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Elan Coil [88]
3 years ago
9

2. The European Union and the United States are trading partners. (a) If the current account balance is zero, will an increase i

n United States real income result in a current account surplus, deficit, or no change
Business
1 answer:
nalin [4]3 years ago
3 0

Answer: Deficit

Explanation:

The current account shows the difference between imports and exports as well as net income from outside.

If this balance is zero, it means that imports are equal to exports and income sent abroad equals income recovered from abroad.

If real income in the US was to increase, people would demand more goods and services including more imports. This will shift the current account to a deficit as the imports will surpass the exports.

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Small business owners usually invest little money into new marketing strategies because
aleksandrvk [35]

The answer is:  many small business owners invest money into other areas of the business.

Small business usually still struggle in paying all the necessary expense for daily operation. So they cannot afford the marketing strategy that require a lot of capital (such as  magazine, billboards, television, etc.).  Business start to put more into marketing strategies when it inteded to be a player in a large market.

6 0
3 years ago
Read 2 more answers
\Select the three generic business strategies Porter identified for entering a new market. Multiple select question. Focused lea
Dahasolnce [82]

broad differentiation, focused strategy, and broad cost leadership are the three Generic business strategies Porter identified for entering a new market.

<h3>What are Generic business strategies?</h3>

A Generic business-level strategy is a broad approach to a company's positioning within a sector. Executives can concentrate on the essential components of business-level plans by focusing on generic strategies. The most widely used set of generic strategies is derived from the work of Harvard Business School Professor Michael Porter.

The foundation of any business-level strategy, in Porter's opinion, is two competitive dimensions. The first factor is the source of competitive advantage for a company. This factor examines whether a company seeks to outperform competitors by cutting costs or by providing a niche product.

The range of a company's operations is the second factor. This aspect pertains to whether a company tries to target clients generally or whether it only aims to draw in a certain customer demographic.

These choices lead to the following four general business-level strategies:

  • Broad cost leadership,
  • Broad differentiation,
  • Focused cost leadership,
  • Focused differentiation.

To know more about Generic business strategies refer to:  brainly.com/question/27403764

#SPJ4

8 0
2 years ago
Read 2 more answers
Tentacle Television Antenna Company provided the following manufacturing costs for the month of June.
Luden [163]

Answer: Tentacle's total fixed costs are: $65400.

Explanation: The fixed components of the information provided by Tentacle Television Antenna Company are:

-Janitor's salary $4000

-Property taxes $15000

-Equipment depreciation (straight-line) $22000

-Factory insurance $14000

-Factory manager's salary $10400

So: 4000 + 15000+ 22000 + 14000 + 10400 = <u>$65400.</u>

8 0
3 years ago
Shortcomings definition of economic​
attashe74 [19]

Explanation:

the study or principles of the way money, business and industry are organized

6 0
3 years ago
U.S. businesses are known for their technological advances and their ability to implement change true false
Andrej [43]

Answer:

U.S. businesses are known for their technological advances and their ability to implement change;

True

Explanation:

The united States can be described as the pioneer in the free market economy. The free market economy generally means that private businesses control how the market behave with little interference from the government. This allows market forces of supply and demand to take precedence in deciding market prices of goods and services. For example, when the demand for a certain good or service exceeds the supply, the price of that particular good will rise. On the other hand, when the demand for a particular good or service is lower than the supply, the price of the good or service drops. The equilibrium price is the price where the forces of demand and supply balance.

The free market system relies majorly on competition between businesses. Economist like Adam Smith postulated that if a free market runs it's course without interference, the equilibrium price will be ultimately reached. Since in a free market there is a lot of competition, most businesses will have an incentive to improve their technology and also adapt to change faster to gain competitive advantage over it's peers.

7 0
3 years ago
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