Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable
Answer:
The answer is e. growing
Explanation:
The reason international business will continue to grow is because no nation can meet all its needs by itself. There will always be importation and exportation. This is where Comparative Advantage comes in.
What is comparative advantage?
- Simply put, this is the ability of a company or an economy to produce and sell goods and services at a lower price than its competitors, and still realize a larger sales margin. This theory was introduced by the English political economist David Ricardo in 1817.
Another reason why international trade will continue to grow is because of Absolute Advantage.
- Absolute advantage refers to the ability of an economy or a company to produce more or better goods and services than its others.
Let us assume that country A cannot produce its own oil, but country B can. In this scenario, country B has Absolute advantage over country A, therefore country A will naturally import oil from country B regardless of whether there are trade restrictions between them. This is because country A must fulfill its oil needs whether it likes it or not.
Answer:
Depreciation expense for 2021 will be $14700
Explanation:
The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,
Depreciation expense = (Cost - Residual value) / Useful life of the asset
Depreciation expense = (81000 - 7500) / 5
Depreciation expense = $14700
Answer:
The contingency perspective assumes that the external environment is constantly changing, whether due to competition or customer preferences, while the evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.
a. contingency perspective
b. Evidence based management
Explanation:
Management can be defined as the act of planning, directing and controlling people and resource to achieve set organizational goals. There are different perspectives of management. Some of the examples of management perspectives are; contingency perspective and evidence based management. They are further explained below;
a. Contingency perspective
The contingency perspective is a management theory that seeks to provide management solutions to the problems by examining the context of the problems. It involves assessing the external environment that coming up with a management solution that fits the problem. The external environment can be defined as anything outside the organization or the business that can affect the management of that organization or business. They include factors like; competition and customer preferences. Since the external environment is always changing, new and more efficient management techniques also need to be adopted as opposed to having one rigid management perspective. The contingency perspective has the advantage of learning from situations and utilizing the solutions that worked on similar problems in the future.
b. Evidence based management
Evidence management should be on the basis of critical thinking and the best method available considering accessible evidence. The evidence has to be factual data that can be used to formulate a hypothesis. Evidence always involves scientific research or something that is gained through experience that can be used to validate a claim. In the business world, most managers don't rely heavily on the evidence, rather they make their decisions based on evidence and best practices that have worked for other managers in the same situation. Evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.
Answer:good question. Wait for the answer
Explanation:
