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3 years ago

Use the following two statements to answer this question:

Business

1 answer:

s344n2d4d5 [400]3 years ago

7 0

Answer:

(D) I is true, and II is false

Explanation:

Increasing returns to scale means that during a production process, as input increases, output increases but by a larger proportion.

Economies of scale refers to the decrease in average cost per unit as a firm increases its output.

The increase in output brought about by increasing returns to scale causes cost per unit to decrease (which is economies of scale).

Therefore increasing returns to scale causes economies of scale.

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Which of the following is required for all workers to earn identical wages in the long run? Check all that apply. All jobs requi

zepelin [54]

Answer:

All workers have equal ability and can be trained to do different types of employment at minimum cost. Workers can move from one labor market to another at zero cost. All workers must have a bachelor's degree.

Explanation:

In the conventional perfectly competitive model of the labor market, wage-setting is individualistic in the sense that identical workers should receive identical wages in different firms and different workers should receive different wages in the same firm.

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3 years ago

Read 2 more answers

What are the pros and cons of relocating a small or midsized manufacturing firm (that makes mature products) from the united sta

Darya [45]

There are usually more positive than negatives when it comes to moving manufacturing from the United States to China. It's cheaper to pay wages in China for the same type of work that someone in America would expect to be paid. Not only can you pay the workers less, you can then afford to expand and hire more people due to saving the money on American wages. Usually, you can also get products cheaper in China and cut down the cost of your product. However, with cheaper labor and materials comes cheaper quality and the quality dropping may hurt consumers willingness to buy.

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3 years ago

Product-oriented layout is characterized by high demand for the same or similar products. Another name for this layout is

dexar [7]

Answer:

Repetitive layout

Explanation:

In simple words, Product-oriented layouts can be understood as the model that is grouped around items with equivalent high low commodities or families. Consumer demand is strong enough to warrant the high investment in specialized equipment in such a design. The commodity is standardized or entering a life cycle period that justifies investments in advanced equipment.

3 0

3 years ago

In expanding into foreign markets, a company can strive to gain competitive advantage (or offset domestic disadvantages) by

il63 [147K]

Here's the options that completes the question:

A. building a state-of-the-art facility to fully capture scale economies via an export strategy.

B. using export, licensing, or franchising strategies so as to minimize risk and capital investment.

C. locating buyer-related activities in all countries where it sells its product.

D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets.

E. avoiding the use of strategies that entail coordinating its domestic strategic moves with its strategic moves in the various foreign markets that it enters.

Answer:

Explanation:

A key condition that makes a firm achieve competitive advantage or a favourable business position is it's costs and product design.

If a firm can lower it's cost in a foreign market while also maintaining quality just as it is has done in it's domestic market then it stands a better chance of success.

For example, if a firm in the clothing line industry decides to expand its operations to a foreign market eg Africa.

A key factor in determining its success is its ability to lower its cost in the foreign market as compared to competitors, while also achieving the same quality standards of products.

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3 years ago

Last year, a women's professional organization made two small-business loans totaling $23,000 to young women beginning their own

Fittoniya [83]

Answer:

a. Loan amount at 9%=5,000

b. Loan amount at 11%=$18,000

Explanation:

To determine the amount of each loan amount, first we need to derive the following equations;

<em>Step 1: Determine loan amount at 9%</em>

Total Interest=Interest from 9%+interest from 11%

where;

Total interest=$2,430

Interest from 9%=principal amount at 9%×interest rate×number of years

Interest from 11%=principal amount at 11%×interest rate×number of years

and;

Principal amount at 9%=x, interest rate=9/100=0.09, number of years=1

Principal amount at 11%=23,000-x, interest rate=11/100=0.11, number of years=1

replacing;

2,430=(x×0.09×1)+0.11(23,000-x)

2,430=0.09 x+2,530-0.11 x

(0.11 x-0.09 x)=2,530-2,430

0.02 x=100

x=100/0.02

x=5,000

Loan amount at 9%=5,000

<em>Step 2: Determine loan amount at 11%</em>

Use the expression below to determine the loan amount at 11%;

Loan amount at 11%=Total loan amount-loan amount at 9%

where;

Loan amount at 11%=unknown, to be determined

Total loan amount=$23,000

Loan amount at 9%=$5,000

replacing;

Loan amount at 11%=23,000-5,000=$18,000

Loan amount at 11%=$18,000

3 0

3 years ago