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Which of the following terms means that a country sells goods to another country?

Exports


What is the purpose of using a cost benefit analysis?

You would use a cost-benefit analysis to see what the best approach would be to a problem. It helps you know what alternative is best in terms of effort, time, and cost.


What is pest analysis Political Economic Social Technological analysis?

The Pest Analysis or Political, Economic, Social and Technological is a framework to analyze the external impact on an organization. For example, when I say conduct a PEST analysis on a small barber shop in town. Then we can say that in terms of Politics, government actions or laws can have an impact on the business. For example, the govt may increase tax for barbers around the town. In terms of Economics, we can say that the Purchasing Power or Income level in the area, can influence your business in terms of revenue or cost. You just need to know that PEST is a tool for analysis. It's called PEST, to simplify it and it's less burdensome on the memory. It's also important to know that in business, it's not the only tool for analysis. Others include SWOT. These models can also evolve or phrased differently, the latest one is called SPELT. Hope this helps. (cheong@bgymail.gd.cn)


What are the tools of economic analysis?

The Pest Analysis or Political, Economic, Social and Technological is a framework to analyze the external impact on an organization. For example, when I say conduct a PEST analysis on a small barber shop in town. Then we can say that in terms of Politics, government actions or laws can have an impact on the business. For example, the govt may increase tax for barbers around the town. In terms of Economics, we can say that the Purchasing Power or Income level in the area, can influence your business in terms of revenue or cost. You just need to know that PEST is a tool for analysis. It's called PEST, to simplify it and it's less burdensome on the memory. It's also important to know that in business, it's not the only tool for analysis. Others include SWOT. These models can also evolve or phrased differently, the latest one is called SPELT. Hope this helps. (cheong@bgymail.gd.cn)


Which of the following terms best describes an economy in which producers of goods and services react to consumer choices?

market economy