Which of the following is a comparative advantage?

Which business or businesses would likely have the most competition from national firms? Check all that apply. A niche retail cl

Umnica [9.8K]

Answer:

The most relevant answers will be,

An elegant seafood restaurant
A pizza home-delivery restaurant

Explanation:

Usually, when the entry is easy for a industry such an industry is at the risk from national firms. Niche industries and industry that require special technology and has only a small market segment have less risk.

4 0

3 years ago

Read 2 more answers

Which bank does not charge at all for using the ATM?

const2013 [10]

Bank A is the answer

6 0

3 years ago

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs $ 41,000

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs $ 11,500

Net Profit $ 65,500

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs $ 11,500

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss $ 38,000

Net Profit $ 65,500

3 0

3 years ago

One of the major tools of direct marketing is ______ advertising, where a product is promoted through an ad that encourages the

kompoz [17]

Answer:

C- Business-to-business

Explanation:

3 0

4 years ago

A major reason why it is difficult to lower the barriers to free trade is A. the loss of jobs without any gain of jobs from free

Thepotemich [5.8K]

Answer:

B) the uneven distribution of gains and losses from free trade.

Explanation:

One of the most important reasons why governments impose trade barriers is to protect domestic jobs (and domestic industries). We are part of a society (country), and society's most important component is people, not money. Generally the economic gains of free trade are larger than the economic losses, but the economic losses hurt the most.

Imagine if no trade barriers actually existed, how many millions of jobs would be lost in the US. Trade barriers are nothing new, the current president didn't invent them. He just incinerated them.

How does a leader tell the people that 10 or 20 million must lose their jobs and probably will not be able to find any similar jobs in the future just because the rest of society will benefit from cheaper products. The lives of 20 million households (50-80 million people) would be destroyed, while 280 million people would benefit.

The amount of harm done to the people that lose their jobs is much greater than any individual benefit.

6 0

4 years ago