When Wal-Mart started purchasing from the manufactures of products directly in 1980 it helped to grow the business into a major success. The three activities that helped build the success was more cost effective inventory management, distribution practices by having their own fleet of trucks, and supply chain efficiency which helped to save time.
The Given Statement is TRUE. Banks helped international trade by allowing merchants access to money in different locations.
<h3>
What is International Trade?</h3>
International Trade is the exchange of goods and services across international borders. It usually comes with additional risks caused by changes in exchange rates, government policies, laws, judicial systems, and financial markets.
International trade drives a country’s growth. Import-export figures are one of the top contributors to a country’s gross domestic product. Thus, every country tries to strengthen its global trade relationships with world leaders.
<h3>What is the role of the banks in International Trade?</h3>
Banks facilitate international trade by providing financing and guarantees to importers and exporters. While access to external funds is important for domestic production, it is especially important for exporting firms.
<h3>What did a Merchant do?</h3>
Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.
Thus, we can conclude that the above statement is TRUE.
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<span>given:
cash on hand at year-end=$201000
negative cash flow = $ 144000
solutions:
Monthly cash expenses =negative cash flow
=144000/12=12000
ratio of cash to monthly cash expenses=cash on hand at year-end /Monthly cash expenses
= 201,000/12000=16.75=16.80(approx)
ratio of cash to monthly cash expenses=16.8 months</span>
Answer:
Inept set
Explanation:
Inept set of products are those products that a consumer will definitely not consider to purchase. Consumers must have had bad experience with the products or companies belonging to this set. This could be a reason for them being averse to purchasing these products.
Here, John had bad experience with Sunshine Cereals which makes him decide not to purchase their products ever. As such Sunshine Cereals corresponds to inept set of alternatives.
