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likoan [24]
3 years ago
12

What was the significance of NAFTA?

Business
1 answer:
Vesna [10]3 years ago
8 0

Answer:

a. It allowed freer trade opportunities for the United States, Canada, and Mexico.

Explanation:

NAFTA is  North American Free Trade Agreement.

NAFTA is a trade agreement that was formed to encourage increased economic activity among the three countries in North America. The deal came into force on January 01, 1994. It involved the countries of Canada, Mexico and the United States of America.

The formation of NAFTA created the second-largest free trade area in the world in geographic coverage. Its purpose is to encourage trade corporation in the region. To achieve that, NAFTA proposed a reduction or elimination of tariffs, particularly those related to the automobile, agriculture and textile industries. The tariffs were gradually phased out between Jan 1. 1994 and Jan 1. 2008

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Janice always makes the first offer during salary negotiations because that number will become the starting point for any furthe
Ira Lisetskai [31]

Answer:

b. anchoring and adjustment heuristic.

Explanation:

Anchoring and adjustment heuristic is a Psychological heuristic in which a person or individual influences others by suggesting a starting point. The other person will then rely on the first information offered and an anchor is then placed. The further judgment is made around that anchor which created a bias toward interpretation of information.  

Janice also used a strategy of anchoring and adjustment bias by giving first offer of salary. This will be considered as anchor which is placed and all the other negotiations will be around that salary anchor which will be used as starting point.

8 0
3 years ago
The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and produc
lesya692 [45]

Answer:

$11.1

Explanation:

We can calculate the factory overhead allocated to a unit using multiple department factory overhead rate methods with an allocation base of direct labor hours. In this method, we will divide the te total overhead cost in direct labor hours consumed in that department.

Solution

Direct Labor  Overhead  rate for Finishing = $550,000/500,000

Direct Labor  Overhead  rate for Finishing = $1.10  per hour

Direct Labor  Overhead rate for Production = $400,000/80,000

Direct Labor  Overhead rate for Production = $5

Overhead for DeskLamps = (Direct labor hours in Finishing x Direct Labor  Overhead  rate for Finishing + Direct Labor hours in Production x Direct Labor  Overhead rate for Production)

Overhead for DeskLamps= (1x$1.10 + 2x$5)

Overhead for DeskLamps= $11.1

3 0
3 years ago
Name 4 challenges of the market environment​
Korolek [52]

Explanation:

Challenge 1: Changes in how buyers buy.

Challenge 2: Competition.

Challenge 3: Need for top talent.

Challenge 4: Competing on price only.

6 0
3 years ago
Read 2 more answers
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is
dedylja [7]

Answer:

Natural resources

Explanation:

Im not quite sure what your asking but if im right I think  they have the competitive advantage of natural resource which would be the cow poop/manure that theyre using to power there facilities and fuel milk tankers.

sorry if im wrong

3 0
3 years ago
A developer purchased three oceanfront lots, each measuring 75 by 110 feet, for $20 per square foot. The developer later sold th
AleksAgata [21]

Answer: 21%

Explanation: The developer purchased 3 properties and he can buy each property for $20 per square foot.

Therefore: 75 × 110 =8250 square feet.

8250 × $20 = $165 000 per lot.

Each lot was sold for $200 000. Which means the developer made profits of:

$200 000 - $165 000 = $35 000 per lot.

The percentage of profit on each lot is:

Percentage of profit on cost amount:

= \frac{35 000}{165 000}

= 0.2121212 recurring × 100

= 21,21%

Percentage of profit on sale amount:

= \frac{35000}{200000}

= 0.175 × 100

= 17,5%

3 0
3 years ago
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