Answer:
The correct answer is option (C)utilitarian approach.
Explanation:
Utilitarian approach: It is referred to as an action in relative to outcomes and reaction
For example, the cost and net benefits of all group of people based on an individual level. that is, by works towards achieving or aiming for the best for the greatest number while producing the least amount of suffering or harm.
The main reason why cost of product is little in one country and more in another is because of
- profiteering measures taken by exporting companies.
- higher costs of exporting.
Cost of exportation of goods, taxes, original product cost, Profit measures are all part of reasons why exported goods are more higher in cost when compared to the cost in producing country.
The company who imported the product will ensure its makes profiton the sales and also, the cost of moving the product into the country are usually high, therefore, they all contributed to the high cost
Therefore, the Option A and E is correct because profiteering measures taken by exporting companies and higher costs of exporting contributes to the higher cost of exported products
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Answer:
opportunity cost
Explanation:
The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.
Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.
Therefore, the right answer is Opportunity cost.
<span>Similarities of balancing a city budget and balancing a personal budget is that you are both budgeting it and planning for certain expenses that you need to pay.
Differences between balancing a city budget and balancing a personal budget is that city budget is quite big amount while personal budget is just small. City budget involves many people.</span>
The insurance company would store all its information in a <u>data warehouse</u> to support management decision making.
<h3>What is a
data warehouse?</h3>
This means the large store of data that was accumulated from a wide range of sources within a firm and are used to guide the management decisions.
Therefore, the data warehouse is the facility that will store tha data for future use and to support management decision making.
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<em>brainly.com/question/25885448</em>
