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Rus_ich [418]
3 years ago
6

Discuss two shortcomings of using Gross Domestic Product as the primary measure of a country’s economic performance.

Business
1 answer:
Stolb23 [73]3 years ago
6 0
The exclusion of non-market transactions. The failure to account for or represent the degree of income inequality in society. The failure to indicate whether the nation's rate of growth is sustainable or not.
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Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu
Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.

In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.

Cheers.

6 0
3 years ago
Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake 28 coo
PIT_PIT [208]

Answer:

Option (c) is correct.

Explanation:

Stephen can move 70 boxes or bake 28 cookies:

Opportunity cost of moving a box = (28 ÷ 70)

                                                         = 0.4 cookies

Opportunity cost of baking a cookie = (70 ÷ 28)

                                                         = 2.5 boxes

LeBron could move 24 boxes or bake 6 cookies:

Opportunity cost of moving a box = (6 ÷ 24)

                                                         = 0.25 cookies

Opportunity cost of baking a cookie = (24 ÷ 6)

                                                             = 4 boxes

Yes, trade is possible.

Stephen has a comparative advantage in baking cookies because of the lower opportunity cost than LeBron, so he is specialized in baking cookies.

On the other hand, LeBron has a comparative advantage in moving boxes because of the lower opportunity cost than Stephen, so he is specialized in moving boxes.

3 0
4 years ago
Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 30,000 units. Company poli
densk [106]

Answer:

Merchandise purchases budget explanations only.

Explanation:

Hi, your question has missing information, however i have supplied explanations below.

A purchases budget is required to determine the quantities of purchases required for :

  1. Resale - For Merchandisers
  2. Use in Production in case of Manufacturer

Here is the structure of the merchandise purchases budget for Walker Company (Merchandiser).

<u>Merchandise purchases budget </u>

                                                                       Month

Budgeted Sales                                                  x

Add Budgeted Inventory                                   x

Total Purchases needed                                    x

Less Budgeted Opening Inventory                  (x)

Budgeted Purchases                                          x

As stated by the question : <em>Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.</em>

<em>Ending Inventory = Next months` sales x required percentage</em>

Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.

5 0
3 years ago
A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock
Alona [7]

Answer:

$1 par value

Explanation:

The computation of the par value of the stock after the split is given below:

= $200,000 ÷ (100,000 × 2 )

= $200,000 ÷ 200,000

= $1 par value

Hence, the par value of its stock after the split is $1 par value

We simply divide the balance by the number of outsanding shares so that the par value could come

5 0
3 years ago
Product modification occurs even when changes are made to a product's aesthetic appearance rather than its quality and functiona
Rainbow [258]
False :
because a product modification occurs when changes are made in how the product functions, its quality, or some aesthetic characteristic of the product.
(Here it’s says only the aesthetic but it’s all)
8 0
3 years ago
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