Answer: When individuals and businesses are permitted to trade freely over a larger market area, they are able to produce a higher quantity of output and bring in different products.
Explanation: When businesses and individuals trade with one another, they are able to receive more items that they may not have been able to produce themselves. Trading freely allows for more people to have the opportunity to use other products that they can't make in their own country/state.
Answer:a joint venture
Explanation:Joint Venture can be described as a business arrangement, wherein two or more independent firms come together to form a legally independent undertaking, for a stipulated period, to fulfil a specific purpose such as accomplishing a task, activity or project. In other words, it is a temporary partnership, established for a definite purpose, which may or may not uses a specific firm name.
Objectives of Joint Venture:
To enter foreign market and even new or emerging market.
To reduce the risk factor for heavy investment.
To make optimum utilisation of resources.
To gain economies of scale.
To achieve synergy.
Answer:
The correct answer is:
ANOVA test
Explanation:
The ANOVA test is the simplest way to be able to analyze several groups of quantitative variables. This test checks if the hypothesis of the previous information works the same way for the different population samples. The ANOVA also looks for the importance of the compared variables that are being examined, in order to establish a scale of the different levels in the characteristics being checked.
