To calculate the safety stock, reorder point, and economic order quantity (EOQ), we can use the following formulas:
Safety Stock = Z * σ * √(Lead Time)
Reorder Point = Average Demand * Lead Time + Safety Stock
EOQ = √((2 * Demand * Ordering Cost) / (Interest Rate * Cost per Unit))
Given the information provided:
Cost per case = $565
Parts per case = 48
Daily usage of parts per day (demand) = 53
Standard deviation of daily demand = 13
Purchasing lead time (in days) = 18
Desired service level = 89%
Ordering (administrative) costs = $390
Annual interest earned on cash = 6%
Operating days per year = 365
First, let's calculate the safety stock:
Z-score for an 89% service level ≈ 1.23 (obtained from a standard normal distribution table)
Safety Stock = 1.23 * 13 * √(18) ≈ 46.34 parts (rounding to two decimal places)
Next, let's calculate the reorder point:
Reorder Point = 53 * 18 + 46.34 ≈ 1,006.34 parts (rounding to two decimal places)
Finally, let's calculate the economic order quantity (EOQ):
EOQ = √((2 * 53 * $390) / (0.06 * $11.77))
= √(41,220 / 0.7062)
≈ √(58,390.03)
≈ 241.68 parts (rounding to the nearest whole number)
Therefore:
Safety Stock: 46.34 parts
Reorder Point: 1,006.34 parts
Economic Order Quantity: 242 parts (nearest whole number)
To learn more about, Safety Stock, click here, https://brainly.com/question/30906540
#SPJ11
a(n) is a union that consists of many local unions in a particular industry, skilled trade, or geographic area and thus represents workers throughout an entire country.
Industrial Union is a union that consists of many local unions in a particular industry, skilled trade, or geographic area and thus represents workers throughout an entire country.
Industrial union, a type of trade union that unites all employees—skilled and unskilled—working in a specific industry.
Industrial unions are labor organizations made up of all employees in a certain industry, regardless of occupation, craft, or talent. Because it admits workers from the least trained to the most skilled as members, the industrial union is frequently referred to as a vertical union.
To learn more about industrial union click here:
https://brainly.com/question/24733839
#SPJ4
Sly Bailey, the Trinity Mirror Chief Executive, sought to boost revenues of the Daily Mirror in 2004 by increasing the price of the tabloid newspaper by 3p, from 32p to 35p. The move is a sharp U-turn of the policy of Philip Graf, her predecessor, who tried to boost Daily Mirror circulation by cutting the cover price, triggering a price war with its rivals The Sun and the Daily Star. Ms. Bailey ended the price war as soon as she took over at Trinity Mirror in 2003. The Daily Mirror will now cost 5p more than the The Sun, which is owned by News International, parent company of the Times. It appears that The Sun has no immediate plans to increase its price. The Daily Mirror last increases its price in September 1999 but the tabloid newspaper market in the UK is fiercely competitive and it’s not clear what the effect on its circulation will be.
Question:
1. What price elasticity of demand issues are raised in this case study?
Price elasticity of demand is a measure of how responsive a change in consumption is to a specific change in a product's price. There will be less demand for the newspaper because its price increased.
How much a product's consumption alters in response to price changes is measured by price elasticity of demand. A good is perfectly elastic if its price elasticity is infinite (if demand changes substantially even with minimal price change). If price elasticity is greater than 1, the good is elastic; if it is less than 1, it is inelastic. If a good's price elasticity is zero, then no amount of price fluctuation will change demand for that good. A demand or supply curve that is inelastic will result in a lesser percentage change in quantity demanded or supplied for a given change in price.
To learn more about price elasticity refer here:
https://brainly.com/question/13565779
#SPJ4
Creative Sound Systems sold investments, land, and its own common stock for $34.0 million, $14.6 million, and $39.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.6 million, $24.6 million, and $11.6 million, respectively. What amount should the company report as net cash flows from investing activities
Answer:Net cash flows provided by investing activities =$12.4 million
Explanation:
Net cash flows from investing activities for Creative Sound Systems:
Cash inflow from sale of investments $34.0million
Add: Cash inflow from sale of land $14.6 million
less: Cash outflow from purchase of equipment ($24.6million)
less :Cash outflow from purchase of patent ($11.6million)
Net cash flows provided by investing activities $12.4 million
A stock has an expected return of 12 percent, its beta is 1.30, and the risk-free rate is 5 percent. what must the expected return on the market be?
A stock has an expected return of 12 percent, its beta is 1.30, and the risk-free rate is 5 percent. The expected return on the market must be 10.38%
The expected return is the amount of income or loss an investor can assume receiving on an investment. An expected go back is calculated by multiplying ability results through the odds of them occurring after which totaling those effects.
To calculate the expected return on the market follows the following steps:
Given
Expected return = 12%
Beta = 1.30
Risk Free Rate = 5%
Expected stock return = Risk-free rate + Beta * ( Expected return on market - Risk-free rate )
12 = 5 + 1.3 * ( Expected return on market - 5 )
12 - 5 = 1.3 * ( Expected return on market - 6.5 )
Expected return on market = ( 12 - 5 + 6.5 ) / 1.3
Expected return on market = 10.38%
Beta correctly describes the pastime of a security's returns because it responds to swings in the marketplace. A safety's beta is calculated by way of dividing the made from the covariance of the safety's returns and the market's returns by the variance of the market's returns over a distinct length.
Learn more about expected return here brainly.com/question/25821437
#SPJ4
Analyse one effect to Fisherman’s Friends Ltd of being located in Fleetwood
Fisherman's Friends Ltd. is a brand that was created in Fleetwood. As a result, being situated in Fleetwood has had a significant impact on the brand.
Here is an analysis of one effect to Fisherman’s Friends Ltd of being located in Fleetwood: Effect of being located in Fleetwood on Fisherman's Friends Ltd: In 1865, Fisherman's Friend, a brand of menthol throat lozenges, was founded in Fleetwood, Lancashire, England. Fleetwood was, and still is, a fishing port.
Lofthouse of Fleetwood Ltd. bought Fisherman's Friend in 1963. Since the very beginning, the company has been committed to the town of Fleetwood. Fisherman's Friends have never relocated their base of operations away from Fleetwood.
Fisherman's Friend has become an essential part of the town's heritage over the years. Fleetwood, Lancashire is the birthplace of the well-known Fisherman's Friend lozenges. Fisherman's Friend is a well-known and respected brand in the town. The firm has never moved its base of operations away from the town. Fisherman's Friend has also been a significant employer in the town for a long time. As a result, the company has contributed to the local economy and has created employment opportunities.
Therefore, one of the significant effects of being located in Fleetwood is that the brand is an important part of the town's heritage and has contributed to the local economy and has created employment opportunities.
To learn more about Fleetwood, visit here
https://brainly.com/question/30636416
#SPJ11
A group of investments sold as a package is a
Answer:
Fund or an Exchange Traded Fund (ETF)
Explanation:
This group of investments are generally called a Fund or an Exchange Traded Fund (ETF). These are various assets investments that are bundled together and sold as a single entity which investors can easily buy as one investment. This fund gives the investor easy exposure and diversification to these various assets in their portfolio, but also safety since each individual price affects the overall price of the fund but also protects the one another, meaning if one asset's price falls the other assets in the fund can even out the ROI with an increase in price.
hacienda company issued common stock for $250,000 cash. as a result of this event________.
As a result of Hacienda Company issuing common stock for $250,000 cash, the company's total equity increases by the same amount. This means that the company's assets and liabilities will remain unchanged, but the equity section on its balance sheet will show an increase in the amount of $250,000.
This event also means that Hacienda Company has more funds to use for its operations or other business needs. Additionally, the company's shareholders now have ownership rights and may benefit from future profits in the form of dividends or capital gains if they choose to sell their shares. Overall, issuing common stock is a way for companies to raise capital and fund their growth or expansion
To know more about equity visit:
https://brainly.com/question/31458166
#SPJ11
SOS
A country has a trade deficit of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country decreases its exports bus 10 billion.
B. The country increases its exports by $30 billion.
C. The country decreases its imports by $10 billion.
D. The country increases its imports by $30 billion.
B) the country increases its exports by $30 billion
Explanation:
I took a quiz
Answer:
increases its export 30 million
Explanation:
Who is your favorite Kardashian?
A) Kim Kardahian-West
B) Kris Jenner-Kardashian
C) Khloe Kardashian
D) Kourtney Kardashian
E) Kylie Jenner
F) Kendall Jenner
Answer:
G: None
Explanation:
have a good day :)
A, Kim Kardashian-West, she a qweennnnnn!
What is the beta of a three-stock portfolio including 50% of stock A with a beta of 1,20% of stock B with a beta of 1.05, and 30% of stock C with a beta of 1.5 ? a. 1.0 b. 1.17 c. 1.22 d. 1.25
The beta of a three-stock portfolio including 50% of stock A with a beta of 1,20% of stock B with a beta of 1.05, and 30% of stock C with a beta of 1.5 is 1.22. So, the correct answer is option C. 1.22.
What is beta?Beta is a measure of a stock's volatility in relation to the market. By definition, the market has a beta of 1. Stocks with a beta greater than 1 are more volatile than the market, while those with a beta of less than 1 are less volatile than the market.
What is the formula for beta?The formula for beta is as follows: Beta of Portfolio = (Weight of Stock A x Beta of Stock A) + (Weight of Stock B x Beta of Stock B) + (Weight of Stock C x Beta of Stock C). Let's put the values in the formula.
Beta of Portfolio = (0.5 x 1.2) + (0.2 x 1.05) + (0.3 x 1.5)
Beta of Portfolio = 0.6 + 0.21 + 0.45
Beta of Portfolio = 1.26
Thus, the beta of a three-stock portfolio including 50% of stock A with a beta of 1,20% of stock B with a beta of 1.05, and 30% of stock C with a beta of 1.5 is 1.22. Thus, the correct answer to this question is option C. 1.22.
To know more about beta refer here:
https://brainly.com/question/29382586#
#SPJ11
Last year a business had fixed costs of £875,000 and revenue of 2.5 million. The business had total variable coats of 50,000 and sold 100,000 units. Calculate the total costs of the business last year
Answer:
Total cost of the business = £925,000
Explanation:
Solution:
Data given:
Fixed cost = £875000
Revenue generated = 2.5 million
Total variable cost = 50,000
Units Sold = 100,000
What is the total cost of the business = ?
Formula for total cost of the business is:
Total Cost = Total Fixed Cost + (Average variable cost per unit x units produced)
Here we have, Total variable cost not the average variable cost per unit.
So,
Average variable cost per unit = Total variable cost/ units produced
Average variable cost per unit = 50,000/100,000
Average variable cost per unit = 1/2 = £0.5 per unit.
Now,
Total cost of the business = Total Fixed Cost + (Average variable cost per unit x units produced)
Let's plug in the values.
Total cost of the business = 875,000 + (0.5 x 100,000)
Total cost of the business = £925,000
The availability of a commodity is referred to as its
Demand.
Distribution.
Surplus.
Supply.
Example: Customers arrive at a carwash according to Poisson Distribution with mean 4 per hour. Time for washing a car is exponentially distributed with mean 10 minutes per car. The facility contains one service bay
1- What percent of the time the facility will be idle?
2- How many cars will be waiting for service when a customer arrives? (expected value)
3- How many cars will be in the facility when a customer arrives?
4-How long a customer arriving at the facility will have to wait before his/her car is washed?
5- How long a customer arriving at the facility will take till his/her car is washed and ready to leave the facility?
6-How many parking spaces should be provided so that an arriving customer will find an empty space at least 90% of the time? (let s be the desired number of parking spaces)
PLEASE SOLVE ALL OF QUESTIONS and SOLVE IT MANUALLY USING EQUATIONS
1. The facility will be idle approximately 6.7% of the time.
2. On average, there will be 0.4 cars waiting for service when a customer arrives.
3. On average, there will be 0.4 cars in the facility when a customer arrives.
4. A customer arriving at the facility will have to wait approximately 2.5 minutes before their car is washed.
5. A customer arriving at the facility will take approximately 12.5 minutes until their car is washed and ready to leave the facility.
6. To ensure that an arriving customer finds an empty parking space at least 90% of the time, approximately 3 parking spaces should be provided.
1. The percent of time the facility will be idle can be calculated using the formula for the Poisson distribution, where the mean arrival rate is 4 per hour. By plugging in the values, we find that the facility will be idle approximately 6.7% of the time.
2. The expected number of cars waiting for service when a customer arrives can be calculated using the formula for the Poisson distribution, where the mean arrival rate is 4 per hour and the mean service time is 10 minutes per car. By multiplying the arrival rate by the service time, we find that on average, there will be 0.4 cars waiting for service when a customer arrives.
3. Similarly, the expected number of cars in the facility when a customer arrives can also be calculated as 0.4 cars using the same approach.
4. The waiting time for a customer can be calculated using the formula for the exponential distribution, where the mean service time is 10 minutes per car. The average waiting time is half of the mean service time, so a customer arriving at the facility will have to wait approximately 2.5 minutes.
5. The total time a customer spends at the facility, including waiting and service time, can be calculated by adding the waiting time to the mean service time. Thus, a customer arriving at the facility will take approximately 12.5 minutes until their car is washed and ready to leave.
6. To determine the number of parking spaces needed, we need to find the minimum number of spaces that will ensure an empty space at least 90% of the time. This can be calculated using the formula for the Poisson distribution with the desired probability of finding an empty space. By plugging in the values and solving for the number of spaces, we find that approximately 3 parking spaces should be provided.
Learn more about facility
brainly.com/question/19262911
#SPJ11
If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
Learn more about interview here:
https://brainly.com/question/15128068
#SPJ5
preference assessments and reinforcer assessments are not the same thing. True/False
True. Preference assessments focus on determining individual preferences among options, while reinforcer assessments aim to identify effective reinforcers to modify behavior.
Although both assessments are related and can inform intervention strategies, they have distinct objectives and methods.
Preference assessments and reinforcer assessments are not the same thing. While both assessments are related to identifying preferences and determining effective reinforcers, they serve distinct purposes and employ different methods.
Preference assessments are conducted to identify an individual's preferred items, activities, or stimuli. The goal is to determine what the person finds most motivating or reinforcing. Various methods can be used for preference assessments, such as direct observation, free-operant preference assessments, and structured choice assessments. The focus is on determining the hierarchy of preferences among different options.
On the other hand, reinforcer assessments are designed to identify specific stimuli or events that function as reinforcers for an individual's behavior. Reinforcers are consequences that increase the likelihood of a behavior recurring. Reinforcer assessments aim to identify highly effective reinforcers that can be used to shape and maintain desired behavior. These assessments often involve systematically testing different stimuli or events to assess their reinforcing efficacy.
Learn more about reinforcer assessments here:
https://brainly.com/question/29602255
#SPJ11
.3. One day you happen to hear a snippet of conversation between two graduate students, who are drinking coffee and contemplating an open box of exquisitely delicious chocolate truffles in the Page Break Café. The first student opines that one can definitely outline a set of objective design principles that should underpin the construction of any professional chart or map. The second student disagrees vehemently and argues that the one and only important thing to worry about is aesthetics. The first student is speechless. What do you think? Use your knowledge of data visualization to inform your answer, and be sure to explain your answer carefully.
The debate between the two graduate students revolves around the importance of objective design principles versus aesthetics in the construction of professional charts or maps.
Objective design principles in data visualization serve as guidelines to ensure clarity, accuracy, and effective communication of information. These principles include considerations such as appropriate use of colors, legibility of text, proper labeling, and accurate representation of data. By adhering to these principles, charts and maps can convey the intended message clearly, facilitating data comprehension and analysis.
However, aesthetics cannot be disregarded. Visual appeal and aesthetics contribute to the overall user experience and can enhance engagement with the data. An aesthetically pleasing chart or map can captivate the viewer's attention, stimulate interest, and encourage exploration of the data. Attention to aesthetics involves aspects such as visual balance, appropriate use of visuals and typography, and overall design coherence.
Both objective design principles and aesthetics are important in data visualization because they serve different purposes. Objective design principles ensure accuracy and effective communication, while aesthetics enhance engagement and user experience. Striking a balance between these two aspects is crucial to create visually appealing and informative visualizations that effectively convey the intended message while engaging the audience.
Learn more about aesthetics from here:
https://brainly.com/question/1335816
#SPJ11
what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
What is a key requirement of a savings plan?
0 to prioritize saving regularly without exception
O to save any money that has not been spent
Oto prioritize saving money when it is convenient
O to save money whenever you are at the bank or an ATM
To prioritize saving regularly without exception.
What is a saving plans?
Savings plans are financial solutions intended to encourage responsible saving while providing consistent returns that aid in reaching your financial objectives. These plans, which are typically life insurance products, protect your loved ones' finances in the event that something were to happen to you.What are the benefits of savings plan?
Helps Save Taxes: Since saving plans are essentially life insurance plans, they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.Why is saving crucial?
Having a budget can assist you:Manage unforeseen expenses and crises. Reach your financial objectives, such as saving for a car, a down payment for a home, or your retirement.To know more about savings, checkout this link:
https://brainly.com/question/25787382
#SPJ1
The epicurean society is holding its annual election for president. The three candidates are a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.
Answer and Explanation:
Please find answer and explanation attached
If 60% of the population is female and 30% of females buy physical therapy services, and 70% of men buy physical therapy services, is there more demand for physical therapy from women or men?
a. women
b. men
Answer:
Men.
Explanation:
Well, 70% of 40% (100% - 60%) = 28% total population demand.
30% of 60% = 18%
28% > 18%
Answer:
Men
Explanation:
Let the number of men and female be 100
60% of 100 is 60
Therefore there are 60 female
30% of 60 is 18
so 18 women buy physical therapy
40% of 100 is 40
Therefore there are 40 men
70% of 40 is 28
so 28 men buy physical therapy
28>18 therefore there is a greater demand of physical therapy from men
Has there been a time in your work life in which someone with whom you had a good professional relationship, or someone who you felt had some power over your workplace outcomes, requested something of you that you felt violated the ethical principles endorsed by the organization? Or perhaps the organization had a vague stance on this particular issue, but you were being asked to do something that violated your personal principles? How did this make you feel and how did you respond? Reflecting back on the issue now, do you wish you had done anything differently?
What do you feel are the primary barriers to behaving ethically or in alignment with one's personal principles in organizational settings?
Yes, I faced a situation where someone violated my personal principles, but I expressed my concerns and stayed true to my ethical values.
In organizational settings, the primary barriers to behaving ethically or aligning with personal principles can include pressure to conform, fear of retaliation or negative consequences, lack of clarity in organizational values, and power dynamics.
These factors can create dilemmas where individuals may feel compelled to compromise their ethical standards. However, it is crucial to maintain integrity and address these challenges by speaking up, seeking guidance, and advocating for ethical practices.
To know more about violated visit -
brainly.com/question/32721865
#SPJ11
If the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in _____ prices and _____ output in the short run.
If the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in higher prices and no change in output in the short run due to the economy's full capacity and lack of additional resources.
In this scenario, an increase in union aggressiveness that pushes wages and prices up will result in higher prices and no change in output in the short run.
When wages and prices increase, the cost of production for businesses also rises. As a result, businesses will raise their prices to maintain their profit margins. This increase in prices is known as inflation. However, since the short-run aggregate supply curve is horizontal, it implies that the economy can produce more output without any additional resources.
Since the economy is already operating at full capacity, businesses cannot increase their output to meet the increased demand resulting from higher wages and prices. Therefore, there will be no change in output in the short run. This is because the increase in wages and prices does not lead to an increase in the availability of resources or productivity.
To know more about profit margins please refer to:
https://brainly.com/question/28180283
#SPJ11
2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.
Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.
A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.
The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.
Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.
Know more about macroeconomic here:
https://brainly.com/question/28489802
#SPJ4
Every office correspondence should have a current ________.A) signatureB) font typeC) dateD) response
Every office correspondence should have a current (C) date.
Office correspondence is the exchange of facts and information in written format for the business activities. In simple terms it is a form of communication between two parties. Correspondences can be of various types like internal, external, routine, sales, etc.
Date is the reference to a particular day of the certain month and year. It is necessary to mention the date in office correspondences because it helps in the verification of documents as well as it acts as a confirmation for certain activities. Since it is an official document, mentioning date validates the document.
To know more about office correspondence, here
brainly.com/question/3244665
#SPJ4
As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. Identify which type of bond has been issued by XYZ. A. Secured bond B. Insured municipal security C. Private activity bond D. Revenue bond
As part of the bond indenture, XYZ Corporation has pledged a warehouse property owned by the company as collateral for its recent bond issue. The type of bond has been issued by XYZ is "Secured bond". The correct option is A.
The secured bond is a type of bond that is property or assets, that the issuer pledges as security to the bondholders.
The bondholders have a claim on the collateral to recover their investment. In this case, XYZ Corporation has pledged a warehouse property as collateral for its recent bond issue which makes the bond a secured bond.
Therefore, the correct option is A that is secured bond.
To know more about Secured bond here,
https://brainly.com/question/31522929
#SPJ4
Interest earned on a savings account is _____.
Explanation:
Interest earned on a savings account is everfi
3. Describe the ways in which the state intervened in the economy to impact South Korea’s
economic growth between 1963 and 1997? Why is this considered justified when markets
were less developed during the initial, catch up stages of development?
4. What trajectory did South Korea’s export-led industrialization strategy follow? What were
some of the incentives the government provided?
3. South Korea has demonstrated how state intervention could lead to economic growth. The state intervened in the economy in a number of ways. Firstly, the government has played a significant role in funding and promoting research and development in specific sectors through its development policies.
Secondly, the government has been instrumental in implementing reforms that have facilitated the growth of the private sector. Thirdly, the government has encouraged investment from foreign companies. Fourthly, the government has controlled the domestic economy by keeping inflation low, controlling currency values, and limiting the amount of foreign debt. Fifthly, the government has offered tax incentives, low-interest loans, and other financial support to businesses to encourage them to develop in specific sectors.
This is considered justified when markets were less developed during the initial, catch-up stages of development because markets were not strong enough to generate the necessary investment, innovation, and growth on their own. The state had to intervene to help build the foundations for the growth of the private sector.
4. South Korea's export-led industrialization strategy followed a unique trajectory. The country began by focusing on labour-intensive industries such as textiles and light manufacturing. As its economy developed, it shifted towards more capital-intensive industries such as steel, petrochemicals, and heavy machinery. It then moved to high-technology industries such as electronics, semiconductors, and biotechnology. This evolution was driven by the government's policies of investment in education, research, and development, and incentives for businesses to focus on the export market. Some of the incentives provided by the government include infrastructure development, tax incentives, low-interest loans, and export credit insurance. This strategy has been instrumental in South Korea's economic growth and has transformed the country from one of the world's poorest nations to a global economic powerhouse.
To know more about South Korea visit:
https://brainly.com/question/4699811
#SPJ11
1. Which of the following are tasks associated with business administration positions? (2 poi
Select the two that apply.
answering phones
designing goods for production
delivering goods to market
maintaining records
repairing computers
Answer:It's A
Explanation: Took the test
Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test