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3 years ago

The Internet has lowered the entry barriers for smaller firms that wish to diversify into international markets. Why is this so

Business

1 answer:

frez [133]3 years ago

7 0

Answer:

Explanation:

The internet has provided these smaller firms with a wide range of tools that allows for this to be possible at almost no cost. Such tools include communication, information, partners, etc. The internet allows smaller firms that do not possess much capital to quickly find international clients, communicate with them, and even close deals with them all through the internet. They can also find logistics partners that will facilitate these international transactions even more. All of this was impossible for a small firm to accomplish before the internet.

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If you walk into a(n) __________, you will likely find a broad variety of merchandise, deep assortment, and customer service, wi

Naily [24]

Answer:

department store

Explanation:

A department store is a type of retailer that offers a wide range of diverse products. Each product group is classified into a department, thus the name "department store". When customers buy products, they usually check out near the exit of the whole department store, although there are some check-out counters in each department. Also, customer service is always present, mostly in the form of numerous sales clerks providing a helping hand.

They can include almost any range of products: toiletries, furniture, home decor, clothes, toys, hardware... Some famous examples are: Le Bon Marché in Paris, Selfridges in the UK, Macy's in the USA...

On the other hand, a discount store usually offers a broad product range, low prices, but little to none customer service. Specialty stores have a narrow target group as they offer a limited assortment.

5 0

3 years ago

________ entails even closer economic integration and cooperation than a common market. Group of answer choices A customs union

Goshia [24]

Answer:

An economic union

Explanation:

Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;

I. Customs union

II. Free trade area

III. Common market

IV. Political union

VI. Economic union

An economic union can be defined as a trade bloc which comprises of both customs union and a common market.

In a common market, there are free movement of the factors of production and no barrier to trade between member countries. Also, a common market establishes a common external trade policy for non-member countries.

However, an economic union entails even closer economic integration and cooperation among member countries than a common market because it combines customs union and a common market.

8 0

3 years ago

How to improve your style of studying any help??

astraxan [27]

I advice you to listen to instramental music or your favorite music to help u focus.

Trust me this works
:)

3 0

3 years ago

Read 2 more answers

Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incur

Nana76 [90]

Answer:

Applied Manufacturing Overheads are $102,000

Overapplied Manufacturing overheads are $18,000

Explanation:

Under or over applied manufacturing overhead can be determined by comparing the actual and applied manufacturing overheads.

Applied overheads can be calculated by multiplying pre-determined overhead rate and actual level of quantity. Predetermined overhead rate is calculated using estimated overhead and estimated activity on which overheads are applied.

In this question the predetermined overhead rate is 120% of direct labor cost.

Applied overhead = Direct labor cost x 120% = $85,000 x 120% = $102,000

Actual overheads incurred = $84,000

Overapplied Manufacturing overheads = $102,000 - $84,000 = $18,000

3 0

3 years ago

At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

erastova [34]

Answer:

Gross profit = $ 3950.

Explanation:

July-3. Dr Merchandise Inventory 1750

Cr Accounts payable 1750

( To record purchase of inventory on account)

July-4. Dr Merchandise Inventory 120

Cr Cash 120

( To record payment of freight charges)

July-9 Dr Accounts payable 400

Cr Merchandise Inventory 400

( To record return of inventory)

July-11 Dr Accounts payable 1750

Cr Cash 1750

( To record payment from wholesale music in full)

July-12.a) Dr Cost of goods sold 2450

Cr Merchandise inventory 2450

b) Dr Account receivable 4700

Cr Sales revenue 4700

(To record sales of goods to a customer)

July-15. Dr Cash 4700

Cr Account receivable 4700

( To record receipt from sale of goods)

July-18 Dr Merchandise inventory 2550

Cr Accounts payable 2550

(To record purchase of inventory on account)

July-22.a) Dr Cost of goods sold 1950

Cr merchandise inventory 1950

Dr Account receivable 3650

Cr sales revenue 3650

(To record sales of goods on account)

July-28 Dr Accounts payable 190

Cr Merchandise inventory 190

(To record purchase return)

July-30. Dr Accounts payable 2550

Cr Cash 2550

(To record paid in full).

2. Income statement

Sales (4700+3650) = 8350

Less: Cost of goods sold (2450+1950) =(4400)

Gross profit 3950

7 0

3 years ago