Question

In: Economics

Do you believe in the additional standards for merchants over non merchants? Why or why not?

Do you believe in the additional standards for merchants over non merchants? Why or why not?

Solutions

Expert Solution

Yes there must be additional standard for merchant from non merchant as :

1) merchant is more specialised in term of selling and buying of products . Merchant generally prefer for selling only few products and try to maintain quality as well as quantity to maximize profits. That's why need some standard for them.

Cost is matter for merchant as they work at wholesale dealing and thus cost minimization as well as quality maintenance is integral part of merchant ,that's why they required seprarted and special standard.

2) non merchant are not stick to one or specializes products as they are seller or buyer of so many things according to their ease and changing environment of trade and profitability I.e. they can change their merchandise goods if market condition or profitability allowed them to do so. These are not work as bigger level as of merchants.they generally following traditional way of transportation like cart, jugad, thela etc not that like merchants which are use proper and modern technology equipped transportation as transportation cost matter them the most

3) proper institinalised or organization structure are exist for merchants and they work as interset group or pressure group fir such type of trader or merchants .In such a way they try to influence public policy process so that's why it's necessary to control their activities in rational way by using some standard etc..


Related Solutions

Do you believe that a single set of global accounting standards is desirable? Explain why or...
Do you believe that a single set of global accounting standards is desirable? Explain why or why not.
1. Why do you think the UCC is or is not important to merchants in order...
1. Why do you think the UCC is or is not important to merchants in order to effectively do business? Be sure to give examples. (Hint: Discuss how a common law contract is different from a contract between merchants under the UCC. Then explain why you feel the UCC difference is or is not important to merchants.) 2. What ethical considerations do you have when in a contractual relationship? (Hint: There are two factors in making business decisions. Law. Statutes...
1. Why do you think the UCC is or is not important to merchants in order...
1. Why do you think the UCC is or is not important to merchants in order to effectively do business? Be sure to give examples. (Hint: Discuss how a common law contract is different from a contract between merchants under the UCC. Then explain why you feel the UCC difference is or is not important to merchants.)
Why do you believe there has been such a rapid growth in E-commerce over the last...
Why do you believe there has been such a rapid growth in E-commerce over the last 10 years?  Where do you think the next major are for growth in E-commerce might be? Explain your answer... Detail with Examples.
Do you believe we have free will, and why? If you don’t believe in free will,...
Do you believe we have free will, and why? If you don’t believe in free will, why not? And if you believe we have free will, are you then a “strong compatibilist” like Leibniz and Kant?
Do you personally emphasize individuality and control over fate? Or, do you believe in an ‘outside’...
Do you personally emphasize individuality and control over fate? Or, do you believe in an ‘outside’ source of control in your health? Do you support the biomedical model of healthcare or do assume a more holistic approach? Do the health care providers in your life have a significant influence on your how you view your illness? Or, do the elders closest to you assume an active role in dictating your health care decisions? Would your family, siblings or significant other...
How do you define privacy? Do you believe privacy is a moral right? Why or why not?
  How do you define privacy? Do you believe privacy is a moral right? Why or why not? Are there any cases in which public health policy justifies the violation of the right to privacy?
“In the case of developing financial accounting standards, do you believe that regulatory intervention can always...
“In the case of developing financial accounting standards, do you believe that regulatory intervention can always be considered as ‘fair’ and ‘neutral’? If not, why not? Critically explain your answer in the light of relevant theories relating to the regulation of financial accounting. Give at least one example to support each theory discussed.  
1.) Do you believe that 'affluenza" is a real condition? Why or why not? 2.) Why...
1.) Do you believe that 'affluenza" is a real condition? Why or why not? 2.) Why do you think people tend to distrust wealthy people or companies?
why do you believe that accountants use the cost concept?
why do you believe that accountants use the cost concept?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT