tell me about a situation when you had to solve a complex problem. how did you use your technical skills and what was the outcome?
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A situation when I had to solve a very complex problem in my life is that when my son purchased some new furniture for his apartment and requested me to assist in assembling it because, as is customary, it arrived in the least number of pieces possible after being dismantled.
There was one issue—two pages were missing from the instructions. Therefore, I had to improvise and utilize my creativity as well as my years of technical experience to figure out which screw went where and how to join and glue various parts together to ensure that the intended result was achieved. And I have to say that I have thoroughly liked the process.
Because while it is wonderful to follow a simple guide and complete the task quickly, it is also beneficial to occasionally push your mental limits in order to determine if you still have the ability to solve a technical problem on your own, without consulting the manuals. In my previous position providing technical support, I did that on a daily basis. When people called me with gadget issues, I tried to solve them remotely the majority of the time. Which is frequently more challenging than it first appears because they frequently struggle to adequately identify the issue and may have trouble following your instructions. But with a 90% success rate, I was able to solve nine out of ten problems tickets.
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how long will it take for vermont to double its economy if it maintains this growth rate? give your answer to two decimals.
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The main agricultural products from this state are those related to nurseries and greenhouses. Vermont is the nation's №1 producer of maple syrup.
What is economy of Vermont?
Vermont's GDP increased by 0.5% from 2021 to $30.2 billion in 2022. Over the five years leading up to 2022, Vermont's GDP increased at an annualised rate of 1.8%. In addition, Vermont is ranked 41st out of the 50 US states for GDP growth during the previous five years.
A country's economy doubles in size during the course of how many years it takes to expand by its percentage growth rate, divided by 70. For instance, if an economy expands at 1% year, it will take 70 / 1 = 70 years for that economy to double in size.
Subtract the growth rate from 70 and double the result. The number of years needed to double is the outcome.
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Im on a time crunch and need help. Ill give a good answer brainiest!!
JUST WRITE A SHORT SUMMARY OF THIS.
Let’s move on to the next ‘flavor;’ the Manufacturing career cluster covers the planning, managing, and processing of materials to create a final product. It also involves technical support, as well as maintenance and engineering. Whew! That’s a doozy of a definition. Basically, you can think of manufacturing as the people who work together to create something. They build, much like builders, but they create pieces and items. Manufacturing differs from building because it involves building items and components not large structures. Have you ever stepped inside a factory? A factory is a large space where manufacturing happens. Examples for a factory might include manufacturing car parts or packaging for food.
A man in a blue hard hat and coveralls works at a milling machine in a factory with another man looking over his shoulder.
The Manufacturing cluster presents careers that make components that are smaller than a building.
Let’s think back to Xavier again. Xavier looked into a company that built (or manufactured) different parts of a home for him. People who work in the Manufacturing career cluster would put together all of the separate parts needed for Xavier’s home, and Xavier would do the actual building or constructing of those parts to build the structure of his house.
Pathways in the Manufacturing Cluster
The Manufacturing career cluster has many career pathways that fall underneath it. We are going to scoop into those flavors one by one to get a better look at what falls into each.
Production Pathway
The first pathway we are going to discuss is the Production pathway. The Production pathway includes jobs/careers that work directly on the shop floor making or assembling parts. Remember, we discussed that many of these jobs and careers are in a factory. Working on the shop floor means they are working on the main floor of the factory where they assemble and create parts and materials. For jobs and careers in this cluster, you need a keen eye for detail, the ability to work with precision (or a high level of detail), and knowledge of how pieces and parts fit together. Jobs in this career pathway typically require a high school degree or apprenticeship if you are working on simpler projects, but if you are making and assembling very complicated parts (like technical parts for electronics), you may need a higher degree such as an associate, bachelor’s, or master’s.
Manufacturing Production Process Development Pathway
A person sketches out designs for cardboard boxes with several prototypes littering the drawings.
The Manufacturing Production Process Development pathway holds exciting careers like product design.
This pathway is a mouthful. The Manufacturing Production Process Development pathway includes employees who are responsible for product design and design of the manufacturing process. You can think of this pathway as architects, in a way, as they are the creative (and technical) force that puts together the product design (or how the product will look) and the process needed to make it look that way. Essentially, they decide how things get created and assembled. People in this pathway work with customers as well, bringing their visions to life. If the customer wants to package their new product in blue boxes with an orange ribbon tied around them, people in this career pathway will give an example of what this finished project will actually look like and how they will create them by the masses so all look identical. When designing packages, people in this pathway will usually work in an office, but others in this career cluster work on the factory floor, watching and tweaking the packaging process as it happens. Some jobs and careers in this pathway include design engineers, electronic technicians, electronic engineers, manufacturing engineers, manufacturing technicians, etc. Most jobs in this career cluster require at least an associate degree or higher depending on the types of designs and processes they are creating.
Maintenance, Installation & Repair Pathway
The Maintenance, Installation & Repair pathway is another mouthful. This pathway covers jobs and careers that perform preventative maintenance procedures on machines, tools, and equipment. They make sure that any machines and tools that are being used for a particular project are always up and running their best. They perform routine and regular checks on machines, as well as troubleshoot and repair electrical, electronic, and mechanical systems. People in this pathway are problem solvers. They are good at going in, seeing what’s not working, and fixing the problem ASAP. They also know how to best prevent problems before they even happen. Some jobs and careers that are included in this pathway are computer repair people, facility electricians, industrial maintenance workers, technicians, and mechanics.
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these are not answers comments nobody know how to help with this
With regard to suppliers, just-in time typically require: Group of answer choices buyer inspection of all goods and materials. delivery of large lots at regular intervals. the lowest price possible. multiple sources from which to purchase. long-term relationships and commitments.
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Answer: long-term relationships and commitments.
Explanation:
Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!
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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.
The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.
Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.
Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?
A. He might change his position to include some foreground items such as rocks or grasses.
B. He might tilt his camera up to better capture the tops of the hills.
C. He might add some framing trees in the middle ground of his image.
D. He might circle around to the side of the hills to capture the cows standing on top.
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Dewey is a corporate officer of Energy Corporation. Dewey serves in a representative capacity for the corporation's owners. With respect to binding the corporation to contracts, Dewey isa. not an agent, an employee, or an independent contractor but does have the authority.b. an agent and has the authority.c. an employee and does not have the authority.d. an independent contractor and does not have the authority.
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b. Dewey is an agent and has the authority. As a corporate officer of Energy Corporation, Dewey acts as an agent of the corporation and has the authority to bind the corporation to contracts.
Corporate officers are typically given the power and authority to act on behalf of the corporation in various matters, including entering into contracts. They represent the corporation's interests and have the ability to legally commit the corporation to contractual obligations. Being a representative of the corporation's owners, Dewey's role as a corporate officer includes making decisions and taking actions that are within the scope of their authority. While the specific extent of Dewey's authority may be defined by the corporation's bylaws or other relevant documents, it is generally understood that officers have the authority to enter into contracts on behalf of the corporation, subject to any limitations or guidelines imposed by the corporation's governing documents or applicable laws.
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Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
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Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
What is the total future value six years from now of $125 received in one year, $250 received in two years, and $500 received in six years if the discount rate is 9.00 percent? Hint: draw a time line. A) $1,045.22 B) $1,047.93 C) $1,145.57 D) $1,237.21 E) $1,269.15
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The total future value is E) $1,269.15 for the six months.
Present value of $125 received in one year =$125
Present value of $250 received in two years =$250
Present value of $500 received in six years =$500
Time period(t)=6 years
Discount rate(r)=9%
To calculate the future value of the above investment for six years from now, we need to use the future value formula.
Future value formula:
FV= PV (1+r)t
FV= Future value
PV= Present value(known amount of money)
r= Rate of interest
t= time period (in years)
Substituting the given values in the formula and calculating, we get;
Future value of $125 in one year = $125(1+0.09)⁶ = $216.34
Future value of $250 in two years = $250(1+0.09)⁴ = $333.97
Future value of $500 in six years = $500(1+0.09)⁰ = $500
Total Future value = $216.34 + $333.97 + $500 = $1,050.31.
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The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit
Answers
Answer:
Limit
Explanation:
Answer:
D. Limit
Explanation:
as a firm moves from the sales era to the marketing department era it is likely to:
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As a firm moves from the sales era to the marketing department era, it is likely to experience several changes in its overall approach to business.
During the sales era, firms focused primarily on selling their products to customers, often using aggressive tactics to close deals and meet sales targets.
However, in the marketing department era, firms are more focused on building relationships with customers and creating long-term value for them.
This shift in approach can have several benefits for firms. For one, it can lead to increased customer loyalty and retention, as customers are more likely to remain loyal to companies that provide them with personalized, high-quality products and services.
Additionally, the marketing department era allows firms to better understand their customers' needs and preferences, which can help them tailor their offerings and improve their overall business strategy.
Overall, the move from the sales era to the marketing department era represents a significant shift in the way that firms approach their business.
While the focus on sales will always be important, companies that prioritize marketing and customer relationships are likely to enjoy long-term success and profitability.
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Plasti-tech Inc. has decided to go public and has sold 2 million of its shares to its underwriter for $20 per share. The underwriter then sold them to the public for $22 each. Plasti-tech also encountered $0.5 million in administrative fees. Soon after the issue, the stock price rose to $25. Find Plasti-tech Inc.'s total cost of this issue including any underpricing.
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Plasti-tech Inc.'s total cost for this issue, taking into account the underpricing and administrative fees, amounts to $46 million.
Plasti-tech Inc.'s total cost of the issue can be calculated by considering various components.
Firstly, the underwriter purchased 2 million shares at $20 per share, resulting in a cost of $40 million for Plasti-tech.
Secondly, the underwriter sold these shares to the public at $22 each, generating revenue of $44 million.
The administrative fees of $0.5 million are deducted from this revenue, leaving a net revenue of $43.5 million.
Next, we need to calculate the underpricing, which is the difference between the stock price at the time of the issue and the stock price after it rose. The underpricing is ($25 - $22) per share. Multiplying this by the number of shares sold (2 million) gives a total underpricing of $6 million.
Therefore, the total cost for Plasti-tech Inc.'s issue, including the underpricing, is the initial cost of $40 million plus the underpricing cost of $6 million, which equals $46 million.
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Market demand is given as QD=250−0.5P. Market supply is given as QS=2P+200. Each identical firm has MC=0.5Q and ATC=0.25Q+(6/Q) (ATC is at minimum when Q=4.9). What quantity of output will each firm produce? a. 10 b. 50 c. 20 d. 40
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Each firm will produce 40 units of output (option d) in the given market.
To determine the quantity of output each firm will produce, we need to find the equilibrium price in the market and then substitute it into the firm's marginal cost (MC) function to calculate the corresponding quantity.
First, let's find the equilibrium price by setting the quantity demanded equal to the quantity supplied:
QD = QS
250 - 0.5P = 2P + 200
Combine like terms:
250 - 200 = 2P + 0.5P
50 = 2.5P
Divide both sides by 2.5:
P = 20
Now that we have the equilibrium price, we can substitute it into the firm's marginal cost function to find the quantity:
MC = 0.5Q
0.5Q = P
0.5Q = 20
Divide both sides by 0.5
Q = 40
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PLEASE help im stuck
What management principle caused the cost per bushel to change? Explain how the principles applied to this example.
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Answer:
Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.
7. The idea that business demand comes from a demand for consumer goods is referred to as
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One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
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Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
Planet Gym offer a ilver memberhip and a gold memberhip. The Gold Memberhip ha a ign-up fee of $110 and a monthly fee of $64. The ilver memberhip ha NO ign-up fee and a monthly fee of $74. When will the two type of memberhip cot the ame amount and how much would they cot?
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However, Planet Fitness offers a $10/month membership for 30 years. The no-frills gym chain hasn't raised prices, making him one of the few to keep prices the same despite experiencing the highest inflation in decades.
In the US, gym memberships typically cost about $50 per month. Boutique gyms and high-intensity classes double and triple that for him.
However, Planet Fitness offers a $10/month membership for his 30 years. The no-frills Jim chain hasn't raised prices, making it one of the few to keep prices the same despite experiencing the highest inflation in decades.
Planet Fitness advertises a $10 fitness plan with an annual fee and free exercise in their commercials. The company sponsors a New Year's Eve party in Times Square to get people looking to sign up for membership resolutions.
This almost divine $10 price tag has become a key component of the company's branding his positioning as an accessible, "non-judgmental" club that encourages casual athletes. A Planet Fitness member typically sees him 5-6 times a month, and about 60% of them he hasn't visited in 30 days.
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Which of the following applies to where a managerial accounting system can be useful?
a. to prepare specialty reports to assist with providing cost data on products.
b. to prepare data needed for managers to make decisions on where to allocate scarce resources
c. to provide useful information to business decision makers
d. to collect and analyze data regarding the success or failure of a new product launch
e. All of the above
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A managerial accounting system is designed to provide useful information to internal decision-makers within an organization. The correct answer is e. All of the above.
A managerial accounting system serves various purposes and can be useful in several areas, including:
a. Providing cost data on products: Managerial accounting systems can generate specialty reports that provide detailed cost information on different products or services. This information helps managers understand the cost structure and profitability of individual products, enabling them to make informed decisions about pricing, product mix, and resource allocation.
b. Decision-making on resource allocation: Managerial accounting systems collect and analyze data to provide managers with the necessary information to allocate scarce resources effectively. This includes determining the optimal allocation of financial resources, labor, and other inputs to maximize profitability and efficiency.
c. Providing useful information to decision-makers: The primary objective of managerial accounting is to provide timely and relevant information to decision-makers within an organization. This information can include financial and non-financial data, performance metrics, budgets, forecasts, and other analyses that assist managers in evaluating performance, identifying trends, and making informed decisions.
d. Analyzing the success or failure of a new product launch: Managerial accounting systems can track and analyze data related to the launch of a new product. This includes collecting information on costs incurred during the development and launch phases, tracking sales and revenue generated, and assessing profitability. Such analysis helps management evaluate the success or failure of the new product and make necessary adjustments to improve performance.
In conclusion, a managerial accounting system can be useful in various ways, including preparing specialty reports, providing information for resource allocation decisions, offering useful information to decision-makers, and analyzing the success or failure of new product launches. Therefore, the correct answer is e. All of the above.
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Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?
a) it made the products more consistent in various stores
b) franchise law demands is kind of central production
c) It is always cheaper to use this method
d) The company was having problems with distributors
Answers
Answer:
Option A
Explanation:
In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company. Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.
They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,
Each of the following firms benefits from barriers to entry in its industry. Indicate whether each of the barriers is natural or government created.
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We indicate the natural ones and those created by the government:
The Coca-Cola Company - government created.Apple, Inc. - natural.Ford Motor Company - natural.Procter & Gamble - natural.Barriers to Entry for Coca-Cola, Apple, Ford, and Procter & GambleThe Coca-Cola Company - The company has a unique recipe that is protected by a trade secret. It also has a strong brand that is very well-known and recognizable.Apple, Inc. - The company has a very strong brand and a loyal customer base. It also has a strong ecosystem of products and services that work well together.Ford Motor Company - The company has a strong brand and a long history. It also has a large dealer network and a large customer base.Procter & Gamble - The company has a large customer base and a long history. It also has a strong brand and a large product portfolio.Each of the following firms benefits from barriers to entry in its industry.
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The news headline "Wal dash Mart to carry 'morning dash after' contraception comma" deals with the ______ question(s) of economics.A. whyB. whatC. howD. what and howE. for whomfor whom
Answers
Answer:
B. what
Explanation:
The questions in economics seek to solve the problems of production in a society, given that resources to produce are limited. The questions are what to be produced, how it should be produced, and for whom it should be produced.
Hence, in this situation, the correct answer, is option B, as the deals with the WHAT question(s) of economics.
assume the following information: milling department materials conversion total cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 costs added during the period 291,600 385,000 676,600 total cost $ 301,600 $ 400,000 $ 701,600 assume the equivalent units of production for materials and conversion are 5,200 units and 5,000 units, respectively, using the weighted-average method. if 4,620 units were completed and transferred to the next department, then what is the total cost of the ending work in process inventory in the milling department?
Answers
The total cost of the ending work in process inventory in the milling department is $39,200
Given,
Total cost of beginning work in process inventory = $10,000 $15,000 $25,000
Costs added during the period = $291,600 $385,000 $676,600
Total cost = $301,600 $400,000 $701,600
Thus, the computation of the total cost of ending work in process is shown below:
Equivalent cost per unit
Material = $301,600 ÷ 5,200 units = $58 per unit
Conversion = $400,000 ÷ 5,000 units = $80 per unit
Now, ending work in process is calculated below-
= 400 units × $58 + 200 units × $80
= $23,200 + $16,000
= $39,200
Hence, the total cost of ending work in process is $39,200.
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Which of the following can help you evaluate the performance of your ads and other marketing strategies? A. Asking competitors what they think of your advertising strategy B. Collecting secondary data about your target market C. Asking customers how they found out about your company or product D. Sending out a press release multiple times
Which of the following types of advertising is most likely to help establish your company's credibility?
a. TV advertising
b. Internet advertising
c. Radio advertising
d. Word of mouth promotion
Which of the following marketing messages are consumers most likely to trust? A. A TV commercial B. An article about the company in a city newspaper C. An Internet advertisement D. A phone conversation with an employee of the company Which type of data does your company collected from customers or potential customers A. positioning data B. market share data C. primary data D. secondary data
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Collecting secondary data about your target market evaluate the performance of your ads and other marketing strategies.
TV advertising is most likely to help establish your company's credibility.
An article about the company in a city newspaper marketing messages are consumers most likely to trust.
Market research is a tool that successful business owners utilize to stay on top of trends, make wiser decisions, and keep their company's competitive edge. Research is essential to comprehending your target audiences and boosting revenue, whether you're establishing or growing your organisation.There are times when business owners require more precise data on the size of their market, their target clients, and the most effective ways to approach them. Recently, we finished a study for a customer who had created a brand-new kitchen product and was looking for information on her target market. Here are some details about typical buyers for this new product that we wanted to learn.
Many business owners aspire to increase their efforts in sales and brand awareness. The efficacy of your marketing initiatives can be determined thanks to market research. We can create surveys to get consumer opinion on the style and feel of your marketing messaging. We can gauge consumer knowledge of and response to particular marketing initiatives and campaigns.
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what is one of the effects that the internet has had on bussiness?
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The main types of markets are called _____.
residential
consumer
industrial
customer
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Lightskins or Darkskins
Or Other ?
Answers
Answer:
any kind of boy
Explanation:
I have no type
3. What could be done for the ratio(s) that were not favorable to the nursery that you chose? (5 pts)
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The science and practice of nursery management can be improved by choosing the right use of soil, fertilizers, nutrients and supply of clean water.
What is nutrient management?Nutrient management is the process of matching a particular crop management conditions, field soil, and climate condition to the 4R nutrients.
The 4R nutrients are
RatePlaceSourceTimingHow to improve the unfavourable ratio?
To answer this question, we make use of soil and nutrients management as a ratio to improve the nursery.
It follows that using the right soil in planting a particular type of crops helps to reduce some negative result or unfavourable condition which stands to impede economic growth.
The correct use and adequate supply of fertilizers can help to provide a favourable condition in the nursery.
In nursery production, employing clean water can go a very way to help improve the quality of these nursery lives and management as contaminated water reduces the productivity of the nursery.
In conclusion, we can now confirm that when we introduce the right measures in the nursery practice such as soil and nutrients management, it can help improve the ratios of the nursery.
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Complete question:
What could be done to improve the practice of nursery management that you chose
although the majority of americans think budgeting is important, about______ of americans actually use a budget.
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Gross Domestic Product or GDP can be
a)Value of output of goods and services during one year
b) National Income
c)National Output
d)Aggregate Demand
e)All the stuff made by one country in one year
f)All of the above or any of the above
Answers
Answer:
f)All of the above or any of the above
Explanation:
GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.
GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.
In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.
during which stage of a project are most risks typically uncovered?
Answers
During the Planning stage of a project, most risks are typically uncovered. It is the first stage of the project management process, and it is important to make sure that all the necessary groundwork is done before the project begins.
In order to ensure that the project is completed successfully, it is important to identify any potential risks or issues that may arise. Once these risks have been identified, the project team can develop strategies for mitigating them.In the planning phase, the project team should take the time to assess the risks associated with the project. This can be done by reviewing historical data from similar projects, conducting interviews with stakeholders, or utilizing other risk assessment tools.
Once the risks have been identified, the team can work to develop contingency plans that will help to minimize the impact of any potential issues that may arise during the project. The goal of the planning stage is to identify and manage risks effectively so that they do not derail the project or cause delays or additional expenses.
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As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mitigate the ________ of the airline industry, karyn explores options for her company to manufacture its own airplanes.
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To mitigate the bargaining power of suppliers of the airline industry, karyn explores options for her company to manufacture its own airplanes.
What is bargaining power of suppliers?Bargaining power of suppliers occur when companies or organization are under pressure when the price of the product they purchase from a supplier increase or when their is scarcity of the product.
Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.
Therefore to mitigate the bargaining power of suppliers the company should manufacture its own airplanes.
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Are the following statements true or false? Explain in each case.
“Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods.”
“Certain very talented people have a comparative advantage in everything they do.”
“If a certain trade is good for one person, it can’t be good for the other one.”
“If a certain trade is good for one person, it is always good for the other one.”
“If trade is good for a country, it must be good for everyone in the country.”
Answers
1. True. Even if one country has an absolute advantage in the production of all goods, both countries can still benefit from trade if the other country has a comparative advantage in the production of certain goods.
2. False. Even the most talented people are not good at everything but they might be better at some things than others, but they cannot be excellent at everything.
3. False. Trade can be beneficial for both parties involved.
4. False. Trade can be beneficial for one party but not necessarily for the other.
5. False. International trade can have negative consequences for certain groups of people.