Answer:
Comparative advantage.
Explanation:
Comparative advantage is the ability to produce good and services at a lower opportunity cost compared to others , leading to lower selling price and competitive advantage over others .
Specialization is about concentrating on producing a few products in order to
build brands , expertise and gain maximum productivity leading to a reduction in selling price and a comparative advantage.
Option C
If expectations of the future inflation rate are formed solely on the basis of a weighted average of past inflation rates, then economics would say that expectation formation is: adaptive.
<u>Explanation:</u>
Adaptive expectations hypothesis implies that investors will modify their expectations of future behavior based on current prior behavior. In finance, this impact can effect people to produce investment decisions based on the way of contemporary historical data, such as stock price activity or inflation rates, and modify the data to prophesy future exercise or rates.
If the market has been trending downward, people will possible expect it to proceed to trend that way because that is what it has been acting in the recent past.
An industry's overall strong sales or effective operations can be indicated by high inventory turnover. Lead time describes the amount of time needed to perform a procedure from start to finish.
<h3>What are the benefits of lead time in business?</h3>
In many sectors, lead time is a crucial statistic. To prevent a supply delay, which could have a severe impact on customer satisfaction, contractor dependencies, and cost efficiency in general, it is essential to calculate lead times accurately and consistently.
<h3>Why is the inventory so high?</h3>
It typically denotes some sort of mismanagement of stock demand as a result of things like excessive purchases, incorrect predictions, canceled orders, a poor economy, unexpected weather changes, uncertain consumer demand, or late or early delivery of goods.
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Answer:
Period costs are expensed when incurred and Period costs do not flow through the inventory accounts.
Explanation:
Period Costs are not included in the valuation of the product and these mostly include all non-manufacturing costs. They are included as an expense in the period in which they are incurred.
Answer: 10.81%
Explanation:
The annual percentage rate is the percentage cost of credit on yearly basis.
APR will be calculated
= [(2 x n x I) /( P x ( N + 1)]
where,
n = number of months = 12
I = Finance cost = Interest + service charge = $70 + $12 = $82
P = Borrowed amount = $1,400
N= Loan period = 12
We'll then slot the values into the annual percentage rate (APR) formula and this will be:
= ( 2 x n x I) /( P x ( N + 1))
= ( 2 x 12 x 82) /( 1400 x ( 12 + 1))
= 0.1081
=10.81 %
