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3 years ago

Who benefits from an import-substitution strategy? who is harmed?

Business

1 answer:

Aloiza [94]3 years ago

5 0

Answer:

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. Domestic consumers benefit from import substitution as they do not have to face strong competition from foreign competitors and can sell their goods at a higher price. So for example manufacturers in USA sell a battery from $10 but consumers from USA have the option to import that battery at $7 from China the US manufacturers wont be able to compete as Chinese companies have lower cost of production therefore they can sell cheaper and in order to protect the local manufacturers the government may use an ISI strategy to help the local manufacturers. On the other hand consumers are harmed from this strategy as they cannot buy the cheaper product because of change in government strategy. So consumers who were buying the battery at $7 not have to buy it at $10.

Explanation:

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OverLord2011 [107]

Answer:

theory a

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3 years ago

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Sales representatives at the HomeWork Helper Appliances Store work hard to develop a close relationship with their customers and

iragen [17]

Answer: A.True

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3 years ago

At Creighton Company, the following errors were discovered after the transactions had been journalized and posted.1. A collectio

dangina [55]

Answer:

The correction entries shall be as follows,

1. Service Revenue Dr. $ 920

Customer Account Cr. $ 920

2. Store Purchases Dr. $1,180

Accounts Payable Dr.$340

Supplies Account Cr. $ 1,520

Explanation:

1. The service revenue account was overstated and customer account understated. therefore by debiting service revenue and by crediting customer account, both have been restated at their actual position.

2. The accounts payable was overstated by $ 340 (1,180-1520).it is rectified by debiting with $ 340. Whereas the supplies account was wrongly debited therefore that impact of $1,520 reversed and actual store purchases debited with actual amount of $1,180

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3 years ago

Competitive advantage refers to:

True [87]

Answer:

d. refers to how a firm does something unique to create added value.

Explanation:

The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.

The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.

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3 years ago

The Retained Earnings account had a beginning credit balance of $26,000. During the period, the business had a net loss $12,000,

hodyreva [135]

Answer:

$6,000

Explanation:

Data provided

Beginning credit balance = $26,000

Net loss = $12,000

Paid dividends = $8,000

The calculation of Retained Earnings account is given below:-

Retained Earnings = Beginning balance - Net loss - Dividend

= $26,000 - $12,000 - $8,000

= $26,000 - $20,000

= $6,000

So, for computing the retained earning we simply applied the above formula.

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4 years ago