Answer:
It will initiate a trade war between countries.
Explanation:
When international rivals compete in the multi-country or global market, they usually show aggressive behaviour that initiates trade war between them and the countries. In order to compete in the market and to compete against each other, the rivals show aggressive behaviour in terms of profit and cost margins that helps the buyers to buy commodities of good quality and at low prices.
The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875
Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750
fixed cost=120,000−93,750=26,250
Answer:
D) licensing
Explanation:
Licensing is when a company gives another company legal permission to manufacture it's own products in return for a specific payment. It can also apply to a service business like fast food or hotel(hospitality service).
Answer:
1.The first one is Total Quality Management(TQM)
2.The second one is E-Commerce
3.The third one is Enterprise Resource Planning(ERP)
4.The fourth one is Just-In-Time(JIT)
Explanation:
Total Quality Management is an managerial approach where customer satisfaction is seen as topmost priority by ensuring zero tolerance for defects and wastage.It is an approach of get it right the first time as there is no room for second attempt.
E-Commerce involves engaging customers through the internet instead of usual physical contact and presence. Using e-commerce channels afford a business the opportunity to reach a wider customer base locally and internationally.A typical example is Amazon.
ERP integrates all functions of the organization in such a way that all information relating to the organization can be found in one single system.
JIT is an approach to eliminate inventory in an organization,hence order is placed only when an item of inventory is required.
Answer: The following statement is false: <u><em>A consumer is indifferent among all consumption bundles along a given budget line.</em></u>
<u><em>Reason:</em></u> A consumer is not indifferent among all consumption bundles along a given budget line since different consumption bundles yield different utility and thus do differ in preference as well.
Let's assume a budget line: px +py ≤ m
Now, let's consider two different consumption bundle A(
,
) and B(
,
)
We can plot them on a graph and compare the difference in regards with the above answer.
Both of these consumption good might be on the budget line but will lie on different indifference curves and thus will yield different utility.
