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3 years ago

How does voluntary exchange promote economic progress? Explain three separate reasons.

Business

1 answer:

o-na [289]3 years ago

8 0

Answer:

There are three major reasons why trade is productive—why it increases the wealth of people. First, trade channels goods and services to those who value them most. ... Second, exchange permits trading partners to gain from specializing in the production of those things they do best.

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What will happen to trade if business is flourishing?

PolarNik [594]

Answer:

if the business is florishing, as an example Medical sectors during pandemic they are going to grow till they are in a high demand

8 0

3 years ago

Marlin Steel Wire Products is a manufacturer of commodity wire products out of Baltimore, MD. Marlin has many rivals based in Ch

Ostrovityanka [42]

Answer:

<em>Focus Strategy</em>

Explanation:

Focus Strategy <em>is a marketing strategy in which a business focuses its resources on entering or expanding into a narrow segment of the market or industry.</em>

Usually a focus strategy is used where the company knows its section and has products to meet its needs competitively.

Focus strategy is one of three strategies for generic marketing.

7 0

3 years ago

here are seven firms in the automobile industry. The market shares of the firms are 34 percent, 21 percent, 17 percent, 9 pe

Lemur [1.5K]

Answer:

The answer is "Option 4".

Explanation:

The Herfindahl-Hirschman Index formula:

$HHI=s_{12} + s_{22} + s_{32} + s_{42} +........ + s_{n2}$

here sn is the firm n's share of the market proportion represented the society in general number instead of a decimal

Index Herfindahl-Hirschman:

$= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 62 + 52\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 25\\\\= 2092$

Index Herfindahl-Hirschman(Result of the merger, firms with profit margins of 6% and 5% provided market shares of respectively).

$= (34)^2 + (21)^2 + (17)^2 + 92 + 82 + 112\\\\= 1156 + 441 + 289 + 81 + 64 + 36 + 121\\\\= 2188$

The market with just an HHI of less than 1,500 is called a competitive industry, one on an HHI of 1,500 to 2,500 is called a moderately competitive store, and one on an HHI of 2,500 or higher is considered a highly potent store by us Justice department.

All businesses operate in a moderately crowded market, as well as a merger such as this reduces competition (increases chances of monopoly). Also as result, the Justice Dept may examine its merger but will most likely deny this because the Herfindahl-Hirschman index has risen.

8 0

3 years ago

Which of the following statements is correct regarding job order and process costing systems?

Vera_Pavlovna [14]

Answer:

The correct answer is A. A process cost accounting system is appropriate for similar products that are continuously mass produced.

Explanation:

The system of costs by processes is that by which the production costs are charged to the processes, to the accumulated systems of the production costs, by department or by cost center.

This cost system is ideal for companies such as assembly departments. Even in the financial institution where I worked, the process cost system was also used as a method of calculation and cost allocation.

8 0

3 years ago

Your store sales average 190000 per month your triple net lease has tbe following monthly terms: rent is 5% of sales insurance i

maks197457 [2]

The next year's annual lease payment is $129,240. The term “Lease Payment” is analogous to the rental payment. It refers to the payment created between the owner and renter, per the contract.

A Lease payment refers to the amount that's adequate for the monthly rent prearranged in an exceedingly contract by 2 parties.

Step 1: Verify next year's regular payment.

Since next year, the sales regular payment can have increased by seven-membered, we can verify next year's annual sales as shown:

F=P(1+R)

where;

Next year regular payment

This year's regular payment

R=salary increase rate

In our case;

F=unknown, to be determined

P=190,000 per month

P=(190,000×12)=$2,280,000 annually

R=5%=5/100=0.05

replacing;

F=2,280,000(1+0.05)=$2,394,000

Step 2: Verify next year's rent.

Next years rent=0.05×2,394,000=$119,700

Step 3: Verify insurance, maintenance, utilities and total annual taxes.

Total=annual insurance payments+annual maintenance payments+annual utilities payments+annual taxes

Total=(300×12)+(75×12)+(300×12)+(120×12)=$9,540

Step 4: Verify next year's annual lease payments.

Next year's annual lease payments=next year's rent payment+ insurance+maintenance+utilities+annual taxes

where;

Next year's rent payment=$119,700

Insurance+maintenance+utilities+annual taxes=$9,540

replacing;

Next years annual lease payments=(119,700+9,540)=$129,240

Next year's annual lease payments=$129,24

To learn more about lease payment, visit here

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4 0

2 years ago