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3 years ago

Which term describes a situation in which one country can produce a product

Business

2 answers:

puteri [66]3 years ago

5 0

Answer:

B. Comparative advantage

Explanation:

Comparative advantage is when a country or company can produce goods using fewer resources compared to its rivals. It means the product will cost much less when produced by the country with a comparative advantage.

A comparative advantage means that a country will produce more output of a product when using similar inputs as rivals. The country or company can, therefore, avail the product in the market at a lower cost. Other countries stand to gain when importing products from countries with a comparative advantage than when they manufacture.

DIA [1.3K]3 years ago

5 0

Answer:

B. Comparative advantage

Explanation:

Just got it right on my quiz!

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Ouzts Corporation is considering Alternative A and Alternative B. Costs associated with the alternatives are listed below:Materi

Nostrana [21]

Answer:

$(24,500)

Explanation:

Considering Alternative A

Given the following associated cost;

Materials costs = $44,000

Processing costs = $40,600

Equipment rental = $14,200

Occupancy costs = $16,300

Total cost = $44,000 + $40,600 + $14,200 + $16,300

= $115,100

Considering Alternative B

Given the following associated cost;

Materials costs = $60,800

Processing costs = $40,600

Equipment rental = $14,200

Occupancy costs = $24,000

Total cost = $60,800 + $40,600 + $14,200 + $24,000

= $139,600

Financial advantage (disadvantage) of Alternative B over Alternative A

= $115,100 - $139,600

= $(24,500)

4 0

3 years ago

Pizza Hut lowers the price of its pizza. The price elasticity of demand for Pizza Hut pizza equals 0.3. What happens to the Pizz

Ilia_Sergeevich [38]

Answer:

It decreases.

Explanation:

If the absolute value of price elasticity of demand is less than one, it means that demand is inelastic.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

If the pizza hut reduces its price, there would be little or no change in quantity demanded. As a result, revenue would fall.

If demand were elastic, a reduction in price would lead to an increase in the quantity of pizza demanded and revenue would increase.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

I hope my answer helps you

4 0

4 years ago

Read 2 more answers

To help with hiring decisions during peak seasons and holidays, Touching Cards uses time-series forecasts, like sales from last

Marysya12 [62]

Answer:B. Seasonal trend.

Explanation:

It's a decision based on historical data of what during a particular events or time period to predict future performance.

4 0

3 years ago

What is one of the biggest challenges when companies are committed to sustainability?.

MrRissso [65]

Making the business case is one of the biggest challenges when companies are committed to sustainability. As sustainability is the better because it takes the business in a long run.

<h3>What are the cause of sustainability of business?</h3>

As the modern world, the risk of taking business in a long run becomes difficult because frequently change in technologies and trends of business.

Some challenges of sustainability are Loss of trust in the global corporation, Transparency is the new norm, Rapidly growing inequality, increased hazards and risks to business.

Thus, Making the business case is one of the biggest challenges

For more details about sustainability of business, click here:

brainly.com/question/25713190

#SPJ1

5 0

3 years ago

Jane Leeves declared voluntary Chapter 7 bankruptcy. The trustee included the following property in her bankruptcy estate: • Jan

iragen [17]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

3 0

4 years ago