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Kamila [148]
3 years ago
7

Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to

know how much customers will be willing to pay and under what circumstances. Conduct a scientific experiment. Access traditional sources and electronic sources. Conduct primary research for firsthand information. Routine tasks often require informal research methods.
Business
1 answer:
siniylev [52]3 years ago
4 0

Answer:

:Conduct a Scientific experiment

Explanation:

From the question, we are given an instance, whereby Your division has been asked to compile a recommendation for the price point for an innovative software application. You need to know how much customers will be willing to pay and under what circumstances. In this case you need to

Conduct a scientific experiment. An experiment can be regarded as

a procedure that is been carried out so that an hypothesis can be validated or refuted. It gives an insight about cause-and-effect so that the outcomes can be known if some of the favors in the experiment is manipulated.

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If the world price of textiles is higher than Vietnam’s domestic price of textiles without trade, then Vietnam Select one: a. ha
olya-2409 [2.1K]

Answer:

has a comparative advantage in textiles.

Explanation:

Comparative advantage occurs when a particular country has the capability to produce a particular product at a lower cost than any other country.

If a country is capable of producing a particular product at a reduced cost this will lead to an increase in demand for such product thereby leading to an increase in the revenue.

Vietnam has a comparative advantage in the production of textiles because they are able to produce it at a low opportunity cost.

4 0
3 years ago
Read 2 more answers
Trade between nations can be mutually beneficial if one country has:.
SIZIF [17.4K]

Trade between nations can be mutually beneficial if one country has a comparative advantage.

<h3>What do you mean by a comparative advantage?</h3>

The model of comparative advantage is one of the basic concepts that underlies the theory of international trade and shows that countries tend to specialize in the production and export of those goods that they manufacture at a relatively lower cost than the rest of the world.

Those that are comparatively more efficient than others and that tend to import goods in which they are more inefficient and therefore produce with costs that are comparatively higher than the rest of the world.

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6 0
2 years ago
The source of the _ for loanable funds is saving. demand supply market interest rate The source of the _ for loanable funds is i
Vsevolod [243]

Answer:

The source of the <u>supply</u> for loanable funds is saving.

The source of the <u>demand </u>for loanable funds is investment.

The <u>interest rate</u> represents the price of a loan.

Explanation:

Note: The question is merged together and it is first separated before answering the it as follows:

The source of the _ for loanable funds is saving. Options are: demand, supply, market, or interest rate.

The source of the _ for loanable funds is investment. Options are: interest rate, market, supply, and demand.

The _ represents the price of a loan. Options are: interest rate, loan term catch-up effect, or rate of inflation.

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The process through which borrowing occur is described by the market for loanable funds. In the market, what determines the supply of loanable funds is the amount of savings. The determinant of demand for loanable is the investment an individual wants to carry out.

The market is therefore market where suppliers of loanable funds and investors who need loanable funds meet. The interaction between the savings of the supplier and investment of the  borrowers therefore determines the interest rate which is the price and the amount of loan.

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