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3 years ago

Which of the following is an example of specialization?

Business

1 answer:

monitta3 years ago

5 0

Answer:

An example of specialization is;

A. Because of the high cost of labor, American companies have stopped most steel production and now import steel from other countries

Explanation:

Specialization in business is the strategy to focus on the production of a limited number of products or services based on comparative advantage, availability of resources and to improve efficiency, with the outcome of specialization include maximum possible productivity, advanced expertise, capacity for leadership in a field

The capital and labor intensive production of steel will make steel production at a location where labor cost is high less profitable than making the steel at a low labor cost location

The location of lower labor steel production that produces steel, is specialized in steel production, when it now supply steel to other locations where it costs less to buy than to produce steels.

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When mik has an absolute advantage in the production of two goods over tommy, mik?

Vesna [10]

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.

6 0

3 years ago

All of the following are steps to help you be a good problem solver except:

andriy [413]

I would say that all of the following are steps to help you be a good problem solver except B and C. You need to define the problem and then set about creating solutions. For example, if it is becoming too expensive to haul ore out of an open pit because it its too deep so the haulage costs are prohibitive, then a potential solution involves decreasing haulage costs by shortening the haul which can be resolved by extending in pit conveyors and crusher down close to the ore deep within the pit.

4 0

3 years ago

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A firm has negotiated a seasoned equity offer that will provide the firm with $1.68 million in net proceeds. The underwriting sp

Ivahew [28]

Answer:

The correct answer is $36.27

Explanation:

Amount of net proceeds is $1,680,000. Number of shares to be issued is 5,000. Underwriters charge the spread at 7.35%.

Hence, 100% of the amount should cover $1,680,000 and the underwriter charges. Hence, the total amount required to be raised is more than $1,680,000.

Step 1: Calculate the amount to be raised.

Amount Needed = Amount to be raised by selling shares x (1 - Underwriters' Charge)

1,680,000 = Amount to be raised by selling shares x (1 – 0.0735)

1,680,000 = Amount to be raised by selling shares x 0.9265

Amount to be raised by selling shares = 1,680,000 / 0.9265

Amount to be raised by selling shares = 1,813,275.77

Step 2: Calculate the offer price.

Offer Price = Amount to be raised by selling Equity / Number of shares need to be sold

Offer Price = 1,813,275.77 / 50,000

Offer Price =$36.27

Therefore, the correct answer is $36.27

4 0

3 years ago

The art and science of choosing target markets and building profitable relationships with them is called ________.A) marketing m

natima [27]

Answer:

A) Marketing Management

Explanation:

According to my research on different business techniques and strategies, I can say that based on the information provided within the question this type process is called Marketing Management. Like mentioned in the question it involves planning and executing, pricing, promotions, relationships, etc in order to expand a business and achieve organizational goals.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

3 years ago

Last year Ace charged $3,144,667 Depreciation on the Income Statement of Andrews. If Ace sold a fully depreciated piece of equip

tatiyna

Answer:

Just impact the balance sheet

Explanation:

The amount to be recorded in the statement of cash flow relating to the disposal is the actual cash collected,at any rate,the cash received would be an additional inflow in the year,hence it is an increase in cash flow.

The impact of the above transaction would neither increase nor decrease the cash flow from operations since disposal of non-current asset is an investing activity item and no depreciation is charged in the current year

The correct option is just impact impact the balance sheet by crediting equipment account and debiting accumulated depreciation as well as debiting loss on disposal

5 0

3 years ago

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