Create a limit on the maximum no. of bottles the firm can make,
The required details about externality is mentioned in below paragraph.
<h3>How Do Externalities Work?</h3>
An externality is a cost or benefit a producer generates but does not personally bear or receive. An externality can result from the creation or consumption of a good or service and can be both positive and negative.
Externalities happen when creating or consuming a good has an effect on parties who are not involved in the transaction directly. Externalities can be either good or bad. They can result from either production or consumption as well. For instance, simply entering a city center will increase the pollution and traffic for individuals who live there.
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Hormel is giving its customers a cash discount.
<h3>What is cash discount?</h3>
Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.
Based on the given scenario Hormel offers is offering its food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of 10 days.
Inconclusion Hormel is giving its customers a cash discount.
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Answer:
Just -in-Time(JIT)
Explanation:
Just in time is a lean manufacturing approach through which Organisation manage inventory in such a way that the supplies are received just at the time it is required, just-in-time is one of the key strategies adopted by Toyota in Japan in order to enhance its Efficiency and ensure that it doesn't take the cost of storing inventories in its operations.
Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.
Answer:
A. Enters a national market after several other foreign firms have already done so.
