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3 years ago

What is an advantage of economic specialization?

Business

1 answer:

Nina [5.8K]3 years ago

7 0

Answer: Option B

Explanation: In simple words, economic specialization refers to the process in which an economy focuses on producing a specific commodity on which they have a potential to get specialization on.

Under such a situation, the economy reduces the production of its other products and makes all efforts for specialization in a target commodity.

Thus, from the above we can conclude that the correct option is B .

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A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and t

denis23 [38]

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

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3 years ago

Believing in your capabilities and demonstrating confidence in the tasks that you perform

Montano1993 [528]

Helps to boost outs comes and productivity.

3 0

3 years ago

Sam visits Mexico for a business meeting. At the meeting, Sam addresses the vice president of the firm by his first name rather

Nesterboy [21]

Answer:

A. power distance

Explanation:

In the context of Hofstede's cultural dimensions, this difference in cultures is part of the power distance dimension, which corresponds to the hierarchical position of the members of an organization and the appropriate relationship form for each hierarchy in an organization that occurs in certain cultures, reinforced by an inequality that already occurs in society.

To avoid offensive behavior in multinational businesses, it is necessary to have multicultural skills that include ethics, respect and knowledge of a new culture and its rules.

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3 years ago

Shamrock Shades operates in mall kiosks throughout the southwestern United States. Shamrock purchases sunglasses from bulk disco

Dmitry [639]

Answer:

Particulars Jan Feb Mar

Purchase $160,000 $200,000 $252,000

Explanation:

For computing the required purchase from Jan to Mar we need to find out the following amounts

Particulars Jan Feb Mar Apr

Projected sales $380,000 $460,000 $620,000 $660,000

COGS at 40% $152,000 $184,000 $248,000 $264,000

Ending inventory $46,000 $62,000 $66,000

Beg inventory $38,000 $46,000 $62,000

Now the required purchased for each month is

Particulars Jan Feb Mar

COGS $152,000 $184,000 $248,000

Add: ending inve $46,000 $62,000 $66,000

Less: Beg inve ($38,000) ($46,000) ($62,000)

Purchase $160,000 $200,000 $252,000

Here,

COGS = Cost of goods sold

Since the desired ending inventory is 25 percent of the following month’s cost of goods sold so beginning inventory would be 25 percent in current year cost of goods sold

6 0

3 years ago

Assume that eggs and cereals are substitute products for breakfast. If a disease kills a large number of chickens, what will hap

larisa [96]

Answer:

The correct answer is letter "D": the quantity demanded of cereal will increase.

Explanation:

According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).

In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, the quantity demanded for cereal will increase moving the demand curve to the right.

6 0

3 years ago