Based on the scenario above, this process is being termed as
dumping. Dumping is a term used in the international trade’s context where in
the export of a company or a country in regards with their product is being
priced lower when they are in the foreign importing market than of the domestic
market.
Answer:
The first part of the question was missing, so I looked for it:
total revenue = $934,500
net income = $62,260
net profit margin = (net income / total revenue) x 100 = ($62,260 / $934,500) x 100 = 6.662%
if revenue increases by $100,000, then net income should increase by:
$100,000 x 6.662% = $6,662
Sue would be BENCH MARKING.
Bench marking is the process of comparing one's business processes and performance metrics to industry best and best practices from other companies. Bench marking is usually done in order to achieve a competitive advantage in an industry.<span />
If demand increases and supply increases, the one that will happen is : equilibrium quantity will increases
When this happen, the product will be sold like crazy on the market, which will lead to an increase in equilibrium quantity
hope this helps
