The existence of trade for country that has developed an expertise or reputation for quantity in the production of a particular good is best explained by <u>"acquired comparative advantage".</u>
A few business analysts make a distinction among natural and acquired comparative advantages. A natural comparative advantage exists inside a nation that has regular assets that are required to create an item, while a procured near favorable position is the favorable position picked up by an individual or a nation by investing a great deal of energy or assets delivering an item. For example, Saudi Arabia has a a natural comparative advantage with its tremendous stores of oil. (Saudi Arabia additionally has an outright favorable position in oil, since the expense of its extraction is not exactly somewhere else.) Since Saudi Arabia has couple of different assets, without exchange, it would be amazingly poor; in view of exchange, it is to a great degree affluent. Japan, then again, has couple of normal assets, yet it has an acquired comparative advantage in its assembling and business know-how, which it has created throughout the years.
Answer:
Correct Answer:
2. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons.
3. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute.
1. Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day.
Explanation:
In enforcement of specific performance is applied in situations where there there is an established contract that has was not honored. This bridge of contract would then trigger performance enforcement.
Answer:
Explanation:
The concept of ethical marketing refers to the way in which companies and / or enterprises market their goods and services: the focus does not only revolve around the benefits of their offer for customers, but also on how they impact on causes and / or responsible actions with society and / or the environment ..
Answer:
C. budgeting
Explanation:
The main components of money management that involve creating a plan for spending and saving during particular periods, such as a year, month, or week is known as BUDGETING
Budgeting is a part of the components of money management. It is an act of estimating the total expenses and income that deals with establishing a plan for spending and saving and usually gathered and regularly re-examine, including yearly, monthly, or weekly
No, it depends on the company.
