Free-trade benefits in addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. consider the following scenario: without free trade, sapphira has market power as a local producer. once free trade is implemented in the local economy, sapphira is no longer able to raise its prices above competitive levels. the previous scenario represents which of the following benefits of free trade? a. lower costs through economies of scale b. increased competition c. an enhanced flow of ideas d. increased variety of goods

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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explanation:

answerpurchase-occasion segmentation;

answer (b); /// a method of measuring the opinions of a large group of people by selecting a subset of the larger group, asking them a set of questions and then generalizing those responses;