in the craft mini case, global craft capitalizes on its reputation for ________ to promote the products it imports.

Answers

Answer 1

In the Craft Mini Case, Global Craft capitalizes on its reputation for authenticity to promote the products it imports.

Authenticity is a crucial factor in the craft industry, where consumers seek unique, high-quality products that are handmade or produced using traditional methods.

Global Craft sources its products from artisans and small businesses in developing countries, where traditional crafts are still a vital part of the local culture.

By emphasizing the authenticity of its products, Global Craft appeals to consumers who value the cultural and historical significance of the items they purchase.

The company's marketing efforts focus on the stories behind the products, highlighting the skills and traditions of the artisans who create them. By doing so, Global Craft creates a connection between the consumer and the product, making it more meaningful and valuable.

Global Craft also differentiates itself from mass-produced goods by emphasizing the limited quantities of its products.

By importing small quantities of unique, handmade items, Global Craft creates a sense of exclusivity that appeals to consumers who seek products that are not widely available.

Overall, Global Craft's emphasis on authenticity and limited quantities helps the company stand out in a crowded marketplace.

By promoting the cultural and historical significance of its products, Global Craft creates a unique selling proposition that resonates with consumers who value the stories behind the items they purchase.

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Related Questions

mason is part of the union negotiating team. he is gathering information about accident records, employee performance reports, absenteeism and transfers. what step of collective bargaining is he performing?

Answers

The process by which management and union representatives negotiate the employment conditions for a bargaining unit for a designated period of time. The parties have a mutual obligation to bargain in good faith in an effort to reach an agreement with respect to wages, hours, and working conditions.

management consists of the activities of setting the strategy of an organization and coordinating the efforts of its personnel (or of volunteers) to accomplish its objectives via the application of to-be-had sources, inclusive of financial, herbal, technological, and human sources. "Run the enterprise"[1] and "exchange the enterprise" are two principles that might be utilized in management to distinguish between the continued shipping of products or services and adapting of goods or services to meet the converting needs of customers - see fashion. The term "control" can also talk over the individuals who manipulate a corporation—managers.

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write the different profession and human resources related to engineering and explain any two of them

Answers

Answer:

The professions related to engineering includes

Mechanical engineering

Biomedical engineering

Electronics engineering

Chemical (process) engineering

Petroleum engineering

Materials engineering

Human resources related to engineering includes

Welders

Mechanics

Plumbers

Electricians

Fitters

Carpenters

Brick layers

Operators

Machinist

Explanation:

Mechanical engineering profession

Mechanical engineering profession focuses on the branch of engineering that is related to designing, construction, and implementation of machine that provides energy, force or motion, in industry, homes, school, or office to meet the needs of the society

Welder

A welder is a person that regularly makes use of equipment meant for welding to create acceptable quality welds

Which of the following is a style trend?
A. An increase in the population of young parents in a neighborhood
B. The popularity of a new type of jeans
C. An increased concern for protecting the environment
D. The popularity of cell phones that can access the Internet

Answers

Answer:
B

Explanation:

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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How does a production possibility chart assist in outlining.

Answers

Answer:

The first use of the idea of 'sine' in the way we use it today was in the work Aryabhativam by Aryabhata, in AD 500. Aryabhata used the word ardha-jya for the half-chord, which was shortened to jya or jiva in due course. When the Aryabhatiyam was translated into Arabic, the word jiva was retained as it is. The word jiva was translated into sinus, which means curve, when the Arabic version was translated into Latin, Soon the word sinus, also used as sine, became common in mathematical texts throughout Europe.

How does a production possibility chart assist in outlining.

John Rawls' views on income distribution and fairness can best be described by: A. The lesser individuals' duty should be to work for the well-being of the brightest individuals. B. A high level of income inequality is necessary to sustain the arts, beauty, education, and civilization. C. Society's goal should be to maximize the welfare of the least well-off, but some inequality is necessary to meet this goal. D. Property rights should be equally distributed and the market should determine the distribution of income.

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The best alternative option is D. John Rawls' views on income distribution and fairness can best be described by option C: Society's goal should be to maximize the welfare of the least well-off, but some inequality is necessary to meet this goal.

Rawls, a prominent political philosopher, developed his theory of justice based on two key principles: the principle of equal basic liberties and the difference principle. The principle of equal basic liberties asserts that every individual should have equal access to basic rights and freedoms. The difference principle, on the other hand, allows for some degree of income inequality but only if such inequality benefits the least well-off members of society. This principle aims to strike a balance between fairness and efficiency, recognizing that some incentives may be necessary to promote hard work, innovation, and overall economic growth. In this context, Rawls argues that a just society should prioritize the welfare of its most disadvantaged members while acknowledging that some level of inequality may be necessary for the greater good. This approach differs from options A, B, and D, as it does not solely focus on the well-being of the brightest individuals, high levels of income inequality, or equal distribution of property rights. Instead, it offers a nuanced perspective on achieving social justice through a balanced distribution of resources and opportunities.

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Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.

Answers

Answer:

look at my comment

Explanation:

the correlation between assets in a two-asset portfolio increases during a market decline. if there is no change in the proportion of each asset held
T/F

Answers

True. When the correlation between assets in a two-asset portfolio increases during a market decline, it typically indicates that both assets are moving in the same direction, which is downward in this case. This occurs even if there is no change in the proportion of each asset held in the portfolio.

During a market downturn, the correlation between the assets in a two-asset portfolio rises. The volatility of the portfolios is most likely to grow if there is no change in the percentage of each asset held in the portfolio or the anticipated standard deviation of the individual assets. Correlation and covariance are closely related concepts. The relationship between the returns of two assets is measured using this concept in finance. The standard deviation of a portfolio rises as the correlation between the assets in the portfolio increases.

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what is the major impediment to foreign investment in afghanistan?

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One of the major impediments to foreign investment in Afghanistan is the persistent security challenges and political instability in the country.

Afghanistan has been affected by decades of conflict, including the Soviet invasion, civil war, and the ongoing Taliban insurgency. This has created an unstable security environment, characterized by frequent attacks, terrorism, and armed conflict in various parts of the country. The lack of security not only poses a direct threat to foreign investors and their assets but also hampers the overall business environment, making it risky and unpredictable.

The security situation also contributes to other challenges such as weak governance, corruption, and a lack of rule of law. These factors further discourage foreign investors, as they increase the risks and uncertainties associated with doing business in Afghanistan. Investors need a stable and secure environment to operate effectively and protect their investments, and the ongoing security concerns in Afghanistan have been a significant deterrent to foreign investment.

Additionally, Afghanistan faces infrastructure challenges, including inadequate transportation networks, limited access to reliable electricity, and underdeveloped logistics systems.

While efforts have been made to improve the investment climate in Afghanistan, including legal and regulatory reforms, as well as initiatives to attract foreign investment, the persistent security challenges remain a significant obstacle. Resolving the security situation, improving governance, and investing in infrastructure are crucial steps to create a more favorable environment for foreign investment in Afghanistan.

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A firm issued $15 million in preferred stock at a price of $3.25 per share. The preferred shares carry a 13% dividend, or $0.43 annually. After paying fees and costs, the firm realizes $2.89 per share issued. What is the cost of capital for this issuance of preferred stock?

Answers

Answer:

14.8%

Explanation:

Cost of capital for preferred stock can be calculated by a simple formula

Formula: Cost of preferred capital = dividend/(Current price - floatation cost)

As you can see in the question data current price - floatation cost and dividend is already given as $2.89 and $0.43 respectively. We just need to put values in formula.

Cost of preferred capital = $0.43/$2.89 x 100

Cost of preferred capital = 14.8%

What is one way that students can develop managerial skills.

a.making a schedule for a debate team

b.taking notes in social studies class

c.telling a friend

Answers

One of the ways students can develop managerial skills is by making a schedule for a debate team.

How can managerial skills be developed?

Managerial skills comprises the know-how, knowledge and skill needed to coordinate or manage a group of people.

One of the ways that managerial skills can be acquired is by studying management course. For example, human resource management. Another way of acquiring managerial skills is by undertaking managerial roles.

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It is a poor investment to have a certain amount of money set aside for emergencies.T F

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Answer: Having a certain amount of money set aside for emergencies is not a bad investment.

Explanation: An emergency fund is an essential component of personal financial management. While an emergency fund may appear to be a passive investment, its purpose is to provide financial security and protection against unforeseen circumstances. Individuals can lessen the impact of unexpected expenses such as medical bills, car repairs, or job loss by setting aside a specific amount of money for emergencies.

To begin with, an emergency fund serves as a safety net, allowing people to avoid going into debt or relying on high-interest loans when faced with unexpected financial burdens. It provides financial stability and peace of mind by providing a financial cushion to fall back on in times of crisis.

Having an emergency fund can also help you achieve your long-term financial goals. Individuals who keep emergency funds on hand can continue to focus on other financial goals, such as saving for retirement, education, or investments, without fear of depleting their savings in the event of an unforeseen event.

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what is the three-part procedure, and how is it used in the performance of the basic manicure?

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The three-part procedure is a method used in the performance of a basic manicure. It includes three main steps: preparation, treatment, and finishing.

Preparation: The first step in the three-part procedure is preparation. In this step, the manicurist cleans and sanitizes the hands and nails, removes any old nail polish, and files the nails into the desired shape.Treatment: The second step is treatment, where the manicurist applies cuticle cream or oil to soften the cuticles, pushes them back gently, and trims any excess skin or hangnails. Next, the nails are buffed and polished, and a base coat of nail polish is applied, followed by two coats of the desired color.Finishing: The final step is finishing, where the manicurist applies a topcoat of nail polish to protect the color and add shine. After the polish has dried, any excess cuticle cream or oil is removed, and the hands are massaged with lotion.

The three-part procedure is a systematic method that ensures the nails are treated thoroughly and effectively. It is used by professional manicurists to provide clients with a basic, yet comprehensive, manicure service.

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Charters collected the date listed in the transactions below needed for adjusting entries on December 31, 2018 1) Using the General Journal tab, click Add Transaction to journalize each adjusting entry. Click Post Transaction once you complete the entry, then repeat these steps for each transaction. 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Click Submit Work when complete. Transactions: 12/31/2018 The company received its electric bill on December 31 for $375, but will not pay it until January 5. Griffin uses a separate Ubilities Payable account. 12/31/2018 Griffin purchased a three-month boat insurance policy on November 1 for $1,200. Griffin recorded a debit to Prepaid Insurance for the original purchase. 12/31/2018 As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received. SAVE WORK RESET RESULTS SUBMIT WORK BUSINESS REPORTS December 1, 2018 December 31, 2018 COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal ADD TRANSACTION E Crec TASACTION DELETE CHOO TRANSACTIONS 388 & 3 E $ 4 R 5 T 6 Y 7 U . 00 8 9 O a .com/app/4/0d2755/0a9936a025/11a21800161660/problem/15,business/General Journal/view CHAPTER 3 HOMEWORK PREVIOUS 15 NEXT Problem 15: P3-34A Background: Assignment: Griffin Fishing Charters collected the deta listed in the transactions below 1) Using the General Journal tab, click Add Transaction to journalize needed for adjusting entries on December 31, 2018. each adjusting entry. Click Post Transaction once you complete the entry, then repeat these steps for each transaction 2) Click the Reports tab and review the results of recording these transactions on the General Ledger 3) Click Submit Work when complete. Transactions: 12/31/2018 As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received 12/31/2018 Griffin's fishing boat was purchased on January 1 at a cost of $33,500. Griffin expects to use the boat for 10 years and that it will have a residual value of $3,500. Record annual depreciation assuming the straight-line depreciation method is used 12/31/2018 On October 1, Griffin received a $9,000 prepayment for deep-sea fishing charter to take place in December As of December 31. Griffin has completed the charter SAVE WORK Raser RSS WORK BUSINESS REPORTS December 1, 2018 December 31, 2018 > COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Date Accounts Debit Credit No transactions in Journal

Answers

Griffin Fishing Charters was asked to adjust the transactions listed above using the General Journal tab and then review the results of recording these transactions on the General Ledger. Finally, they were to submit their work when complete.

In this question, Griffin Fishing Charters collected data for adjusting entries on December 31, 2018. They were then instructed to use the General Journal tab, click Add Transaction to journalize each adjusting entry, click Post Transaction once they completed the entry, then repeat these steps for each transaction.

The instructions then told Griffin to click the Reports tab and review the results of recording these transactions on the General Ledger. Finally, they were to click Submit Work when complete.

The transactions that needed to be adjusted were the following:

12/31/2018 - The company received its electric bill on December 31 for $375, but will not pay it until January 5. Griffin uses a separate Ubilities Payable account.

12/31/2018 - Griffin purchased a three-month boat insurance policy on November 1 for $1,200. Griffin recorded a debit to Prepaid Insurance for the original purchase.

12/31/2018 - As of December 31, Griffin has earned $3,000 of charter revenue that has not been recorded or received.

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Why is it important that an auditor should have CA (SA) qualification

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Auditors must have extensive accounting knowledge and practical experience. A Chartered Accountant (CA) is a professional who has completed the required academic qualifications, experience, and practical training to qualify as an auditor and become a member of their country's Institute of Chartered Accountants (ICA).

It is critical that an auditor has a CA (SA) qualification for the following reasons:1. The standard of a CA (SA) qualification is known to be very high, and it requires significant time, dedication, and effort to complete. A candidate must complete a four-year degree, complete practical training, pass several board examinations, and complete a certain number of hours of practical work experience to obtain the CA (SA) qualification.2. The CA (SA) qualification has a strong reputation for professionalism, and its members must adhere to strict ethical standards.

As a result, the qualification is well-respected in the accounting and auditing professions, both nationally and internationally.3. The South African Institute of Chartered Accountants (SAICA) provides auditors who have the CA (SA) qualification with continuous professional development, updates on regulatory changes, and other valuable information. This means that auditors are kept up-to-date on new developments and the latest trends in the industry.4. The CA (SA) qualification provides auditors with a thorough understanding of accounting principles and financial reporting requirements.

This knowledge is critical when it comes to auditing financial statements because it allows the auditor to identify any discrepancies or irregularities.5. In South Africa, the Companies Act requires that audits of financial statements must be conducted by a registered auditor who has the CA (SA) qualification. The purpose of this is to ensure that only qualified and competent auditors are responsible for the audit of financial statements.

The CA (SA) qualification is highly regarded, and it provides auditors with extensive knowledge, practical experience, and ethical standards. As a result, it is critical that an auditor has this qualification.

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Which is a characteristic of judging approach

Answers

Answer:

Clarity and Closure

Explanation

Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.

Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.

Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.

given the nature of marketing—and the kinds of criticism it typically gets—marketing should be evaluated:

Answers

given the nature of marketing—and the kinds of criticism it typically gets—marketing should be evaluated critically and comprehensively.

Marketing, as a discipline, plays a crucial role in promoting products, services, and ideas to target audiences. However, it is also subject to various criticisms, such as promoting materialism, manipulating consumer behavior, and creating artificial needs. To ensure ethical and responsible marketing practices, it is essential to evaluate marketing critically.A critical evaluation of marketing involves analyzing its impact on consumers, society, and the environment. This evaluation should encompass aspects like transparency, truthfulness in advertising, respect for consumer rights, consideration of social and environmental responsibilities, and the promotion of fair competition.

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(T/F) a bankruptcy court may deny a discharge based on a debtor’s conduct.

Answers

True. A bankruptcy court may deny a discharge based on a debtor's conduct.

Section 727(a) of the U.S. Bankruptcy Code provides several grounds for denying a debtor's discharge, including, but not limited to, the concealment or transfer of property with the intent to hinder, delay, or defraud creditors, making a false oath or account, and failing to explain a loss of assets. The bankruptcy court may also deny a discharge under Chapter 13 if the debtor fails to complete a court-approved financial management course or if the debtor fails to make the required plan payments. In addition, certain debts, such as those arising from fraud, willful and malicious injury, or intentional torts, may be non-dischargeable even if the debtor otherwise receives a discharge.

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Shelby Organic Foods is a fast growing firm that produces organic frozen food entrees.The firm employs 700 people and expects to hire more in the next few years.Currently,all of the firm's HR tasks are handled internally by Shelby's HR department.However,top executives at Shelby are considering the idea of outsourcing benefits administration.Which of the following questions is LEAST relevant to the decision to outsource Shelby's benefits administration tasks?
A) What is the cost difference for Shelby between handling benefits internally and externally?
B) How much time is spent by Shelby's HR department handling benefits administration tasks?
C) Which Shelby HR professional should oversee benefits administration at the shared service center?
D) How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?

Answers

Answer: C. Which Shelby HR professional should oversee benefits administration at the shared service center?

Explanation:

Of the options given in the question, the questions that are relevant to the decision to outsource Shelby's benefits administration tasks are:

1. What is the cost difference for Shelby between handling benefits internally and externally?

2. How much time is spent by Shelby's HR department handling benefits administration tasks?

3. How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?

The questions above is necessary for Shelby Organic food in order to make the decision. The option that "which Shelby HR professional should oversee benefits administration at the shared service center?" is not relevant.

South Korea's growth has resulted from an economic system described as:A)communismB)laissez-faire capitalismC)globalizationD)state capitalismE)socialism.

Answers

South Korea's growth has resulted from an economic system described as D) state capitalism.

South Korea's economic system can be characterized as state capitalism. State capitalism refers to an economic system in which the state plays a significant role in the economy by owning and controlling key industries and businesses.

In South Korea, the government has actively intervened in the economy, implementing policies that promote industrialization, export-oriented growth, and strategic investments. The state has played a crucial role in guiding and supporting specific industries, providing subsidies, infrastructure development, and other forms of support.

This approach has allowed the government to steer economic development and foster rapid growth in sectors such as manufacturing, technology, and exports. Therefore, option D, state capitalism, accurately describes the economic system that has contributed to South Korea's growth.

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In a financial​ panic, you would expect the money multiplier to _____________ and the money supply to ____________​, which would cause the excess reserves ratio to ______________. Thus depositors are likely to ___________________their holdings of currency.

Answers

In a financial panic, you would expect the money multiplier to decrease and the money supply to contract, which would cause the excess reserves ratio to increase. Thus depositors are likely to increase their holdings of currency.

During a financial panic, there is a rush among depositors to withdraw their funds from banks, which causes a decrease in bank deposits. This, in turn, reduces the amount of reserves available to banks, which limits their ability to lend and create new money. As a result, the money multiplier decreases, and the money supply contracts. In order to meet the demand for cash withdrawals, banks must increase their excess reserves ratio, which means holding a larger proportion of deposits as cash. This can lead to a shortage of reserves, making it harder for banks to lend and create new money. To protect themselves, depositors may increase their holdings of currency, further reducing the amount of reserves available to banks and exacerbating the contraction in the money supply.

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massive dynamics has an ebit of $2 million per year forecast in perpetuity. its cost of equity is 16% and its tax rate is 28%. if massive dynamics borrows $5 million, what will be the value of the firm?

Answers

If massive dynamics borrows $5 million, then the value of the firm is 10.40 million.

Value of all equity Firm =EBIT(1-Tax Rate)/Cost of Equity =2000000(1-28%)/16%=9000000

Value of the firm =Value of all equity firm +Debt ×Tax Rate =9000000+5000000 ×28% =10,400,000 or 10.40 million

An investment company that uses its own money or capital from other investors for its expansion and startup operations is referred to as an equity firm or private equity firm. Typically, equity firms do not have a public listing and their shares are not traded on the stock exchange. The market value of a company is determined by adding the market values of all outstanding debt, common shares, and preferred shares. Comparing the market value of capital (equity) to the adjusted value of capital yields this measurement (equity).

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Note: Attempt any ONE question.
(1 x 20 = 20)
Q3. From the following particulars prepare a Treble Column Cash Book of Ahsan Trading Co.:
2013
May 01: Cash in hand Rs. 42,500 and at bank Rs. 50,000.
May 03: Purchased goods for cash Rs. 8,000.
May 06: Deposited into bank Rs. 6,500
May 07: Sold goods for cash Rs. 17,000 and amount is deposited into bank.
May 08: Sold goods to Farhan on credit Rs. 10,000.
May 10: Received from Farhan a cheque for Rs. 9,800 in full settlement of his account.
May 12: Paid Farhan's cheque into bank.
May 15: Paid salaries Rs. 5,000 by cheque.
May 18: Paid by cheque to Azhar Rs. 4,900 and discount received Rs. 100.
May 21: Withdrew cash Rs. 4,500 for personal use.
May 24: Goods sold to Kamran for cash Rs. 15,000.
May 26: Paid advertising expenses Rs. 900.​

Answers

Answer:

WHats the question. Please let me know as soon as possible

Explanation:

Which one of the following transactions is included in a current year's GDP as investment spending?
Select one:
a. Ronnie bought a new BMW.
b. ABC company purchased 10,000 shares of IBM stock.
c. Maggie bought a play-gym set for her day-care business.
d. Anton purchased his friend's condo.

Answers

Maggie bought a play-gym set for her day-care business is included in a current year's GDP as investment spending.

How can spending on investments boost GDP?

Business investment has the potential to affect both the short- and long-term expansion of the economy. A growth in business investment directly raises the current level of gross domestic product because physical capital is created and sold (GDP).

What elements make up the GDP?

Government spending, corporate investment, consumer consumption, and net exports make up the GDP's four main components. Residential investment (housing), inventory investment, and commercial fixed investment are the three types of investment spending.

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hussain after doing his graduation has decided to run a retail shop as a source of livelihood. ii. He procures the goods from the wholesalers according to the consumer's demand and maintains a regular supply of goods to his customers. [5] TGIS-Raipur 4 / 5 iii. Customers are well satisfied with his services due to which his sales turnover is very high and he is earning a good return on his capital employed. iv. Seeing his Successful business, two other retailers have also opened their shops in the same area giving him tough competition reducing his market share and margin of profits. But Rohit knows, in spite of his best efforts put into the business, there is always the possibility of inadequate profits or losses. a. Identify the economic activity Rohit is engaged in. b. Enlist the features of identified economic activity with reference to the underlined words in each sentence given above.​

Answers

A) Business is an economic activity.

B) features are profit earning- as it is essential for survival growth and expansion of business

Dealings in goods and services on a regular basis - and not merely one single transaction of sale or purchase.

The four major economic activities are resource management, production of goods and services, distribution of goods and services, and consumption of goods and services.

Agriculture, fisheries, mining, and forestry. Manufacture of finished products. Manufacture of technology, consumer goods, furniture, vehicles, and clothing. The provision of intangibles is commonly referred to as a service.

Economic activity is the activity by which people provide, produce, purchase or sell goods and services to meet their daily needs. Economic activity includes all activities related to the manufacture, sale, or use of products or services.

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why would the consumption function (if extended) intersect the spending axis at a positive value? what does this mean? is it realistic?

Answers

The consumption function (if extended) intersect the spending axis at a positive value means it is increasing .

What is consumption function?

The link between total consumption and gross national income may be modeled using an economic formula called the consumption function, sometimes known as the Keynesian consumption function. The function was first proposed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumer spending.

According to the traditional consumption function, income and changes in income are the only factors that affect consumer spending. If this is the case, aggregate savings should rise proportionately to the GDP's long-term growth. The objective is to establish a mathematical connection between consumer spending and disposable income, but only on an overall scale.

The stability of the consumption function, which is partly based on Keynes' Psychological Law of Consumption, is particularly noteworthy in light of the volatility of investment.

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The revenue recognition principle dictates that revenue should be recognized in the accounting records.

Answers

The revenue recognition principle dictates that revenue should be recognized in the accounting records in which it is earned.

What are accounting principles?

Generally accepted accounting principles refers to collection of commonly known and followed accounting rules and standards for financial reporting.

The four general accounting principles are:

1. Expense Recognition: This principle shows that costs are recognized when the relevant revenue is realized.  

2. Measurement: This principle states that a company only needs to record a transaction if it can be expressed in money.

3. Revenue Recognition: This policy states that revenue is recognized when it is recognized and not necessarily when it is paid.

4. Full Disclosure: This principle requires public companies (those who buy and sell shares in the open market) to disclose all relevant financial information to shareholders .

Hence, the revenue recognition principle dictates that revenue should be recognized in the accounting records in which it is earned.

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All of the following characterize both perfectly competitive and monopolistically competitive markets EXCEPT: Price is equal to average revenue. Price is equal to average revenue. A Individual firms produce output where marginal cost equals marginal revenue. Individual firms produce output where marginal cost equals marginal revenue. B Firms can affect the selling price of their product. Firms can affect the selling price of their product. C The market has a large number of firms. The market has a large number of firms. D Firms can easily enter or exit the market.

Answers

Ok so all the Characters in the market price or equal to the average individual firm produce but I put on the cost equals

.Better ideas or technological knowledge causes:
A. the production function to shift upward.
B. the depreciation function to shift downward.
C. the production function to shift downward.
D. the investment function to shift downward.

Answers

Better ideas or technological knowledge cause the production function to shift upward. So, the correct answer is A.

The production function to shift upward. This is because improved ideas and technology increase the overall efficiency and productivity of an economy.

The production function represents the relationship between inputs (such as labor and capital) and outputs (such as goods and services) in an economy. It shows how much output can be produced with a given set of inputs.

Technological advancements and better ideas can lead to an improvement in the efficiency and productivity of the production process, resulting in an upward shift of the production function.

When there are better ideas or technological knowledge available, the same amount of inputs can produce a greater quantity of output. This is because new technologies, techniques, or innovations enable workers and firms to produce goods and services more efficiently.

For example, advancements in machinery, automation, computer systems, or production techniques can streamline processes, reduce costs, and increase output per unit of input.

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Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.

more governmental regulation

less property ownership

less variety of product

lower prices

Answers

Answer:

lower prices

Explanation:

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a pure market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

Due to the fact that producers compete with each other in this type of economy, prices would be lower to attract customers

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