Generally, nations that engage in open economies export and import products with other countries more easily.
<h3>What is an open economy?</h3>
Open economy is an economic term that refers to an economic system in which two or more countries maintain an exchange agreement of goods or services.
The open economy includes the transfers and reception of:
- Goods.
- Services.
- Technologies.
- Others.
Learn more about open economy in: brainly.com/question/13505968
Answer:
A. Cost - focus
Explanation:
Cost focus refers to the situation whereby a company or an organization compete with other companies or organizations based on price to target a narrow markets. It focuses on the minimization of cost within the focused market group. Organizations doing this seeks to achieve cost advantage in its target segment. By selling at prices that are below their competitors, Mountain Rescue is practicing cost focus strategy.
Answer:
See below
Explanation:
This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.
The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.
The journal entry will be
Bank A/c DR. Rs 4500
Yogesh A/c Cr. Rs 4500
Answer:
2. Have both the buyer and seller sign required disclosures describing the designated sales agency relationship and stating that each the buyer and seller have assets of $1 million or more.
physical properties of Earth's surface and the human societies spread across it.