"Factor of Production" is the force that combine to make the production of products and services possible.
Explanation:
Factor of production involves land, labor, capital, and entrepreneurship.
Land:
The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.
Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.
Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.
Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.
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:
Create Invoices > Receive Payment > Make Deposits
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
After successfully initiating, processing and execution of a sales transaction, the following are important to consider.
To record a sales transaction, use:
1. Create Invoices: a sales invoice is defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
2. Receive Payment: after filling out the sales invoice, the cashier is expected to receive cash or any other form of payment made available to the customer as a medium of payment. At this stage, the cashier or sales representative should ensure the payment is confirmed to be complete and we'll received.
3. Make Deposits: the cashier then goes ahead to record the sales transaction in balance sheet of the organization, after the customer has successfully paid for the service being provided or received.
In a nutshell, for a number of sales the above mentioned steps should be followed by sales persons or cashiers judiciously after all transactions are done.
B he wants to own his own business so he should study business
Answer: Expected return of the portfolio = 14,70%
Explanation: First we must add the amounts to calculate the total capital:
1000 + 7000 + 6000 + 6000 = $20000
The performance of a portfolio is given by the sum of each individual expected return weighted by its weight in capital.
Therefore we must calculate the weight (w) of each type of action:
W (apple) = 1000 / 20000 = 0,05
W (microsoft) = 7000 / 20000 = 0,35
W (ford) = 6000 / 20000 = 0,30
W (time warner) = 6000 / 20000 = 0,30
Expected return of the portfolio : (0,1050 . 0,05) + (0,1690 . 0,35) + (0,1575 . 0,30) + (0,1180 . 0,30) = 0,14705 = 14,70%
