Select the correct option to test your answer:
Commerce
Business Environment And International Business
Difficulty: Medium
Which of the following are the main benefits of international trade? (1) Specialization benefits world trade as it enables different nations with differings kills and resources to gain the rewards from the division of labour. (2) There is potential gain of economies of scale when there is good size of market. (3) Competition is fostered by free trade. (4) Lower prices are greater choices to consumers.
More Commerce Questions
A number of benefits can be derived from using E-recruiting, these include:
In the absence of any contract, profit arising from partnership firm is credited to the partners capital account in:
An importer cannot take delivery of the goods unless he presents it
. . . . . . . . are consumers, who buy one brand all the time.
Match the following. List-I List-II a. Management audit 1. Calculation of profits at different activity levels b. Ratio analysis 2. Estimate for one time is prepared c. Break even analysis 3. It is not bounded by any law d. Critical point control 4. Computation of ratios for further analysis