<span>This is an example of a cost of international trade. This can make it so that some domestic businesses lose their market share to foreign companies. This can create less profits for the company and made it so that it is difficult to create jobs.</span>
The factor of increase in the money supply that occurs with each dollar of increase in reserves is called money multiplier.
<h3>What is money multiplier?</h3>
Money multiplier determines how much money would increase when there is a change in the reserves. The money multiplier is a function of the reserve requirement. The reserve requirement is the percentage of deposits that must be kept as reserves with the Central Bank.
Money multiplier = 1 / reserve requirement
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Answer:
The amount of revenue for the month of July amounts to $1,475
Explanation:
Revenue is the income or the revenue which the business has from the normal activities of the business, mostly from the sale of the goods and the services to the customers. It is acknowledged as the turnover or sales.
So, the transactions which generate the revenue in the following month are:
Received or collected cash from customer for the services worth $1,000
Service is provided worth $475 to the customer on credit
These two transactions are the revenue, therefore, the total amount of revenue is $1,475 ($1,000 + $475).
The most accurate statement about marketing is that <u>B) It can help </u><u>create jobs </u><u>in the </u><u>economy </u><u>by </u><u>increasing demand </u><u>for </u><u>goods </u><u>and </u><u>services</u><u>.</u>
Marketing refers to the various methods a company is able to advertise itself and its products such that more people will becoming interested in it thereby leading to an increase in demand for their goods and services
If this happens to a company, they will be able to make more profit which will allow them to expand. Expansion needs more employees to work so the company will have to hire more people thereby creating jobs in the economy.
Other options are wrong because:
- Marketing is always important, even when goods are standardized
- Marketing has an impact on the intangible assets of a company especially goodwill
- Marketing is more important to smaller firms than larger ones
In conclusion, marketing leads to increased employment in an economy.
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<u>Options for this question include:</u>
A) It is of little importance when products are standardized.
B) It can help create jobs in the economy by increasing demand for goods and services.
C) It helps to build a loyal customer base but has no impact on a firm's intangible assets.
D) It is more important for bigger organizations than smaller ones.