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3 years ago

Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of _____.

1 answer:

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There are lots of government practices. Legal and political practices such as quotas, tariffs, and business practice laws fall under the larger category of protectionism.

<h3>What is protectionism?</h3>

Protectionism is known to be a type of policy that is often applied in protecting domestic industries against any kind of foreign competition through the use of tariffs, subsidies, import quotas, etc.

A common example of protectionism is simply the Common Agricultural Policy (CAP) of the European Union. The European Union is said to often imposes an amount of tariff rates on a lot of agricultural markets.

Learn more about political practices from

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A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken

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Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

Explanation:

Increasing the productive structure of a firm must be carefully planned. There needs to be demand and take into account the expectations of the economy. When a company increases its structure over an inadequate period, the strategy can be fatal, as firms typically go to great lengths to make investments. In the case described, the company now has an idle capacity, ie does not use all its productive infrastructure. This is compounded by the moment of narrated economic crisis. In this situation, the company is most likely to promote price incentives through discounts to stimulate demand for washing machines. Thus, the employer gets a breath to maintain its activities until the economy recovers and she can use all the installed capacity.

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3 years ago

ndicate whether each of the following costs should be classified as a product cost or as an SG&A cost in accordance with GAA

Leokris [45]

Answer:

Explanation:

The product cost is a combination of direct material cost, direct labor cost, and the manufacturing overhead cost. The manufacturing overhead cost is an indirect cost which is related to the factory expenses.

And, the SG&A cost is a sales, general ,and admin costs incurred to advertise the company's products so that it can accomplish its sales targets which can build a good reputation in the market.

So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

Indirect labor used to manufacture inventory. = Product cost

Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

Research and development costs incurred to create new drugs for a pharmaceutical company. = sales, general ,and admin costs

The cost of secretarial supplies used in a doctor’s office. = sales, general ,and admin costs

Depreciation on the office furniture of the company president. = sales, general ,and admin costs

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3 years ago

The process of lengthening a customer's lifetime value over time is ________. a cross-promotional marketing b cause-related mark

oksano4ka [1.4K]

<span>The process of lengthening a customer's lifetime value over time is called the longevity effect. The longevity effect helps businesses earn money from customers that continually come back to buy more products. For this reason, it is important to nurture relationships with customers and keep them satisfied.</span>

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3 years ago

A truck rental company rents a moving truck for one day by charging $ 34 plus $ 0.05 per mile. Write a linear equation that rela

lara [203]

Answer:

C = 0.05*x + 34

Explanation:

There are several ways to approach this problem. However, we will follow a logical and simple procedure.

It is always possible to write any linear equation as:

y = mx + b, where:

m = slope

b = y-intercept (value when x = 0)

The problem statement guarantees us that b=34, because if we do not drive any mile (x=0), then the cost should be equal to $ 34. Also, we know that m=0.05, because every driven mile (increase in x by 1) the cost should increase by $5. Therefore, we can write the linear equation as:

y = 0.05x + 34

Changing the dependent variable y for C (to relate it with the cost) we have that:

C = 0.05x + 34

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3 years ago

The diamond framework is NOT LIKELY to answer which of the following questions about competing on an international basis? A. Whe

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Answer:

Explanation:

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3 years ago