Answer:
The correct answer is "communism system"
Explanation:
The communist system is a political and economic ideology postulated principally by Karl Marx. Where the nation is in contradiction to the liberal democracy and capitalism, promoting alternatively a classless system and the private property doesn´t exist. There are a lot of restrictions on freedom of assembly and freedom of speech, because the government seeks to have the system under control and cannot allows alternate ideologies that undermine its mandate.
Answer:
Industrial Analysis.
Explanation:
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.
Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.
Answer:
a. The cost of producing additional unit of output
Explanation:
Marginal cost refers to the extra cost incurred to produce additional unit of output or service.
Often times production or manufacturing companies tends to produce more units of outputs maybe to meet recurrent demand. The cost expended in the production of such extra units of output is called marginal cost. It is computed as change in the cost of producing additional goods divided by change in the number of goods produced.
Answer:
Net delivered cost of purchase $58,411
Explanation:
<u>Computation of net delivered cost of purchase.</u>
<u>Particular Amount</u>
Purchases $56,211
Freight In $3,000
$59,211
Less: Purchases Returns $500
<u>Less: Purchases Discounts $300 </u>
<u>Net delivered cost of purchase $58,411</u>
There are three ways to cope up with the problem of scarcity:
a. Economic growth.
b. Improvement of use of available resources.
c. Reduction of wants.
Explanation: Economic growth mean the ability if an economy to produces products and services. Using the products wisely can improve the usage and helps in saving the resources. Society can improve the use their existing or available resources in order to reduce the scarcity by: Efficiency in productivity, efficient allocation of resources, full employment with minimum wastage and equity.
