Explain how each of the following was key to industrialization: (a) coal, (be) iron, (c) better methods of transportation.

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Answer 1
Answer: Coal was key to industrialization because it was used as fuel to run the factories. Iron was crucial for developing a wide array of tools and machinery. It was also important for the creation of railroads.The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances.There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads.Transportation was important because people were starting to live in the West. During this time period, transportation via water was the cheapest way to move

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Identify the two major types of nonproduction transactions that are not included in GDP.

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Explanation:

The two major types of nonproduction transactions that are not included in GDP are financial transactions, such as buying and selling stocks and bonds, and secondhand sales, such as buying a used car or furniture. These transactions do not involve the production of new goods or services and therefore do not contribute to the overall output of the economy.

To enter markets where superior profits are possible, an MNC should do which of the following? a. establish a subsidiary or acquire a competitor in a new market. b. acquire a competitor that has controlled its local market. c. establish a subsidiary in a market where tougher trade restrictions will adversely affect the firm's export volume. d. establish subsidiaries in markets whose business cycles differ from those where existing subsidiaries are based.

Answers

Answer:

a. establish a subsidiary or acquire a competitor in a new market

Explanation:

In the market where superior profits are possible to be generated, MNC should establish its subsidiary or acquire competitor. This is because in the home market, it has already been saturated or the competition is intense. so that need to penetrate into new market to seek for potential demand. So that MNC can choose either setting up subsidiary or acquiring competitors to achieve the objectives of different sources of demand available to exploit.

Madison has an account that pays different interest rates depending how much she has in her account. This type of interest rate is called a _____.nominal interest rate
variable interest rate
real interest rate
annual percentage yield

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The correct answer for the question that is being presented above is this one: "variable interest rate." Madison has an account that pays different interest rates depending how much she has in her account. This type of interest rate is called a variable interest rate.

Safety stock is inventory held to guard against uncertainty. True or False

Answers

Answer: True

Explanation:

Safety stock is a particular level of inventory set by the inventory/store manager that the inventory must not go below in order to help the company never to run out of products in their inventory. The aim of safety stock is to ensure that a company's inventory would never be empty and also so that any given point buyers can always purchase products from the company

Answer:

True.

Explanation:

Safety inventory is an inventory level at which order is placed for more inventory. It is also known as Minimum Inventory Level or Buffer inventory. It is the level of inventory maintained to take care of errors in estimating the lead time or inventory usage during the lead time. This level of inventory is necessary to avoid stockouts. It takes care of any emergency or abnormal consumption of inventory.

Nick won a $1,000 lottery prize. He can't decide what he should spend the money on. For some time now, he has been planning to buy a gaming console, a bicycle, and a watch. But he also needs to save money for an overseas trip in the future. He can give up the bicycle and the watch, but he really wants that gaming console. On the other hand, he also wants to experience a foreign culture. In the end, he decides to save the whole amount for the trip. Which item is the opportunity cost of Nick’s trip?

Answers

The item which will be the opportunity cost is a gaming console.

What is opportunity cost?

Opportunity costs are the possible advantages that a person, investor, or company neglects while deciding between two options. It can be determined by making a comparison between two alternatives.

In the given case, there are four options given which include buying a gaming console, a bicycle, and a watch. Apart from that nick also wants to save money for an overseas trip.

After giving up on the bicycle and watch, he got confused over the gaming console and the trip and later decided to save the whole amount for the trip. In this case, he neglects the gaming console.

Therefore, gaming console will be the opportunity cost as it got ignored when selecting trip as decisions for saving.

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The 2 important choices were:
1) buying a gaming console
2) going on an overseas trip

The opportunity cost is the gaming console. He had to give up buying the gaming console when he decided to save for the overseas trip.

The bicycle and the watch were not treated as opportunity costs because he willingly disregarded those items from his wants.

Ford motor company provides support and incentives for its ford and lincoln dealers worldwide. through a multilevel program, ford provides incentives to reward dealers for meeting sales goals. dealers receive an incentive when they are near a goal, another when they reach a goal, and a larger incentive if they exceed sales projections. all of these actions are intended to encourage dealers to __________ the ford products through the channel to consumers.

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Ford motor company provides support and incentives for its ford and lincoln dealers worldwide. through a multilevel program, ford provides incentives to reward dealers for meeting sales goals. dealers receive an incentive when they are near a goal, another when they reach a goal, and a larger incentive if they exceed sales projections. all of these actions are intended to encourage dealers to Push the ford products through the channel to consumers.

What projected sales examples?

Estimate how much you're going to sell

For instance, you may have bought 60,000 toys a closing year, and you are expecting a 25% increase in income this 12 months. that means, this upcoming 12 months, you're estimating that you may promote 75,000 toys.

The method is: previous month's sales x velocity = extra income; and then: additional sales + preceding month's rate = forecasted sales for next month.

Conclusion:bottom-up forecasts begin by using projecting the amounts of gadgets an employer will sell, then multiplying that variety by way of the common value according to the unit. you could also construct in the range of locations, variety of income reps, a wide variety of interactions, and other metrics.

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Answer: push

Explanation:

all of these actions are intended to encourage dealers to push the ford products through the channel to consumers.