Answer:
c. comparative advantage in
Explanation:
In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.
North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.
Answer: Option E
Explanation:
A. Poor quality inventory will not be sold leading to excess of it thus it is a reason.
B. Large set up times will lead to loosing of customers, thus, reason for excess inventory.
C. Unreliable equipment urges for overproduction while the equipment is working efficiently thus it is a reason for excess inventory.
D. Poor employee relationships effects organisation process which might lead to delay in sales thus, a reason for excess inventory.
E. Workers union establishes efficiency in the work performance of labor, thus, it is not a reason in excess inventory.
Answer: His employees are regularly rewarded for their success in meeting company goals. <u><em>Quality Catering has a market culture.</em></u>
Market culture is a type of organizational culture which accentuate on the aggressiveness not only within the administration and market contender but also between worker. The model is assertive, competitive and capitalistic.
Answer: A. The inability of a plant asset to meet its demands.
Explanation:
When something is said to be inadequate, it means that it is not in enough quantity or rather lacks the capacity to perform the tasks that it is needed for.
The same goes when this is being spoken in relation to an asset. A plant asset that is inadequate is unable to meet the demands that it was acquired for.
Answer:
it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if it produced it domestically.
Explanation:
A country has comparative disadvantage in production if it produces at a higher opportunity cost when compared to other countries.
The country with a comparative disadvantage can gain from trade by trading the good with a country that has comparative advantage in the production of that good. i.e. the country produces at a lower opportunity cost
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country B has a comparative disadvantage in the production of beans and country A has a comparative disadvantage in the production of rice
Country B should buy beans from A and A should buy rice from B