Answer:
D
Explanation:
Scarcity is the basic economic problem that happens because people have unlimited wants but resources are limited.
hope this helps
Answer:
Break even point in dollar sales = $1,050,000
Explanation:
Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage
Contribution margin percentage = (Contribution margin/ Sales) X 100
Here we have for the year 2017
Contribution margin = $194,750
Sales = $779,000
Contribution margin percentage = ($194,750/$779,000) X 100 = 25%
Break even point in dollar sales = Fixed Cost $262,500/25%
= $1,050,000
Answer:
a. Domestic producers require time to gain experience and lower their unit costs; this will allow these producers to compete successfully in international markets.
Explanation:
According to the infant-industry theory, new industries in emerging and developing economies need protection for unfair competition from industries in advanced economies. The new industries need time to grow and develop economies of scale that can match those from more developed economies.
Economists describe infant industries as those in their early stages of development and, as such, cannot compete favorably with established rivals. Proponents of Infant-economies protection argue that infant industries need protection from international competitors capable of flooding domestic markets with cheaper goods. Protection assist infant industries to mature and develop economies of scale.
Answer:
d. strategic alliances are easy to manage.
Explanation:
International strategic alliance is when companies located in different countries come together to form an alliance with the aim of achieving a specific goal.
When companies come together to form an international strategic alliance, the companies involved still remain a separate legal entity.
One of the disadvantages of an international strategic alliance is that they are difficult to manage. One of the reasons why this is so is because of different organisational cultures. The companies forming an alliance might have different organisational cultures.
The advantages of an international strategic alliance includes:
a. Alliances facilitate the development of new capabilities.
b. It increases access to new competencies particularly those related to technology.
c. Companies can share risks and resources.
