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2 years ago

A country that relies on the pragmatic nationalist view would say that:.

1 answer:

5 0

It should be noted that a country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage.

<h3>What is comparative advantage?</h3>

Comparative advantage simply means the ability of an economy to produce goods that has a lower opportunity cost than it's partners.

In this case, country that relies on the pragmatic nationalist view would state that international production should be based on theory of comparative advantage. This is to ensure efficiency.

Learn more about comparative advantage on:

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What is the base of Selection Process?

AlladinOne [14]

Answer:b

Explanation:

Because

6 0

3 years ago

The three steps which will create triangular arbitrage profit are as follows: first step, convert ____; second step, convert ___

Vladimir [108]

Answer:

The correct option is b) USD to GBP; GBP to CHF; CHF to USD.

Explanation:

A triangular arbitrage can be described as the act of taking advantage of a foreign exchange market arbitrage opportunity created by a pricing difference between three different currencies.

A triangle arbitrage method entails three deals, with the first currency being converted to a second, the second currency being converted to a third, and the third currency being converted to the first.

In the question, USD is the first currency, GBP is the second currency, and CHF is the third currency. Based on the explanation above, the three steps which will create triangular arbitrage profit are as follows: first step, convert <u>USD to GBP</u>; second step, convert <u>GBP to CHF</u>, and third step, convert <u>CHF to USD</u>.

Therefore, the correct option is b) USD to GBP; GBP to CHF; CHF to USD.

7 0

2 years ago

Galatea Foods was founded in Greece by Galatea Chronos in 1978, and the company spread rapidly through Western Europe. Ms. Chron

Alina [70]

The company probably uses the multidomestic strategy.

<h3><u>What is a multidomestic strategy?</u></h3>

A multi-domestic strategy is one in which businesses adapt both their product lineup and their marketing approach to suit several national contexts in an effort to maximize local responsiveness.
Each large national market where commerce is conducted typically has established production, marketing, and R&D operations.
The structure of multinational corporations is described by an alternative use of the phrase.
International or multinational businesses advertise comparable products in numerous countries and benefit from economies of scale through shared overhead.

Multinational corporations can achieve more localized management by having separate headquarters in many nations, but at a higher cost by forgoing the economies of scale through cost sharing and centralization.

Know more about multidomestic strategy with the help of the given link:

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4 0

1 year ago

Yvonne knows her firm must look at everything it does from a consumer's point of view. One major difficulty is that consumers' _

hram777 [196]

Answer:

Needs, wants, and ability to purchas

Explanation:

There is no reason to focus on consumer needs thousands of years ago. But we can say that technological advances and communication are wreaking havoc in this regard. Trends and fashions mark each day more than we want to obtain, consume and buy. And that has multiplied by a thousand in the last hundred years

3 0

3 years ago

Break-Even Sales Under Present and Proposed Conditions

solong [7]

Answer:

<h3>Portmann Company</h3>

1. Total variable costs = $89,000,000

Total fixed costs = $40,600,000

2. a Unit variable cost = $89

b. Unit contribution margin = $100

3. Break-even sales (units) = Fixed cost/Contribution margin per unit

= $40,600,000/$100

= 406,000 units

4. Break-even sales (units) = Fixed cost/Contribution margin per unit

= $45,100,000/$100

= 451,000 units

5. Break-even sales (units) to achieve target profit = (Fixed cost + Target Profit)/Contribution margin per unit

= ($45,100,000 + $59,400,000)/$100

= 1,045,000 units

6. Maximum operating income possible with the expanded plant is:

= $61,900,000

7. Operating income if the proposal is accepted and sales remain at the current level is:

= $54,900,000

Explanation:

a) Data and Calculations:

Sales volume during current year = 1,000,000

Sales price per unit during current year = $189

Income statement is as follows:

Sales $189,000,000

Cost of goods sold (101,000,000)

Gross profit $88,000,000

Expenses:

Selling expenses $16,000,000

Administrative expenses 12,600,000

Total expenses (28,600,000)

Operating income $59,400,000

Variable Fixed

Cost of goods sold 70% 30%

Selling expenses 75% 25%

Administrative expenses 50% 50%

Total variable costs for the current year:

Variable

Cost of goods sold 70% * $101,000,000 = $70,700,000

Selling expenses 75% * $16,000,000 = 12,000,000

Administrative expenses 50% * $12,600,000 = 6,300,000

Total variable costs = $89,000,000

Variable unit cost = $89 ($89,000,000/1,000,000)

Contribution per unit = $100 ($189 - $89)

Total fixed costs for the current year:

Fixed

Cost of goods sold 30% * $101,000,000 = $30,300,000

Selling expenses 25% * $16,000,000 = 4,000,000

Administrative expenses 50% * $12,600,000 = 6,300,000

Total fixed costs = $40,600,000

Projected sales for the next year = $202,230,000 ($189,000,000 + $13,230,000)

Percentage Increase in sales for the next year = $13,250,000/$189,000,000 * 100 = 7%

Fixed costs caused by expansion = $4,500,000

Total fixed costs = $45,100,000 ($40,600,000 + $4,500,000)

Variable costs = $95,230,000 ($89,000,000 * 1.07)

Contribution margin:

Sales $202,230,000

Variable costs 95,230,000

Contribution margin $107,000,000

Expenses:

Fixed costs 45,100,000

Operating income $61,900,000

Sales volume = 1,070,000 units (1,000,000 * 1.07)

Contribution per unit = $107,000,000/1,070,000 = $100

Sales at current level:

Sales $189,000,000

Variable costs 89,000,000

Contribution $100,000,000

Fixed costs 45,100,000

Operating income $54,900,000

6 0

2 years ago