7

_______________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell

phones. The domestic firm contracts with a foreign company to produce and private-label the goods, because the price is much cheaper than the domestic firm could produce in its' home market
(a)-Franchising
(b)-Foreign direct investment
(c)-Contract manufacturing
(d)-Exporting
Business
1 answer:
diamong [38]4 years ago
4 0

Answer:

Correct option is (c)

Explanation:

In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.

So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.

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An economy has two firms, Russell Farms and the Cider Mill. Russell Farms owns orchards. It sells some of its apples to the publ
noname [10]

Answer:

a. GDP will increase

b. No effect on GDP

c. GDP will increase

d. GDP will increase

e. GDP will rise

Explanation:

Gross domestic product is the total monetary value of all the finished goods produced in the country during a specific period. When a new house is constructed it will create value for the economy and GDP will rise but when an old house is resold again there is no addition in the monetary value so there will be no effect on GDP.

6 0
3 years ago
Historically, the best asset for the long-term investor wanting to fend off the threats of inflation and taxes while making his
OlgaM077 [116]

Answer:

Stocks

Explanation:

Stocks also referred or recognized as the equity or the shares, it is defined as the kind or form of the security which signifies the ownership that is proportionate while issuing to corporation or business.

The stock is entitles the stakeholders to the proportion of the assets and the earnings of the corporation, and these investments could be bought from online stock brokers.

So, the best assets for the long term investor in order to fend off the threats of taxes and inflation when making the money to grow is stocks.

5 0
4 years ago
"Frances sells bottled water from a small stand by the beach. On the last day of summer vacation, many people are on the beach,
kykrilka [37]

Remaining part of question:

In terms of Dmitri's total utility, it is worse for him to ________________ .

Taking into account the loss in utility that working hard brings to Dmitri, Sondra and Dmitri together _____________ better off if Dmitri works hard instead of shirking

Answer:

1. Put in more effort

2. Would be

Explanation:

1. Dmitri puts his personal cost at $20 if he shirks, an amount that is implies $80-$20=$60

he would be having over half of their total revenue.

2.

Yes, if they both work hard, Dmitri will earn $80 on the beach and Frances will earn $160 at her stand, so they will each take home half of their total revenue: $80/2+$160/2=$120 . However, if Dmitri fails to work hard all of them would receive lesser returns.

8 0
4 years ago
A customer of a firm enters a foreign market by setting up a manufacturing facility. It tells its suppliers that they will need
marysya [2.9K]

Answer: Piggy backing

Explanation: Piggy back exporting is done by suppliers of a product and entails them supplying a certain function of the business only and just buying the actual product from local sellers. Another option can be that the supplier works with the local seller, and sells the seller's goods on behalf of seller for a commision. The suppliers are known as the carriers and the local sellers are known as the riders.

The customer entering the foregin market is the rider, and the suppliers supplying the parts ahd customer service is the carrier. The customer does not fully need to produce the product from scratch, and is able to acquire this from the suppliers who already have it. The custoemr, who is the rider, is thus able to "ride" on the back of the "carriers" back and ideas set in motion for their product.

6 0
4 years ago
Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called _________
soldier1979 [14.2K]

Answer:

c

Explanation:

Multinational market regions are groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers.

Types of multinational market regions

  1. Regional Cooperation Groups.
  2. Free Trade Area  
  3. Customs Union.
  4. Common Market  
  5. Political Union
3 0
3 years ago
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