Answer:
Question 1:<u> Autarky</u> is a situation in which a country does not trade with other countries. The <u>terms of trade</u> is the ratio at which a country can trade its exports for imports from other countries.
Question 2: The correct options for question 2 is d. all of the above
Explanation Answer 1
Autakry is a theoretical economic condition in which a country is self-sufficient. In such a scenario, it won't require the need to trade with other countries. The terms of trade are a ratio which depicts the average trade made for a particular country i.e average for both the imports and exports.
Explanation Answer 2
In reality, countries have to trade. They might lack important resources, such as oil or even food. They might also need to trade raw materials that might be required for export products.
Sometimes, it might even better to move the production of a product, from one country to another, simply because it might be cheaper.
Hence, in question 2, all of the options are correct.
Explanation:
Answer and Explanation:
The computation is shown below:
But before reaching to the final answers, first determine the contribution margin per unit which is
a. Contribution margin per unit =Sales-Variable cost
= $80 - $43
= $37 per unit
Now
Breakeven = Fixed expenses ÷ Contribution margin
= $340,400 ÷ $37
= 9,200 units
b.Contribution margin = Sales - Variable cost
= $80 - $46
= $34 per unit
Now
New Breakeven = Fixed expenses ÷ Contribution margin
= $270,000 ÷ 34
= 7,941 units
Answer:
False.
Explanation:
The Victoria's part is true she is pursuing cost leadership by keeping it's price low although the Walmart's example is not related to differentiation strategy of competitive advantage. Because keeping mix of products is not differentiation, it's not unique.
- Porter suggested 4 strategies and he believed that by using one of these strategies companies can gain <em>competitive advantage. </em>
The 4 strategies for competitive advantage:
- Cost Focus.
- Cost leadership.
- Differentiation Focus.
- Differentiation Leadership.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
