Answer:
1) Colombians pay $ 12,696,000 per car.
2) Consumers now pay the price of $10,948,000 per car.
Explanation:
1) Given that Colombia imports cars from Australia, and the free market price is $ 9,200.00 per car, if the tariff on imports in Colombia is initially 38%, Colombians pay $ 12,696,000 per car.
This arises from the following calculation:
9,200.00 x 1.38 = X
12.696.00 = X
2) Since that as a result of the Uruguay Round, Colombia reduces its import tariffs to 19%. Assuming the price of cars is still $ 9,200.00 per car, consumers now pay the price of $10,948,000 per car.
This arises from the following calculation:
9,200,000 x 1.19 = X
10,948,000 = X
Answer:
Product
Explanation:
Departmentalization - This is the breakdown of a single business into smaller unit under the same coordination for administrative and operational convenience.
Departmentalization by product - When business entity is divided into smaller manageable unit along the line of products produced by the organisation, that is what we called departmentalization by product.
Identical products or products with similar characteristics are placed under the same department.
Two taxi companies scenario does not describe a competitive market, this is because the companies are just two, for a market to be competitive it must have numerous companies offering identical products. The pharmaceutical company scenario is not an example of a competitive company because it is the only one involve in the market and the product been market is just one, a competitive market normally involve many companies. The college and algebra companies scenario describe competitive market because there are many companies that offer basically identical services and the clients can choose from any one of them. The companies have to put in extra work to win customers for themselves.
Answer: value added product
Explanation:
Core services are basic things that customers want from products they purchase. Value-added services differentiate the organization from competitors . The value added products are defined as follows: A change in the physical state or form of the product (such as milling wheat into flour or making strawberries into jam). The production of a product in a manner that enhances its value, as demonstrated through a business plan (such as organically produced products).The value added products build relationships that bind customers to the firm in a positive way.
Answer: Option (a) is correct.
Explanation:
Correct Option: a ratio between the inputs and outputs for which a manager is responsible.
The productivity refers to the value of output that is produce by a factor of production (For example; labor). It is also tell us about the efficiency of a person or any other factor of production for completing a particular work. Productivity grows as the output increases at a faster rate than the inputs.
