Answer:
Intra-Industry Specialization
Dynamic Comparative Advantage
Product Life Cycle Theory
Explanation:
Ice wine is a special spirit that can only be made during a few months in the winter. The nations of Fruzenton and Grappovia are in different hemispheres, and each produces ice wine. During each nation’s winter, its ice wine industry produces enough to meet domestic demand and export to the other country. The ice wine exchanged between the two nations is nearly identical. Intra-Industry Specialization
For many years, the nation of Stilettopia’s high-heel shoe producers have struggled in the international market because strict labor laws have made it hard to get productivity out of Stilettopians. In an effort to stimulate its industry, legislators in Stilettopia approve a bill that reduces the minimum wage and extends the number of hours shoe laborers can work in a day. Once the new policies take effect, Stilettopian high-heel shoe makers have lower costs than international competition and are able to reduce prices to the point that there is demand to export their shoes. Dynamic Comparative Advantage
Since the turn of the century, nearly all X-ray machines purchased by hospitals have been made in Alloway. However, engineers in Osteoville recently designed an X-Ray machine that produces much more accurate results, leading to fewer malpractice cases and more reliable diagnoses. These new X-ray machines quickly become the industry standard. As a result of this, the production of X-ray machines is thriving in Osteoville, while firms in Alloway lose market share and begin trying to develop a new source of advantage Product Life Cycle Theory
Answer:
The 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Explanation:
Suppose the factor for variation in hourly demand is 2 So the average hourly demand is given as
Average Hourly Demand=Factor x Average Daily Demand
AHD=2 x 18000 m3
AHD=36000 m3
For the first pump
The Quantity in storage tank is 3975 m3
So the amount of pumping required is
For this value the pump will work for following hours
So the pump 1 can complete the demand of the town by working for 18.3 hours.
Now in order to complete the demand, the second pump is given as
For this the pump will work for as
So the pump 2 requires 16 hours to complete the demand of the town.
Here it is important to note that the realistic demand of the water can vary from the average value and thus when there is a drastic requirement of water in certain cases, the pump 2 will fail. Also pump 2 has to be run continuously and will produce excessive water which will be wasted if the hourly demand is less than that of the production value.
In context of this, the 1st plant with a storage reservoir is a better option as compared to that of the 2nd plant.
Operating ratio-measures the portion of operating revenue that goes to operating expenses, only revenue and expenses generated from passenger and freight transportation are considered
(operating expenses/operating revenue)*100
load factor-measures the percentage of a plane's capacity that is utilized,
(number of passengers/total number of seats)*100
All pilots should be interested in weight and balance control. The two changeable factors that can alter an aircraft's total weight and CG location are loading and fuel management, both of which are under the control of the pilot.
The owner or operator of the aircraft should guarantee that the pilots have access to current information and that the proper entries are made in the records when repairs or modifications are completed. The CG is altered as a result of equipment removal or addition.
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Answer:
competition-oriented
Explanation:
Four common approaches to selecting an approximate price level are (1) demand-oriented, (2) cost-oriented, (3) profit-oriented, and (4) competition-oriented approaches
Answer: Work plan
Explanation:
A work plan is a step by step procedure used by an individual/organization to enable them effectively achieve their objectives.
A business research project is an extensive study done on a business, to obtain ways of improving the business and increasing sales.
For a business research project to be effectively conducted, a work plan that outlines steps to be taken should be created and strictly followed.
