A natural barrier that faces Argentina when it sells beef to Siberia is distance.
Why distance is a barrier to trade?Due to the fact that markets within countries are typically closer together than markets between countries, distance reduces international trade in comparison to domestic trade. Most overseas markets have higher transportation expenses than they do for domestic markets, frequently by a significant margin. Given that distance seems to restrict trade more than can be compensated for by transportation, it is possible that distance is also linked to greater non-transportation trade costs.
For example, the price of carrying the beef from Argentina to Siberia could make it too expensive even though farming beef there may be less expensive than raising beef in the freezing cold of Siberia. Thus, one of the inherent obstacles to international trading is distance.
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Manu works for an auto parts company in New York. He provides information and advice that are not available online to his clients, who are mainly small businesses like Briarcliff Auto. Manu provides credit to Briarcliff Auto, coordinates supplies of parts from several sources to Briarcliff Auto, delivers parts to Briarcliff Auto, and processes returns. Manu is a _______. a. distributor b. reseller c. marketer d. businessmen
Manu is a distributor.
What is a distributor?
A distributor is an organization that purchases non-competitive products or product lines and sells them directly to consumers or clients. The majority of distributors also offer a number of other services, including technical support, warranty, and service.
To access markets that manufacturers could not otherwise target, distributors are crucial. Because a local business already has clients, relationships, and contacts, and is more familiar with the customs and business culture of the area, businesses frequently hire distributors. A potential customer's first point of contact with the manufacturer is the distributor.
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In making the best economic choices, consumers compare the benefits of the choice to:.
In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.
How to make the best economic choices?
In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.
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It is impossible to reduce your fixed expenses true or false?
Answer:
True
Explanation:
companies using _____ revenue model charge a fee based on the value of the service provided on the web.
Companies using fee-for-service revenue model charge a fee based on the value of the service provided on the web.
What is service charge?Service charge is certain amount of money paid by an individual for a service rendered.
The amount is paid based on the charge pose on the individual.
Therefore, companies using fee-for-service revenue model charge a fee based on the value of the service provided on the web.
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During a period of economic expansion, when expected profitability is high, the: select one: a. Equilibrium price of bonds increases. B. Equilibrium interest rate falls
During a period of economic expansion, the demand curve for bonds shifts to the left.
What is the effect of an economic expansion?During an economic expansion, the supply of money in the economy rises and the demand for money also increases. This leads to an increase in the interest rate and the price of the bonds would fall.
If expected profitability is expected to be high, people would prefer to hold more risky investment. Thus, there would be a fall in the demand for bonds. The demand curve for bonds would shift to the left.
Here are the options to this question:
A) the demand curve for bonds shifts to the left.
B) the supply curve of bonds shifts to the right.
C) the equilibrium interest rate falls.
D) the equilibrium price of bonds rises.
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When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions, the organization is viewing them as ______.
When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions, the organization is viewing them as human capital.
What is human capital organization?Human capital is referred to as an intangible asset for any firm but is absent from the balance sheet of a corporation. Human capital, which includes an employee's education, health, intelligence, punctuality, values, ethics, corporate citizenship, and loyalty, is the economic value of their knowledge, abilities, and experience.
Thus, it is human capital.
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A perfectly competitive firm is producing 700 units, which is their profit-maximizing output level. The market price for their good is $2 and the firm's average total cost to produce the 700 units is $0.50. What is their profit or loss from producing the 700 units
Their profit or loss from producing the 700 units is: $1,050.
Profit or lossUsing this formula
Profit or loss=(Number of units×Market price)-(Number of units×Average total cost)
Let plug in the formula
Profit or loss=(700 units×$2)-(700 units×$0.50)
Profit or loss=$1,400-$350
Profit or loss=$1,050
Therefore their profit or loss from producing the 700 units is: $1,050.
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What country borders the caspian sea, the persian gulf, and the gulf of oman?.
Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.
The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.
Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.
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Keynesian economics argues for the use of _____ policy to stabilize the economy.
Answer:
Keynesian economics argues for the use of active government policy to stabilize the economy.
Explanation:
In order to alleviate or avert economic recessions, Keynesian economics places a strong emphasis on the employment of proactive government policy to control aggregate demand. Keynes contended that lengthy periods of high unemployment might result from a lack of general demand. Consumption, investment, government purchases, and net exports are the aggregate of four factors that determine an economy's amount of goods and services.
when the money market is drawn with the value of money on the vertical axis, if money demand shifts leftward, then initially there is an:
if money demand shifts leftward, then initially there is an excess supply of money which causes the price level to rise.
What is excess money supply?Excess money supply occurs when the supply of money in an economy is greater than the money demand or the level of the total output of an economy.
When there is an excess money supply, its effect is to result into inflation or causes the price level to rise.
Therefore, when the money market is depicted with the value of the currency on the vertical axis, if money demand shifts leftward, then initially there is an excess supply of money which causes the price level to rise.
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which stage in a work-unit activity analysis focuses on the product, information, or service provided?
The stage in a work-unit activity analysis that focuses on the product, information, or service provided is the output phase, This is further explained below.
What is the output phase?Generally, the output phase is simply defined as manufacturing or output in general.
In conclusion, The final deliverable is defined. The method of measuring the output is investigated.
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BestCare Health Plan has received a request from a state insurance department in connection with the investigation of several marketing representatives licensed by the state who sell Medicare Advantage plans. What action(s) should BestCare take in response
In the case above, BestCare response is to cooperate with the state and supply requested information.
What is health plan?A health plan is known to be a kind of plan that is made for employee welfare benefit and it is often set up or kept by an employer or by an employee firm or both, that gives medical care for its participants.
Note that, In the case above, BestCare response is to cooperate with the state and supply requested information.
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Ben and Amanda are interested in a vacant, undeveloped lot. They are going to continue to live in their current home, pay off the lot's loan, and then build a new home on the lot. Before closing on the purchase of the lot, they discover the zoning regulations permit nightclubs to be built in the immediate area. They specifically asked the broker about this issue and were told there was no reason to worry. What are Ben and Amanda's options, if any
Ben and Amanda may cancel the transaction based on the misrepresentation of the broker.
What are the consequences of not telling the truth when selling property?Misleading a buyer, whether it's been done intentionally or unintentionally, could be a breach of the Misrepresentation Act which is a common law fraud.
The right of rescission is a legal right, that a consumer may use if he found that he has been deceived by the broker or seller by giving the false statements and misrepresentation about the property they are going to purchase.
They have the right that they can cancel the agreement and rescind the payment as well. It gives them three days to rescind an agreement and get your money back.
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Which of these pavement markings separates two lanes traveling in the same direction?
The pavement markings that separate two lanes traveling in the same direction is A broken white line
What is a Pavement Marking?This refers to the mark or sign that is on the road to show a particular function for motorists and pedestrians.
Hence, we can see that in the case of two lanes that travel in the same direction, the pavement marking that is used to clearly show this is called a broken white line.
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Regarding performance, ________ sources of information include complaints or issues raised by employees, existing performance metrics or reports, financial reports, and quality reports, while ________ sources of information include VOC (Voice of the Customer) tools.
An internal sources is one that include complaints or issues raised by employees while an external sources is one that includes VOC (Voice of the Customer) tools.
What is an internal sources?This refers to information that comes from outgoing mails, memos, notices, circulars, bulletins and manuals.
What is an external sources?This refers to information from source other than the Internal Sources such as information from licensed or subscription-based websites.
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Mr. Troy wants to buy stocks of a local retail company. He needs help with market research and requires some investing advice, as well as someone to do the trading for him. Mr. Troy should contact a(n) _____.
Mr. Troy should can contact securities broker
A consumer's connection to the global financial markets is crucially facilitated by the securities broker. Brokers in securities, also known as sales agents for commodities, financial services, and securities, provide guidance to clients looking to invest money. Securities brokers make arrangements for their clients' purchases or sales of stocks, bonds, and other securities. Brokers guide clients toward the various investment possibilities that best meet their needs among the maze of choices.
Stocks and bonds are the two most popular kinds of securities. By issuing stocks, private companies give the general public a stake in the company. In exchange for using their money to purchase stock, investors may be promised dividends, which represent a portion of the earnings.
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The greatest amount of satisfaction comes from which utility?
The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer.
What is the term about?A utility maximizer is known to be a person that seeks to get the highest satisfaction or happiness.
Utility is known to be the happiness or benefit consumers gotten from a good's consumption.
Therefore, The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer
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production possibilities curve. the curve of the graph
is called "The Frontier"
The PPC, sometimes referred to as the production possibilities frontier, depicts scarcity and tradeoffs.
What does the curve of the production possibility frontier represent?The production possibility frontier or PPF is a curve used in business analysis to show the different quantities of two items that can be produced when they both rely on the same limiting resources.
Thus, The PPC, sometimes referred to as the production possibilities frontier
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What are the legal requirements owners should fulfill before forming a corporation
The legal requirements that owners should fulfill before forming a corporation are:
Owners should meet the state statutory needs. Owners should register the name and articles of incorporation.What is a Business Corporation?This refers to the business structure that operates as a separate entity that has shareholders and board of directors.
Hence, we can see that based on the legal requirements of starting a business corporation, the need to meet the state statutory needs and also register the name and article of the incorporation.
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An adjusting entry is completed ________
In accounting, an adjusting entry is completed at the end of the accounting period.
What is an adjusting entry?This refers to the preparation of journal entry which occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
Hence, the adjusting entry is completed at the end of the accounting period.
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Research indicates that high-performance project teams are much more likely to develop under certain conditions. One of these conditions is that members are assigned to the project _______ time.
Research indicates that high-performance project teams are much more likely to develop under certain conditions. One of these conditions is that members are assigned to the project manager.
High performance teams are composed of individuals with specialized expertise and complementary skills who are hyper focused and goal oriented on achieving clear and outstanding results
So the members are assigned to the project management. It is the process of leading the work of a team to achieve all project goals with the given constraints.
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A national grocery chain is divided into well-demarcated groups such as the Northeastern division, the Northwestern division, the Southeastern division, and the Southwestern division. These divisions have been set up based on the location of large groups of customers the company serves. In the context of departmentalization, this company is most likely using a(n)
Based on the fact that the divisions of this national grocery chain are set up in such a way that they can serve different locations, this is a geographic structure.
What is a geographic structure?This is a departmentalization style where a company creates divisions in various areas to service their customers located in those places.
This is what this national grocery chain is doing by setting up divisions in various areas to access their customers around the country.
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To determine the efficiency of a batch of production of electric motors, 8 motors are tested. The average efficiency of the sample is calculated to be 88.5% and the standard deviation of the sample is 0.5 percentage point. (a) Determine a 95% confidence interval for the mean efficiency of the given batch of motors. (b) If we want to cut the confidence interval to one third, how many more motors should be tested
The 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418 and 41 motors should be tested to cut the confidence interval to one-third
The 95% confidence intervalThe given parameters are:
Mean, [tex]\mu[/tex] = 88.5%Standard deviation, [tex]\sigma[/tex] = 0.5Sample size, n = 8Here, n is less than 30.
So, we use the t-score
At 95% confidence interval and n = 8, the t-score is:
t = 2.365
So, we have:
[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex]
So, we have:
[tex]CI = 88.5\% \pm 2.365 * \frac{0.5}{\sqrt {8}}[/tex]
[tex]CI = 88.5\% \pm \frac{1.1825}{\sqrt(8)}[/tex]
Evaluate the quotient
CI = 88.5% [tex]\pm[/tex] 0.418
Express percentage as decimal
CI = 0.885 [tex]\pm[/tex] 0.418
Hence, the 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418
The number of motors to be testedWhen the interval is cut into one third, we have:
[tex]CI = \frac 13 * (0.885 \pm 0.418)[/tex]
Evaluate
[tex]CI = (0.885 \pm \frac 13 *0.418)[/tex]
[tex]CI = (0.885 \pm 0.139)[/tex]
Recall that:
[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex] or [tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]
Here, we use the z-score i.e.
[tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]
By comparison, we have:
[tex]z\frac{\sigma}{\sqrt n} = 0.139[/tex]
Substitute [tex]\sigma[/tex] = 0.5 and z = 1.960
[tex]1.96 * \frac{0.5}{\sqrt n} = 0.139[/tex]
Evaluate the product
[tex]\frac{0.98}{\sqrt n} = 0.139[/tex]
Solve for [tex]\sqrt n[/tex]
[tex]\sqrt n = \frac{0.98}{0.139}[/tex]
Evaluate the quotient
[tex]\sqrt n = 7.1[/tex]
Square both sides
n = 49
The initial sample size is 8.
Subtract 8 from 49
Difference = 49 - 8
Difference = 41
Hence, 41 motors should be tested to cut the confidence interval to one-third
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When a shortage of a commodity occurs, we would expect to find that
When a shortage of a commodity occurs, we would expect to find that the price of the commodity is less than equilibrium price.
What is a shortage?A shortage occurs when the quantity demanded exceeds the quantity supplied. At this point, he price of the commodity is less than equilibrium price. For equilibrium price to be restored, the price of the commodity would rise until equilibrium is restored.
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the financial system consists of financial _____, such as commercial banks, and financial markets, such as the stock market.
The financial system consists of financial intermediaries, such as commercial banks, and financial markets, such as the stock market. This is further explained below.
What are financial intermediaries?Generally, financial intermediaries are simply defined as Banks, building societies, and unit-trust companies are all examples of financial intermediaries.
In conclusion, Institutions like commercial banks and marketplaces for trading financial instruments like stocks and bonds make up the financial system.
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To win back customers after they have discontinued service, when should the initial communication be made? g
The following methods can be used to successfully win back customers after they have discontinued service.
Successfully Re-engage Customers:Consider the primary cause of the customer's initial reluctance. Take some time to consider what drove your brand to this point before developing unique methods for your re-engagement plan.Surveying your consumers is one of the finest ways to find the answers to your inquiries. Based on how long a consumer has been away from your store, create a survey and email it to them.Targeted email campaigns are a wonderful strategy to re-engage clients in addition to providing a generic email newsletter based on their prior actions and behaviours. Digital re-targeting is the practice of setting cookies on visitors to your website or social media profiles, or tagging them, and classifying them into groups depending on the pages they visit and how they interact with your website.Existing clients that have already chosen to use your brand for commercial purposes are quite valuable. Don't let them disappear into oblivion.
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Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of ___________ prevail:
Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of "Oligopoly" prevail.
What is an Oligopoly?A market structure known as an oligopoly occurs when two or more companies hold a large amount of market power. They have the power to control supply and prices when acting as a group. When the top 4 companies dominate 50% of a market, it is generally referred to as an oligopoly.
Some key features of Oligopoly are-
Few firms with large market share Oligopolistic firms maintain their position in the market by a number of high barriers to entry.Interdependence - An oligopolistic business will make decisions depending on how they anticipate rivals will respond.Each firm has little market power on its own - each firm has little market power, because other firms are quick to take advantage.Higher prices than in perfect competition - due to their combined market dominance, oligopolies frequently maintain higher pricing in order to generate greater profits.More efficient - Oligopolistic businesses profit from high market shares. They also profit from economies of scale, which allows for cheaper production.Learn more about market economy, here brainly.com/question/25265598
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When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in Blank______.
When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in "standard test marketing".
What is standard test marketing?A type of test market where the business chooses a limited number of sample cities to test the entire marketing mix before launching a new product.
There are various ways to test marketing-
Executing a regional product launch before a full launch.Working with a small group of customers who may directly provide product feedback.Implementing a focused direct marketing campaign to assess advertising methods.To know more about the marketing objective, here
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In order to gather additional in-depth information needed for business decisions, marketers must do their own research by gathering:
In order to gather additional in-depth information needed for business decisions, marketers must do their own research by gathering: primary data.
What is primary data?
This is the data that researchers have to gather by themselves by going into the field.
Primary data is the type of data that can be gotten from direct surveys, questionnaires and other forms of data collection.
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Amazon is considered one of the best digital marketers and is known for establishing relationships with customers. The company typically asks website visitors to register and opt-in to receiving e-mail communication and other offers. Thus, Amazon can identify visitors to its site before they make a purchase. Amazon is utilizing the _______ feature of online media.
Since Amazon can identify visitors to its site before they make a purchase, it is utilizing the addressability feature of online media.
What is digital marketing?This is an aspect of online channel, in which organizations use to promote their brand or image. Here, people who are digitally inclined can connect to the company's product offering.
Benefit of digital marketing are:
Targeted audience can be reached in a cost-effective and measurable way. Increasing brand loyalty and driving online sales.Learn more about digital marketing here: https://brainly.com/question/8367090
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