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svetlana [45]
3 years ago
9

Comparative advantage is the ability to convince others of the best choices to make in their own self-interest. perform an activ

ity at a lower opportunity cost. determine who your best trading partners are. determine the best use of capital goods.
Business
1 answer:
Ira Lisetskai [31]3 years ago
3 0

Answer:

The correct answer is letter "B": perform an activity at a lower opportunity cost.

Explanation:

Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.

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Here is some price information on Fincorp stock. Suppose that Fincorp trades in a dealer market. Bid Ask 55.25 55.50 a. Suppose
kobusy [5.1K]

Answer:

$55.50

Explanation:

The bid price is $55,25 is the price applicable to investors would intend to sell their investment.

The ask price is $55.50 is the price applicable to investors who wish to acquire the Fincorp stock.

The prices have been computed in such a  way that the broker will always gain, whether an investor is buying or selling his/her stake.

Conclusively, the order given to the broker to buy at market would be executed at the ask price of $55.50, not the other way round.

8 0
3 years ago
an organization that seeks to operate efficiently and effectively to achieve its goals without focusing on profit as a motive
Likurg_2 [28]

Answer: A non profit organization

Explanation: A non profit organization is an establishment created to perform efficiently and effectively, without necessarily making profit as its aim.

They most times function in the area of humanitarian needs, health and medicine, financially empowering the unemployed in communities.

The non profit organization are most times sponsored by government of nations, international bodies ( such as UN, WHO, UNESCO).

6 0
3 years ago
One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck.
Leno4ka [110]

Answer:

Yield management pricing.

Explanation:

One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck. However, there is a website where independent interstate truckers can look for loads that they can carry with them on their return trip. Because the trucks would be returning empty (and inefficiently), truckers who use this website to get business that they would not have had without it and charge a reduced shipping rate. This reduced rate is an example of yield management pricing.

Yield management pricing can be defined as a pricing strategy which typically involves having a variety of charges (prices) for the services being provided by an organization at a specific period of time.

Simply stated, it basically involves providing a service at the right price, time and to the right service taker.

The yield management pricing strategy is mostly used by the airline, hotel, travel businesses. The main purpose of the yield management pricing is to maximize profits or generate more revenue.

3 0
3 years ago
Trader joe’s differentiates itself from competitors by offering top-quality foods obtained through sustainable agriculture. This
Liono4ka [1.6K]

Trader joes differentiate itself from competitors by offering top-quality foods obtained through sustainable agriculture. This business strategy implies that trader joes focus on gaining a market share and making up the loss in margin through increased sales.

According to the Cost Leadership article, Trader Joe's focuses on low-cost, high-quality products to attract customers' attention. Trader Joe's is a very small store less than 10,000 square feet.

Just Right Airline is probably sitting in the middle because it's basically trying to reconcile different strategic positions (high-quality features versus low price). Other airlines consistently pursue either differentiation or low-cost strategies.

Marriott has reduced its cost structure by distributing its manufacturing facilities across multiple hotel types, increasing the diversity and differentiated appeal of its hotel line.

Learn more about Trader joes at

brainly.com/question/24130059

#SPJ4

5 0
1 year ago
Jamie wants to purchase a notebook computer, but she has limited product knowledge about computers other than how to turn one on
vodka [1.7K]

Answer:

High-involvement purchase situation.

Explanation:

As part of the consumer decision process, the process consumers go through in making a purchase can differ between low involvement and high involvement purchase decision.

Low involment:

-need recognition

-evaluation of alternatives

-purchase decision

-postpurchase evaluation

High involment:

-need recognition

-information search. advertising helps the search process by providing information and making it easy to find. This stage can be casual or formal.

-evaluation of alternatives

-purchase decision

-postpurchase evaluation

7 0
3 years ago
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