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Kitty [74]
2 years ago
14

What are the two steps a producer can take to gain an absolute advantage? produce more goods. use high-quality resources. produc

e more expensive goods. use fewer resources. produce high-quality goods. use local resources.
Business
1 answer:
erica [24]2 years ago
6 0

Answer:

The correct answers are 1) produce more goods and 4) use fewer resources.

Explanation:

In the economic theory the definition of absolute advantage is the ability to produce as much of a product as possible while using few resources. On the other hand, comparative advantage is something that can help a producer sell a good at a low price which is attractive for customers while retaining good sale margins.

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Finance managers at Big Bend Inc. made a financial blunder when they solely looked at the previous year’s sales to estimate sale
saul85 [17]

Answer:

B. Perpetuating the status quo

Explanation:

The status quo is the current state of affairs. The manager preferred to safely quote the previous sales as future estimate. The previous sales in this case represents the status quo.

3 0
3 years ago
Which of these is a group of producers working together to raise prices and
kramer

Answer:

B. a cartel

Explanation:

A cartel is a group of independent producers who collude to promote and protect their trade interests. Large producers in the same industry form cartels to manipulate supply and fix prices. Through the cartel, the large producers set prices that guarantee maximum profits for their members. The cartel eliminates price competition among the major producers in the industry.

6 0
3 years ago
Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the
irinina [24]
It would be 1600 because the 20 percent keeps the bank from loaning the rest
3 0
3 years ago
Read 2 more answers
What distinguishes even-aged management practices from uneven-aged management practices?
lyudmila [28]

Even-aged practices remove larger groups of trees than uneven-aged management practices.

Uneven-age management in forestry refers to a system of management that periodically selects individual trees or small groups of trees for harvest. In popular, the idea of choppy-age control involves the sustained yield of for- est products at the same time as preserving non-stop wooded area cover.

Even-aged stands are ones where the variety of tree a while inside a stand do not range via more than 20% or so. Plantation forests are the quality instance of even-aged stands, as often they've created the use of seedlings or clones from a common set of mother and father.

Large-scale natural disturbances, including wildfire, have evidently favored even-elderly stands of seral species with a gap carefully related to these disturbance types. An uneven-elderly stand is a mosaic of tiny even-elderly clumps and scattered individuals woven together thru a perpetual cycle of random disturbances.

Learn more about management here: brainly.com/question/1276995

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4 0
1 year ago
Contrary to Levitt's suggestions, consumers in the most developed countries are often A. Willing to sacrifice their preferred at
natka813 [3]

Answer:

The answer is option D) Contrary to Levitt's suggestions, consumers in the most developed countries are often Willing to accept globally standardized products that have been developed with the lowest common denominator in mind.

Explanation:

According to Levitt, marketing should help decide what a business should sell.  His model gave emphasis on branding as a strategy to build customers loyalty.

Levitt introduced the term globalization to management discourse. His central thesis is that a dominant force drives the world towards a converging commonality, allowing international businesses to become global by standardizing their product and service offering.

However, contrary to Contrary to Levitt's suggestions, consumers in the most developed countries are often willing to accept globally standardized products that have been developed with the lowest common denominator in mind.

5 0
3 years ago
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