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vova2212 [387]
2 years ago
7

When a smaller country with fewer resources specializes its production and gains access to larger, international markets, this c

an create
Business
1 answer:
KATRIN_1 [288]2 years ago
6 0

Answer:

Economies of scale.

Explanation:

In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.

This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.

Generally, economies of scale arise when a smaller country with fewer resources specializes its production and gains access to larger, international markets. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.

Hence, when a smaller country with fewer resources specializes its production and gains access to larger, international markets, this can create economies of scale.

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2 years ago
An income statement for Tommy's Bookstore for the first quarter of the year is presented below: Tommy's Bookstore Income Stateme
Semmy [17]

Answer:

Contribution margin = $200,000

Explanation:

As per the data given in the question,

Contribution margin = Sales - Variable expense

Number of books = $880,000 ÷ $55

=16,000

Gross margin  = 340,000

Variable selling expenses = 16,000 × $6

=$96,000

Variable administrative expense = $880,000 × 5%

=$44,000

Total = $96,000 + $44,000

= $140,000

Contribution margin = $340,000 - $140,000

= $200,000

7 0
2 years ago
According to your text, the practices that do most to promote employee engagement are opportunities for career progress, recogni
Amiraneli [1.4K]

Answer: Brand alignment

Explanation:

 The brand alignment is one of the simplest way of development the new products and the services and also makes the marketing strategies more effective in an organization.

According to the given text, the practices are basically promoting the different types of opportunities for the purpose of career progress and also the brand alignment.

The main importance of the brand alignment is that we can easily represent our company brand to the client and also provide the internal consistent in the market.    

 Therefore, Brand alignment is the correct answer.

7 0
3 years ago
How do most real estate agents get paid?
Alchen [17]

Answer by JKismyhusbandbae: They get paid due to the amount of houses they sell and how big and worth the house is. Although real estate agents make money through commissions paid directly to brokers when transactions are settled.

8 0
3 years ago
"At High Flyer Airlines, managers rate their subordinates on a continuum from 1 to 7. A score of 1 indicates unsatisfactory perf
Vladimir [108]

Answer:

<h2>The answer,in this case would be <u>Graphic Rating Scale or Likert Scale</u>.</h2>

Explanation:

  • In a statistical research study,rating scale or likert scale is used indicate the intensity of magnitude of any variable or phenomenon related to the concerned research topic.
  • Rating scale or likert scale is commonly used in statistical research methods such as surveys or questionnaire where various options are presented to the respondents or participants and a corresponding numerical value associated with each response options.
  • The response options are scaled or ranked numerically according to the intensity or magnitude of the variable or the phenomenon which is included in the survey or questionnaire question.
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3 years ago
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