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Romashka-Z-Leto [24]
3 years ago
15

What is an indicator of increased economic growth in a nation?

Business
1 answer:
babymother [125]3 years ago
5 0

Answer: The gross domestic product.

Explanation:

The gross domestic product is the best measure used to check the performance of a country's economy within a certain period. The gross domestic product of a country is the value of all products and services produced within that country within a period (usually a year). If the gross domestic product of a country is increasing it means an economic growth is being experienced.

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What are the business reasons behind john deere's offshoring of tractor production from the u. S. To other countries?
Yuri [45]

Reasons for shifting production to other countries John Deere is a global leader in the tractor market and its strategic objective is to expand rapidly outside of North America. One of the ways to expand globally is to make the product closer to the target market

Offshoring is the practice of a firm moving its service and production operations to a different nation. A corporation with American roots, John Deere is well recognised for assembling and producing agricultural tractors.

Samuel Allen, the company's CEO, predicts that Offshoring the company's tractor manufacture overseas will boost overall sales to $50 billion by 2018, with half of that amount coming from nations other than the US and Canada. Offshoring production would aid in growing the business to a worldwide scale in addition to boosting revenue.

Due to differences in time zones, the company's production processes and services would be available around the clock. The cost of manufacture would also be reduced by offshore tractor production.

The business would stop paying the costs of transporting tractors from the base production site to foreign nations. The need to exert more control, an effort to reduce risks, and a desire to concentrate on business development are some further justifications for outsourcing.

To learn more about offshoring here,

brainly.com/question/22541228

#SPJ4

8 0
2 years ago
Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is very busy and wants to delegat
Svetlanka [38]

Answer:

B. Not honor the delegation because the contract is based on personal skill.

3 0
3 years ago
. Based on the following data, Accounts payable…………………………………………………..... $62,000 Accounts receivable…………………………………………………. 100,000
Temka [501]

Answer:  $428,000

Explanation:

Given that,

Accounts payable = $62,000

Accounts receivable = 100,000

Cash = 30,000

Inventory = 138,000

Land = 160,000

Common Stock = 200,000

Revenue = 80,000

Dividends = 56,000

Expenses = 40,000

Total assets = Accounts receivable + Cash + Inventory + Land

                     = 100,000 + 30,000 +  138,000 + 160,000

                     = $428,000

3 0
3 years ago
As a business owner, you're responsible for making the decisions that pertain to the profitability of your business. This decisi
kobusy [5.1K]

Answer: Independence

Explanation: Independence can be explained as a state of existence where one's personal decisions, actions or steps does not hinge on another person's approval or acceptance. It could be seen as a state of autonomy where one can personally decide and actions one feels is best for a certain process at a particular time.

As a business owner, one thinks and acts based on one's personal volition of what is best for his or her business without having to sit and discuss with a group of individual's who may habiur different perceptions or scope. This freedom is usually enjoyed by small business owners rather than large groups of companies or corporations.

7 0
3 years ago
In preparing the April bank reconciliation for Oscar Company, it was discovered that on April 10 a check was written to pay deli
aev [14]

Explanation:

The correction of error is shown below:-

Expense of decrease delivery and cash by $9.

Therefore, to correct this error, which affect the cash is undercharged and delivery expenses to be overcharged. So, the company will decrease the delivery expenses and increase cash by $9, it came by deducting the 45 from $54 and recorded amount is 54.

8 0
3 years ago
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