Answer:
A) climate and soil conditions in Costa Rica which are well-suited for banana production
Explanation:
In international business, comparative advantages refers to the factors that make a certain country able to produce a specific product more efficiently compared to another country.
Banana is considered as a Tropical fruit,.
Having a typically warm climate and nutrition rich soil conditions that suit banana trees really well will make a country able to produce this agricultural product with lesser chance of failure and relatively higher quality. This will make producing banana in Country such as Costa Rica will be cheaper compared to a colder country like Canada.
Answer:
The correct answer is prices in the aggregate are rising, although some particular prices may be falling.
Explanation:
Inflation is a generalized increase in the prices of goods and services in an economy over a period of time.
Inflation exists when the prices of the whole goods and services of an economy increase steadily. That is, when the average price of all goods and services in a country goes up.
The price increase causes the loss of purchasing power of citizens. Or put another way, if there is inflation it means that with the same money we can buy less things than before.
Often it is said that inflation is good, but it is not that it is good in itself, but that although the prices of an economy rise, wages also tend to rise according to that price increase. Thus, in the end the purchasing power of citizens remains stable. It can be good, as long as it is stable and not very high, for the following reasons:
- The rise in prices helps reduce the value of debts, both from households, as well as from companies and the Government. This is because if there is inflation in an economy and our wages rise at the same rate, but the debt remains the same as before, the real value of the debt will be lower than before prices rose.
- The rise in prices also causes people to prefer to consume now instead of later, because then prices will be more expensive. This is fundamental so that money circulates and there is transmission of goods in an economy. It is the gear of capitalism.
Disadvantages of inflation
Its main drawbacks are:
- Loss of purchasing power: If the rise in wages is not at least equal to the rise in prices, the purchasing power will fall. We could be happy if we raise the salary by 10% in one year, but if inflation has been 20%, we can actually buy 10% less with that salary.
- Saving decreases: Inflation causes money to lose value, so it will motivate you to consume and spend money, instead of saving it, since if money is going to be worth less in the future, citizens and investors will prefer to spend it now.
A Group of independent retailers that bands together to set up a together owned, central wholesale operation and execute joint merchandising and promotion efforts exist referred to as a Retailer Cooperative.
<h3>
What is Retailer Cooperative?</h3>
A cooperative that uses economies of scale on behalf of its retailer members is called a retailers' cooperative. Retailers' cooperatives frequently split marketing costs and utilize their collective buying power to negotiate manufacturer discounts. A retailer-owned cooperative, like a purchasing cooperative, combines the resources of various business owners into a single company. Local owners give back to their communities, take part in co-op decision-making, and profit from its success.
Cooperatives offer services where privately owned for-profit companies do not see enough profit potential. Typical cooperatives include credit unions, retail cooperatives, housing cooperatives, power cooperatives, and cooperatives in agriculture.
Hence, A Group of independent retailers that bands together to set up a together owned, central wholesale operation and execute joint merchandising and promotion efforts exist referred to as a Retailer Cooperative.
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The term secondary data denotes the facts and figures that have already been collected prior to the research at hand. In this case the data is about <span>coffee collective and secondary data in this case </span>might include previous years' budgets, old coffee collective marketing activities, internal sales figures, and customer emails.Primary data on the other hand are <span>facts and figures that are collected as part of a projec</span>
Answer:
Business environment includes specific forces such as investors, customers, competitors and suppliers. Non-human or general forces are Social, Legal, Technological, Political, etc. which affect the Business indirectly.