An adjusting entry for accrued expenses, such as wages expenses, will include a credit to a(n) account: a. is the same journal entry as recording revenue on the account.
Personal expenses are costs that are beyond your tuition and fees, room and board, books and supplies, and transportation. Personal expenses include necessities like laundry, cell phone service, clothing, personal care products, prescriptions, car insurance and registration, recreation, and more.
An expense in accounting refers to the money spent and the costs incurred by a company in pursuing revenue. Simply put, account expenses are the costs involved in running a business, and collectively they contribute to the activities involved in generating profit.
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the federal reserve has an inflation target of 2%. if inflation is 2% and increases to 8%, by how much should the federal reserve change their interest rate target?
if inflation is 2% and increases to 8%, than by 6% should the federal reserve change their interest rate target.
Inflation measures what quantity costlier a collection of products and services has become over an exact amount, sometimes a year. iI's going to be one amongst the foremost acquainted words in economic science. Inflation has plunged countries into long periods of instability.
An interest rate target is a key charge per unit that a financial institution uses to guide financial policy toward the required economic outcomes. A financial institution will select its target supported official discretion or specific policy rules with the intent of influencing economic variables, like employment or inflation.
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Which of the following is not generally considered to be a resource (factor of production)? O A. A small business owner. OB. A copper mine. OC. A bond issued by the Chrysler Corporation. OD. A college professor.
the correct answer of the given question is option c which is A bond issued by the Chrysler Corporation.
One of the "Big Three" American automakers, Stellantis North America (officially FCA US and formerly Chrysler (/kraslr/))[2][3] has its headquarters in Auburn Hills, Michigan. It is a branch of the international automaker Stellantis in the United States. Stellantis North America sells automobiles under the Dodge, Jeep, and Ram nameplates in addition to the Chrysler brand. It also includes SRT, its performance automobile division, and Mopar, its automotive parts and accessories company.
Walter Chrysler created the original Chrysler Corporation in 1925 using the Maxwell Motor Company's leftovers. It was bought by Daimler-Benz, which changed its name to DaimlerChrysler in 1998.
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A reduction in government borrowing can:
Question 19 options:
a)
decrease the incentive to invest.
b)
increase the interest rate.
c)
crowd out private investment in human capital.
d)
give private investment an opportunity to expand.
If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:
Question 20 options:
a)
budget deficit.
b)
budget surplus.
c)
decrease in payroll tax.
d)
decrease in proportional taxes.
A reduction in government borrowing can: giving private investment a chance to grow. The borrowing of the national government has the biggest effect, although borrowing by inferior units may also have an impact.
Only borrowing from the private sector of the economy—from people, businesses, and different financial institutions, including banks—is considered government borrowing in the strict sense. Since the purchasing power is created by the central bank and no obligations to the general public are created, when the government obtains its funds from the central bank (the Bank of England, the Bank of Italy, the Bank of Japan, or the Federal Reserve System in the United States), it is actually creating money rather than borrowing it. When a government borrows money, the lender transfers money to the borrower in exchange for government securities.
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Make an assumption about the relationship between coverage limit and premium. explain your thinking.
You pay insurance companies premiums in exchange for coverage. As a result, consider "insurance price" instead of "insurance premium." Depending on the coverage, you normally pay premiums monthly, semiannually, or annually.
Define coverage limit and premium.The largest amount your insurer will settle a claim for in accordance with the conditions of your policy is referred to as your insurance cap or limit, also known as your coverage amount. Most insurance agreements, including those for auto and house, provide a variety of coverage categories with specific coverage limits.
The insurance premium is the sum of money an individual or business pays to purchase an insurance policy. For the coverage of life, auto, house, and health insurance, premiums are paid.
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a marketing manager wants to use a search ads campaign to capture the consideration of customers who are searching online for camping equipment. what's a key benefit of a well-managed search ads campaign?
A key benefit of a well-managed search ads campaign is improved visibility and reach. By targeting relevant keywords and creating relevant ads, the marketing manager can ensure that their campaign is seen by potential customers who are actively looking for camping equipment.
This increases the chances of the customer clicking on the ad and engaging with the brand, which can lead to improved brand awareness and potential sales. Additionally, search ads campaigns can be highly targeted and cost-effective, allowing the marketing manager to maximize ROI while reaching their desired audience. ROI is a measure of the profitability of an investment. It can be calculated by dividing the net gain of an investment by the amount of money initially invested.
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draw the expected edman degradation product of lys-gly-met-ala after one cycle.
The coupling reaction, cleavage reaction, and conversion step are the three processes that make up the Edman degradation process.
The Edman degradation may be performed to progressively identify the amino acids starting from the N-terminal amino acid of the molecule since it does not break the peptide bonds in the protein. The protein sequencer, or automated Edman degradation, is a commonly used tool nowadays that can sequence peptides up to 50 amino acids. Pehr Edman created the Edman degradation technique to sequence the amino acids in peptides. The peptide link between the other amino acid residues is not broken throughout the process of labeling and cleaving the amino-terminal residue from the peptide.The N-terminus amino acid is sequentially released from the peptide during Edman degradation as a PTH derivative, and the successively formed PTH derivatives may be recognized by chromatographic methods or electrophoresis31,32.
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Trying to figure out the most efficient way to perform a job is a goal of
a. Forbes.
b. the Hawthorne effect.
c. Maslow's hierarchy.
d. scientific management.
e. behavioral management.
Trying to figure out the most efficient way to perform a job is a goal of scientific management. The correct answer is option D.
What is scientific management?Scientific management defines working based on standardized techniques and tools and with the help of specialized personnel so as to increase the quantity as well as the quality of the product and the same time decreasing the costs. Scientific management is also known as Taylorism.
Scientific management can be summarized in four main principles, those are:
Using scientific methods to determine and standardize the one best way of doing a job.A clear division of tasks and responsibilities.High pay for high-performing employees.A hierarchy of authority and strict surveillance of employees.Learn more about scientific management at: https://brainly.com/question/12417614
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Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $59 for cash. If an amount box does not require an entry, leave blank or enter "0". b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $60,000. If an amount box does not require an entry, leave it blank or enter "0" c. Purchased 100 shares of treasury stock at $32 d. Sold the 100 shares of treasury stock purchased in (c) at $42. If an amount box does not require an entry, leave it blank or enter "0"
The journal entries for each transaction are:
a) Cash $59,000
Outstanding shares $10,000
Gain on sales of outstanding shares $49,000
b) Equipment $60,000
Outstanding shares $14,000
Gain on exchange of oustanding shares $46,000
c) Treasury stock $3,200
Cash $3,200
d) Cash $4,200
Treasury stock $3,200
Gain on sale of treasury stock $1,000
Let's discuss the journal entries for every transaction:
a. Issue of 1,000 shares of $10 par common stock at $59 for cash.
Cash $59,000
Outstanding shares (1,000 X $10 par) $10,000
Gain on sales of outstanding shares $49,000
b. Issue of 1,400 shares of $10 par common stock for equipment with a fair market price of $60,000
Equipment $60,000
Outstanding shares (1,400 x $10 par) $14,000
Gain on exchange of oustanding shares $46,000
c. Purchased 100 treasury stock at $32, We assume this transaction is done in cash
Treasury stock $3,200
Cash $3,200
d. Sold the 100 treasury stock purchased in (c) at $42
Cash $4,200
Treasury stock (100 x $32) $3,200
Gain on sale of treasury stock $1,000
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on january 1, year 1, parker company issued bonds with a face value of $63,000, a stated rate of interest of 12 percent, and a five-year term to maturity. interest is payable in cash on december 31 of each year. the effective rate of interest was 14 percent at the time the bonds were issued. the bonds sold for $58,674. parker used the effective interest rate method to amortize the bond discount.requireda. prepare an amortization table.b. what item(s) in the table would appear on the year 4 balance sheet?c. what item(s) in the table would appear on the year 4 income statement?d. what item(s) in the table would appear on the year 4 statement of cash flows?
The face value of bonds= 57,000$, if the face value of $63,000, a stated rate of interest of 12 percent, and a five-year term to maturity.
What is a simple definition of an interest rate?The sum that the lender demands from the borrower in addition to the principal amount is known as the interest rate. Regarding the recipient, a person who deposits money in a bank or other financial institution also makes extra money due to the time worth of money, which is known as interest earned by the depositor.
With an example, what is interest rate?The rate indicates the precise amount of interest that a borrower will either earn or pay on a loan. A $100 loan at a nominal interest rate of 6%, for instance, would result in interest charges of $6 ($100 X 0.06). to the to the to the to the to the o Preps. Paradfo If the debt was increased to $1,000, the borrower would continue to pay 6%.
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what should you include in your report to address their concerns? a calculation of costs and a time frame for implementing the proposal a list of pros and cons criteria for comparison
A calculation of cost and a time frame for implementing the project should be included in your report to address their concerns
Cost estimation is the process that determines a budget that satisfies the financial commitment required for a project to be successful by taking into consideration direct costs, indirect costs, and other factors.
Any project, from building a bridge to creating that next big app, can benefit from using project cost estimation tools. Because everything costs money, the more certain you are of the amount needed, the more likely it is that you will succeed in your goal.
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the free cash flow to the firm is reported as $275 million. the interest expense to the firm is $60 million. if the tax rate is 35% and the net debt of the firm increased by $33 million, what is the free cash flow to the equity holders of the firm?
The amount left over after capital expenditures are taken into account is referred to as free cash flow. The overall cost incurred to acquire and maintain assets is referred to as a capital expenditure.
What is cash flow formula?
Cash is king, as every small business owner is aware, but many run into issues at some point. In fact, 60% of small businesses have reported having trouble with cash flow, and 72% of those report that it has interfered with their daily operations.
So how can we monitor the money coming in and going out of your company, What resources can you employ to make sure your company has enough money to expand and grow, not just to survive? What measures will be required of lenders and investors?
The essential formulas that small business entrepreneurs require are listed below. The difference between all of the company's cash inflows and cash withdrawals over a specific time period is known as net cash flow. It's a crucial sign of a business's financial stability.
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describe the agricultural policy that helped china move into the industrial age and improve its economy.
Great Leap Forward, in Chinese history, the campaign undertaken by the Chinese communists between 1958 and early 1960 to organize its vast population, especially in large-scale rural communes, to meet China's industrial and agricultural problems.
Foreign crops including potatoes, corn, peanuts, and sweet potatoes were imported and planted as a result of more frequent interactions between China and other nations. The wider variety of cash crops were successfully accommodated into the intercropping and rotational farming regimes, raising food output even higher. Agrarian reform in China was the first step in its economic transformation. Between 1978 and 1983, agricultural reforms overcame recurrent food shortages suffered since the 1950s by effectively converting communal farming to household-based farming and producing record-breaking growth in grain and meat output. Beginning in 1958 and ending in 1961, Mao Zedong and the Chinese Communist Party implemented the Great Leap Forward, a five-year economic programme. The country's agriculture industry was to be modernised following communist economic principles.
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suppose that nora just purchased and consumed two products: pepsi and doritos. nora's marginal utility from the last bag of doritos she ate was 30, and the marginal utility from the last pepsi she consumed was 10. if the price of doritos was $2.25 and nora is at a consumer optimum, what is the price of pepsi? (give your answer to two decimals.) $
The price for the given case of pepsi is $0.75.
What is marginal utility?Marginal utility is the enjoyment a consumer gains from having one more unit of a good or service. Economists utilize the idea of marginal utility to estimate the quantity of a good that customers will buy. Although marginal utility tends to decline with consumption, depending on the product consumed, it may or may not ever approach zero.
Marginal Utility of Doritos [tex](MU_D)=30[/tex]
Marginal Utility of Pepsi [tex](M U_P)=10[/tex]
Price of Doritos [tex](P_D)= 2.25[/tex]
Price of Pepsi [tex](P_p)= ?[/tex]
Since consumer is at optimum level so
[tex]\frac{MU_D}{P_D} =\frac{MU_P}{P_D}[/tex]
[tex]\frac{30}{2.25} =\frac{10}{P_P}[/tex]
[tex]P_P =\frac{22.5}{30}[/tex]
[tex]P_P = $0.75[/tex]
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Which type of bank account is mostly used to save money?
Answer:
Savings account
Explanation:
Well, it's in the name!
different levels of planning in supply chain operations management include: group of answer choices general and detailed planning. strategic, tactical, and operational planning. long-term and short-term planning. logistical, operational, and procurement planning. answer: b
Different levels of planning in supply chain operations management include strategic, tactical, and operational planning.
In the corporate world, supply chain can be taken for granted. Realizing that the supply chain is the cornerstone of any operation or business is crucial. Supply chain management is divided into three levels: strategic, tactical, and operational. Together, these levels handle all the choices necessary to timely deliver high-quality goods to clients at the lowest possible cost while generating the most possible income.
Examining the three levels of supply chain management the strategic level, the operational level, and the tactical level will help you better grasp the many stages of supply chain management and how they affect one another.
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which economic sectors have benefited from government subsidies? correct answer(s) agriculture press space to open security press space to open transportation press space to open technology
Agriculture press space to open economic sectors have benefited from government subsidies. Government subsidies aid an industry by covering a portion of the cost of a products or service's production through the provision of tax credits.
Reimbursements, as well as by covering a portion of the cost a customer would incur when buying a thing or service. Obtainable products Subsidies can assist in bringing down the cost of items produced by companies so that customers can continue to afford them, which can foster economic growth. Controlling inflation: The government can provide subsidies to help offset changes in production costs and make sure that consumer prices stay low and reasonable.
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banks typically come under financial stress because of a. the money multiplier effect b. a widespread decline in the value of their assets c. diversification of loan assets d. higher interest rates
Banks typically come under financial stress because of a widespread decline in the value of their assets.
Finance is the examination and area of money, forex and capital belongings. it's miles associated with, but no longer synonymous with economics, the observe of production, distribution, and intake of money, belongings, goods and services (the field of monetary economics bridges the two). Finance sports take vicinity in monetary systems at numerous scopes, as a consequence the sphere may be roughly divided into non-public, corporate, and public finance. In a monetary system, assets are sold, sold, or traded as monetary gadgets, which includes currencies, loans, bonds, stocks, shares, alternatives, futures, and so on.
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A debit is used to record an increase in all of the following accounts except: Multiple Choice Supplies Cash Accounts Payable Owner's Withdrawals Prepaid Insurance
An increase in accounts payable is not included in debit.
Define accounts payable.Money owing by a corporation to its suppliers and listed as a liability on the balance sheet is known as accounts payable. It differs from liabilities for notes payable, which are obligations made by formal legal instrument documents. Accounts payable (AP) refers to the short-term debt and liability on a balance sheet that a company owes to its suppliers and vendors who have given the company credit for goods or services.
A current liability account called accounts payable is used to track any owed-money to other people. Banks, businesses, or even a person you borrowed money from could be considered third parties. Accounts payable frequently refers to the acquisition of goods or services from other businesses.
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on january 1, a company issued and sold a $400,000, 8%, 10-year bond payable, and received proceeds of $395,000. interest is payable each june 30 and december 31. the company uses the straight-line method to amortize the discount. the journal entry to record the first interest payment is: multiple choice debit bond interest expense $32,000; credit cash $32,000. debit bond interest expense $15,750; debit discount on bonds payable $250; credit cash $16,000. debit bond interest expense $16,000; debit discount on bonds payable $250; credit cash $16,250. debit bond interest expense $16,000; credit cash $16,000. debit bond interest expense $16,250; credit cash $16,000; credit discount on bonds payable $250.
The journal entry to record the first interest payment is: multiple choice debit bond interest expense $32,000; credit cash $32,000. debit bond interest expense $15,750.
Interest expense refers to the cost of borrowing. This is the price the lender charges the borrower for using the lender's money. In the income statement, interest expense can represent the cost of borrowing from banks, bond investors, and other sources of funds.
Interest expense is the cost of funds borrowed by a company. Interest expense is a non-operating expense recognized in the income statement. It represents interest paid on borrowings such as bonds, loans, convertible bonds, or lines of credit.
Interest expense is the cost of funds borrowed by a company. Interest expense is a non-operating expense recognized in the income statement. It represents interest on borrowings such as bonds, loans, convertible bonds and lines of credit.
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poka-yoke)* is not an example of poka-yoke. (*discuss briefly why not.) a. processing of returned items b. tray-return stands and trash bins at the exit of a fast-food restaurant c. entering a customer's eye color at the start of transaction d. height bars at amusement rides
Poka-Yoke is not an example of height bars at amusement rides.
What is Poka-Yoke?
Poka-Yoke was initially utilized in the 1960s by Shigeo Shingo, an industrial engineer of Toyota (poh-kah yoh-keh). Shingo also created and codified Zero Quality Control, which combines source inspection for defect avoidance with Poka-Yoke methods for prospective problem rectification.
Actually, the name was baka-yoke, which means "fool-proofing," but it was changed because of the term's demeaning and disparaging connotation. Poka-Yoke means "mistake-proofing" or "avoiding (yokeru) unintended mishaps" in the literal sense (poka).
By ensuring the right conditions are in place before a process step is carried out, Poka-Yoke prevents mistakes from ever occurring. When this isn't possible, Poka-Yoke assumes the role of a detective, tracking down issues and solving them right away.
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a company's classified balance sheet shows current assets of $8,650 and current liabilities of $6,000. what is the company's current ratio?
The current ratio of the company equals 1.44
The current ratio is a measure of a company's liquidity, or its ability to pay short-term obligations. The current ratio is calculated by dividing a company's current assets by its current liabilities. In this case, the current ratio is calculated by dividing $8,650 in current assets by $6,000 in current liabilities, which equals 1.44.
The current ratio is a measure of a company's short-term liquidity. It helps investors and creditors assess a company's ability to pay its short-term debts. A higher current ratio indicates a stronger liquidity position, while a lower current ratio indicates a weaker liquidity position.
Generally, a ratio of 1.2 or higher is considered to be good, while a ratio lower than 1.0 indicates that the company may not be able to pay its short-term obligations. Therefore, the company in this example has a good current ratio of 1.44.
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paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. paid $200 cash per truck for the cost of their annual tune-ups. paid $175 for the monthly cost of replacement filters on an air-conditioning system. completed an addition to a building for $225,000 cash. 1. classify the above transactions as either a revenue expenditure or a capital expenditure. 2. prepare the journal entries to record the four transactions from part 1.
Paid $40,000 cash to replace a motor on equipment and addition to the building for $225,000 cash is a capital expenditure, whereas, $200 cash per truck and $175 for the monthly cost of replacement filters is a revenue expenditure.
Revenue expenditures ar short expenses employed in this amount or generally inside one year. Revenue expenditures embrace the expenses needed to fulfill the continuing operational prices of running a business, and therefore ar primarily identical as operative expenses (OPEX).
Capital expenditure (CapEx) is cash that's spent to accumulate, repair, update, or improve a set company quality, like a building, business, or instrumentation. A CapEx is totally different from an everyday business, that falls below the expense class.
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Which one of the following is not an advantage of having plants to manufacture athletic footwear in all four geographic regions?
a. Increased ability to achieve a low manufacturing cost advantage over rivals having plants in or geographic regions
b. Increased ability to reduce having plants in all four geographic regions typically reduces a company's footwear shipments into North America Europe-Africa, Latin America, and the Asia-Pacific from plants outside these regions
c. Increased ability to achieve lower reject rates and lower labor costs per pair produced rivals having only 1, 2, or 3 plants l
The correct option is b. Increased ability to reduce having plants in all four geographic regions typically reduces a company's footwear shipments into North America Europe-Africa, Latin America, and the Asia-Pacific from plants outside these regions
The study of places and the interactions between people and their environs is known as geography. Geographers study the surface of the Earth and the various human societies that live there. The study of the Earth is the definition of geography. The study of the locations of the states is an illustration of geography. The climate and natural resources of the area are examples of geography. Example of a geographic sentence. Geographic seclusion has helped state businesses in several ways. She was only exposed to a limited portion of the biosphere because she spent her entire life in the same area. The release of Charles Tissot's Geographic comparison gave them a firm platform (1884).
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Transactions with lenders (borrowing and repaying cash) and stockholders (selling company stock and paying dividends
Financing activities: Deals with creditors (loans and repayment of funds) and stockholders (sale of company stock and payment of dividends).
Transactions between a business and its lenders and owners to obtain or repay resources are referred to as financing operations. In other words, financial activities finance the business, pay back loans, and give owners a profit. Offering and buying back equity are examples of financing activity. Transactions involving debt, stock, and dividends are considered financing activities. The cash flow from financing section includes information on debt and equity financing, which varies depending on the capital structures, dividend practices, and debt conditions that particular organizations may have. Examples of financing activities include issuing bonds and shares, taking out loans, paying off debt, repurchasing shares, etc. Analysts and investors view a company's capital structure as a key barometer of its financial health because it is immediately impacted by these actions.
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Which of the following is NOT considered money? A. Certificates of deposit. B. Credit cards. C. Debit card transactions. D. Money market mutual funds.
Credit cards are not regarded as money. Typically, the annual percentage rate on credit cards is greater APR.
What exactly qualifies as a money market account?Money market accounts, commonly referred to as money market deposit accounts MMDAs, are interest-bearing bank accounts that are especially made to safely retain a depositor's savings. They offer interest on the funds you leave in your account and are often FDIC insured, just like the majority of savings accounts.
Which 3 deposit methods are available?Demand deposits fall into one of three categories within this group: Checking, savings, and money market accounts are the first three types of accounts (we will go into these in more detail later).
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Which of the following does not rely on managerial decisions involving accurate product costing? a. emphasis of a product line b. product price c. product constraints Od. product mix
Product constraints do not rely on managerial decisions involving accurate product costing.
What are the three major types of constraints?Anything that keeps you from moving closer to your product goal is a constraint, according to the definition. It can take many different forms, so it's impossible to create a comprehensive list of all the limits. Depending on its objectives, setting, target audience, technology, geographic location, etc., each product may have a different set of limitations.
Project managers need to be aware of the three main constraints: time, scope, and money. The three limitations or the project management triangle are common names for them. Constraints on a design are restrictions on a design. These include restrictions that are placed on you and over which you have no influence as well as restrictions you place on yourself to enhance a design.
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oil services corp. reports the following eps data in its annual annual report (in million except per share data). net income $3,654 earnings per share: basic $1.56 diluted $1.54 weighted average shares outstanding: basic 2,344 how many weighted average shares were dilutive during the year?
Weighted average shares were dilutive during the year is 14 million.
Basic earnings per share = Net income / weighted average shares
= 1827/1172
= 1.55887
Net income / Diluted = 1827/1.54 = 1186
Diluted shares = 1186 - 1172
= 14 million
The weighted average number of shares is calculated by taking the number of shares outstanding and multiplying the portion of the reporting period covered by those shares for each portion and finally adding up the total.
Simply put, averaging means buying more shares when the price falls in order to reduce the total cost of holding.
The shares with the lowest price are sold first, regardless of the holding period. Stocks with long holding periods are sold first, starting with those with the lowest cost.
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job order costing and process costing are question 3 options: cost flow systems inventory tracking systems pricing systems cost accounting systems
Cost accounting has to do with how much it costs to produce a thing. It aids businesses in cost management, planning, and decision-making that increases cost effectiveness.
What is job order costing?
Cost accounting systems include job-order costing and process costing. The cost of goods or services offered is calculated using job order costing. Contrarily, process costing is used to calculate a product's cost at each stage of production.
Accounting that tracks costs and receipts by "job" and facilitates uniform reporting of profitability by work is known as "job costing." An accounting system must enable the assignment of job numbers to specific expenditures and revenue items in order to support job costing.
Job order costing is a method of costing in which the costs of every product or job are traceable. Process costing is a costing method where costs are calculated based on the number of equivalent units generated when a product is mass produced.
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which problems did critics fear that nafta would cause? multiple select question. competition from other nations building plants in mexico higher unemployment and a lower standard of living in mexico massive loss of jobs in the united states massive migration of u.s. firms to mexico
The critics fear that NAFTA would cause :
Competition from other nations building plants in Mexico
Massive loss of jobs in the United States
Massive migration of U.S. firms to Mexico.
North American free trade agreement (NAFTA) set up a unfastened-exchange region in North the us; it was signed in 1992 by using Canada, Mexico, and the usa and took effect on Jan. 1, 1994. NAFTA right now lifted tariffs on the general public of products produced by means of the signatory nations.
Amongst its 3 member countries, NAFTA eliminated price lists and other change limitations to agricultural and manufactured goods, in conjunction with offerings. It also removed funding restrictions and guarded highbrow belongings rights.
The settlement came into pressure on January 1, 1994. The goal of NAFTA is to eliminate all tariff and non-tariff boundaries of change and funding between the us, Canada and Mexico.
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As a business strategy, the strategy behind "dumping" is to _____
As a business strategy, the strategy behind "dumping" is to earn more profit and exhaust stock domestically.
What is the dumping strategy?Dumping is the policy of exporters to sell goods abroad at lower prices than domestically and is one of the obstacles to international trade.
Dumping is intended to gain as much profit as possible from commodities sold in foreign markets. In addition, dumping still has 2 other objectives, namely:
- Deplete the stock of goods and get more profit.
- Dumping is also used as a strategy to expand market share. The number of consumers will increase when a product is sold cheaply. So this practice is often used to increase the number of consumers and expand its market reach.
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