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qwelly [4]
2 years ago
6

B. At one time, the centrally planned economy of China encouraged farmers to produce

Business
1 answer:
gladu [14]2 years ago
3 0

Answer:

At one time, the centrally planned economy of China encouraged farmers to produce  iron in their backyards, rather than have factories make iron. This proved unsuccessful,  since most of the farmers' iron was of poor quality. Why do you think this approach was  unsuccessful? How could this experiment become a success in a free market economy?

The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.

The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved

Explanation:

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Art [367]

Answer:

strength

Explanation:

When you are performing a SWOT analysis, you must analyze both internal and external factors. Internal factors include strengths and weaknesses, while external factors include opportunities and threats:

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6 0
2 years ago
The following information has been obtained from the Massena Corporation: 100,000 shares of common stock were outstanding on Jan
aivan3 [116]

Answer:

247,500

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3 0
1 year ago
Four years ago, Velvet Purses purchased a mailing machine at a cost of $176,000. This equipment is currently valued at $64,500 o
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Answer:

Explanation:

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Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.

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