Lilliput's net exports are ($244 billion). Therefore, Lilliput is running a trade deficit of $244 billion.
A trade surplus implies that Lilliput's exports are greater in value than its imports. A situation of <em>"neither a trade deficit nor a trade surplus"</em> exists when the exports are equal in value to the country's imports.
Data and Calculations:
Lilliput's exports = $205 billion
Lilliput's imports = $449 billion
Net exports for Lilliput = ($244 billion)
Thus, Lilliput is running a trade deficit of $244 billion because its imports <em>are worth more than its </em><em>exports.</em>
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You could say something like "From this day forth all staff in the in-house sales department and <span>the traveling sales department. All men must wear suit and tie, and all women must be dressed in jeans and a long sleeve shirt!?"</span>
Answer:
d. price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.
Explanation:
Michael Porter specified 4 generic strategies for gaining competitive advantage, which are namely,
1. Cost Focus
2. Differentiation Focus
3. Cost Leadership
4. Differentiation
Cost leadership refers to charging lowest price and attaining cost advantage in the industry.
Differentiation refers to designing products with unique attributes.
Striving to be low cost provider would be most attractive when the buyers have low switching costs i.e it is easier and cheap to switch between products and wherein buyers are large and exercise considerable bargaining power.
Thus, the correct option is (d). price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.
Answer:
16 times
Explanation:
Calculation to determine what Bonita Corporation's price-earnings ratio is
Price-earnings ratio= ($1550000 -$400000)/387500
Price-earnings ratio=$1,150,000/387500
Price-earnings ratio=2.97
Price-earnings ratio= 48/2.97
Price-earnings ratio=16 times
Therefore Bonita Corporation's price-earnings ratio is 16 times
<span>The answer is C. Productivity is the ratio of outputs to inputs.
This answer is correct because productivity is a measure of efficiency, and is not a measure of quantity, profit (revenue), or quality. Productivity is the measure of effectiveness in converting inputs to outputs.</span>
