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3 years ago

Dumping is defined as the situation in which

Business

1 answer:

lbvjy [14]3 years ago

6 0

Answer:

C. foreign producers sell a product at a price below the cost of production.

Explanation:

Dumping is associated with international trade. It happens when a country or a company exports huge volumes of a product at a price lower then it sells in the domestic market. In other word, consumers in foreign markets can purchase the item at a lower price than consumers in the domestic market.

Companies wishing to penetrate international markets use the dumping technique. They flood the foreign market with unfairly priced products to gain a considerable market share. Dumping is legal in international trade. Countries impose tariffs, quotas, and embargo's to restrict imports and protect local manufacturers from dumping.

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raphael spends $150 to purchase medical services from the medical clinic. susan earns $600 per week working for the medical clin

Deffense [45]

The following occur in the factor market:

Susan earns $600 per week working for the medical clinic.

Raphael earns $250 per week working for Dinah's diner.

The following occur in the product market:

Raphael spends $150 to purchase medical services from the medical clinic.

<h3>What is the factor and product market?</h3>

The product market and the factor market are the two major markets in the circular flow of income.

The product market is a marketplace where final goods and services are bought and sold. Intermediate goods are not sold in the product market.

The factor market is a market where the factors of production needed for the production of goods and services are bought and sold. Labor is one of the factors of production.

Thus, the services of Susan and Raphael would be exchanged in the factor market. For offering their services in the factor market, Susan and Raphael are rewarded in the form of wages.

Here is the complete question;

Identify if each of the following scenario occurs in the factor market or in the product market.

raphael spends $150 to purchase medical services from the medical clinic.

susan earns $600 per week working for the medical clinic.

raphael earns $250 per week working for dinah's diner.

To learn more about the factor market, please check: brainly.com/question/17284274

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6 0

2 years ago

Many managers describe performance appraisal as the responsibility that they like least. Why is this so? What could be done to i

rusak2 [61]

Answer:

Performance appraisal is by its very nature subjective. To improve the situation, as much as it is possible, objectivity should be allowed to rule all appraisal processes.

Explanation:

Performance appraisal is the formal evaluation of employees by their managers for the purpose of aligning employees' performance to the achievement of corporate objectives. To achieve goal congruence between employees who have different objectives for their work and the organization which wants to achieve profit and other corporate goals, performance appraisals are carried out periodically. However, the process has been marred by manager's bias, incompetence, and other problems.

4 0

3 years ago

Why has globalization resulted in increasing environmental damage around the world?

Lubov Fominskaja [6]

Those who support this bleak view of globalization argue it creates global competition, resulting in a boost in economic activities that deplete the environment and its natural resources. The increased economic activity leads to greater emissions of industrial pollutants and more environmental degradation.

6 0

3 years ago

Which of the following is a disadvantage of barter as a countertrade arrangement?

Wittaler [7]

Answer:

(C). Firms engaged in barter run the risk of having to accept goods they do not want or cannot use.

Explanation:

Countertrade is a trade system in which goods and services are exchanged for other goods and services.

Barter is a type of countertrade where money isn't involved. Only goods and services are exchanged between participating parties.

<em>A disadvantage of barter is that, in the absence of required goods, a firm may have to accept the goods the other firm is offering even though it doesn't need or cannot use those goods at that point in time. </em>The firm could resell the goods later.

5 0

4 years ago

A _____ is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activitie

yulyashka [42]

A fence is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activities.

Legitimate business means a bona fide, active and operating commercial or business entity, or a government agency, charitable institution, or other duly recognized non-profit organization that produces services or goods for profit. I mean

Legitimate Business Reason means a party's compliance with contractual obligations and applicable laws and regulations, including but not limited to data protection, in connection with any action by a party. increase.

Legitimate business interests include valuable and confidential business information, material relationships with specific prospective or existing customers, customer goodwill related to ongoing business, and professional training. increase. identification.

Learn more about legitimate business here: brainly.com/question/24553900

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5 0

2 years ago