Small business is difficult in the economy because its self made
Answer:
An economic union
Explanation:
Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;
I. Customs union
II. Free trade area
III. Common market
IV. Political union
VI. Economic union
An economic union can be defined as a trade bloc which comprises of both customs union and a common market.
In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.
However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.
Complete/Correct Question:
The account that is brought up to date after the closing entries have been journalized and posted is the ____.
A. Sales account
B. Purchases account
C. Capital Stock account
D. Retained Earnings account
Answer:
D, retained earnings account
Explanation:
Retained earnings can be defined as the accumulated income of a firm, that is retained by firm, after a certain period of time. After a certain time could be after the reporting period.
Simply put, retained earnings can be said to be the amount of income that a firm keeps after a period such as declaring financial reports.
The retained earnings is always reported and recorded in the stakeholder's equity and the company's balance sheets respectively. Retained earnings signify or represent how much of its profits a firm has reinvested itself.
Cheers.
Answer: (C) Decline
Explanation:
The decline stage is one of the type of last stage in the product life cycle as it basically representing the actual behavior of the product in the market which results in the form of negative growth.
The decline stage basically demonstrating about the decrease sales and also the profit of the products in an organization.
According to the given scenario, the television western is one of the type of category that entering into the decline stage due to the change in the taste of the customers.
Therefore, Option (C) is correct answer.
