The true statement out of all is
B) Georgeland has both an absolute and a comparative advantage in producing clothing.
Explanation:
This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.
Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.
Answer:
Louie's total cost is $ 7,625.
Explanation:
Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing is the point in time when the title of the property is transferred from the seller to the buyer. In the above question all cost mentioned in question meet defination of closing cost.\
For more info please refer to below given calculation.
Loan application = $ 400
Attorney fee = $ 500
Appraisal fee = $ 400
Title insurance = $ 1200
Doc Fee = $ 75
Credit fee = $ 50
Fee and interest = (250000*0.02)= $ 5000
Adding all above we get $ 7,625.
Answer: $135,950
Explanation:
Given the following
List price = $125,000
2% discount if payment is made within 10 days
Sales tax = $6,250
Installation charges = $2,200
Concrete slab = $5,000
Total sales = [(100 - 2)% × list price] +sales tax + installation charges + concrete slab
Total sales =( 98% × 125,000) + 6250 + 2200 + 5000
Total sales = $(122,500 + 6250 + 2200 + 5000)
Total sales = $135,950
Answer:
Time Enough is a question mark.
Explanation:
In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.
Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.
Answer: 3. Sales Promotion
Explanation: Sales Promotion is a promotion mix strategy to entice consumers to particular product. it includes the issuance of discount on selling price, contest etc.