Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
Self employment is challenging for a number of reasons. From an accountability standpoint, you have nobody to answer to but yourself - but you also don't have anyone pushing you but yourself. From a financial standpoint, you are now responsible for many things that a traditional employer would handle (health insurance, taxes, retirement, etc). And while you are managing all of the logostical angles, you still need to manage to run your actual business.
Answer:
Backward Integration
Explanation:
What All Needs Inc. did by producing its own Soap with label "All wash" instead of Soapsuds's product is called Backward integration.
Backward integration refers to the process of vertical integration in which a company enlarges its role to fulfill tasks that are formerly completed by businesses in the supply chain. In other words, Backward integration is when a company buys another company that supplies the products or company decide to establish a subsidiary to perform tasks of producing something it use to get from a supplier chain . Backward chain is a known competitive strategy. It can also mean buying part of the supply chain that occurs prior to the company's manufacturing process
Answer: The cartel's determined price equals the marginal cost of the product sold.
Explanation: A cartel is a group of persons or firms acting in their own interest,they agree on certain terms like price and profit do the very best to achieve it.Most cartel don't tolerate failures or boycotts from it's members.
In the case highlighted,the cartel works to ensure joint maximization of profit,an individual firm acting in its own interests has an incentive to expand production up to the point where it's marginal cost is equal to the price as agreed by the cartel. Failure to honor this rule will lead to some negative consequences from the cartel and a loss on the part of the firm.
This is a kind of economic policy used to contest inflation which includes decreasing the money supply in order to raise the cost of borrowing which in order decreases GDP and reduces inflation. This leads to disinflation and creates the short-run Phillips curve move to the left. So the answer is A.