Answers
Answer:
The answer is below
Explanation
Complements in economics is a term that is used to describe goods that are used or consumed together. For example, pencil and eraser, pen and paper, etc.
Complements are goods in economics whose value is increased when combined with other goods. Another example of complement goods is movies and popcorn
Related Questions
Develop a managerial report (1,000-1,250 words) summarizing your analysis of the OEI service capabilities. Make recommendations regarding the number of technicians to be used when OEI reaches 20 and then 30 customers, and justify your response. Include a discussion of the following issues in your report:
What is the arrival rate for each customer?
What is the service rate in terms of the number of customers per hour? (Remember that the average travel time of 1 hour is counted as service time because the time that the service technician is busy handling a service call includes the travel time in addition to the time required to complete the repair.)
Waiting line models generally assume that the arriving customers are in the same location as the service facility. Consider how OEI is different in this regard, given that a service technician travels an average of 1 hour to reach each customer. How should the travel time and the waiting time predicted by the waiting line model be combined to determine the total customer waiting time? Explain.
OEI is satisfied that one service technician can handle the 10 existing customers. Use a waiting line model to determine the following information: (a) probability that no customers are in the system, (b) average number of customers in the waiting line, (c) average number of customers in the system, (d) average time a customer waits until the service technician arrives, (e) average time a customer waits until the machine is back in operation, (f) probability that a customer will have to wait more than one hour for the service technician to arrive, and (g) the total cost per hour for the service operation.
Do you agree with OEI management that one technician can meet the average 3-hour service call guarantee? Why or why not?
What is your recommendation for the number of service technicians to hire when OEI expands to 20 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What is your recommendation for the number of service technicians to hire when OEI expands to 30 customers? Use the information that you developed in Question 4 (above) to justify your answer.
What are the annual savings of your recommendation in Question 6 (above) compared to the planning committee's proposal that 30 customers will require three service technicians? (Assume 250 days of operation per year.) How was this determination reached?
Answers
The purpose of this research is to examine the service proficiency of OEI and suggest suitable staffing levels for accommodating a growing clientele of 20 and 30.
1. Arrival Rate for Each Customer: 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
3. Travel Time and Waiting Time: The waiting time starts from the moment the customer contacts OEI until the machine is back in operation, including both travel and repair time.
What is the managerial report1. Arrival Rate for Each Customer: 1.25 customers per hour.
Based on historical data, the arrival rate for each customer is calculated by dividing the total number of customers by the total time. let us say that OEI receives an average of 10 customers per day, and the service operates for 8 hours a day. So, the arrival rate per customer is:10 customers / 8 hours
= 1.25 customers per hour.
2. Service Rate in Terms of Customers per Hour: 1/3 customers per hour.
The service rate takes into account the time required to complete a repair, including travel time. OEI estimates that each service call takes approximately 1 hour for travel time and 2 hours for the actual repair. So, the service rate is:1 customer / 3 hours
= 1/3 customers per hour.
3. Travel Time and Waiting Time:
OEI is different from traditional waiting line models since service technicians need to travel an average of 1 hour to reach each customer. In this case, the travel time and waiting time predicted by the waiting line model should be combined to determine the total customer waiting time.Learn more about managerial report from
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gravitational field
Answers
Answer:
The region of space surrounding a body in which another body experiences a force of gravitational attraction.
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Determine the capital using the following information Assets = 27000 Kuh. liabilities ksh 9000
Answers
The capital using the following information Assets = 27000 Kuh is 18000 cash.
We can apply the accounting formula Assets = Liabilities + Capital to calculate the capital based on the available data. We can find the capital by rearranging the equation and deducting liabilities from assets.
What are assets and liabilities?A company's assets are any possessions that have the potential to provide future financial gain. Your debts to other people are called liabilities. In other words, assets increase your wealth while obligations decrease it.
Capital is calculated as assets minus liabilities.
Inputting the values provided yields:
Capital = 27000 - 9000 Kenyan Kwacha
If we simplify, we get: 18000 cash is the capital.
Hence, based on the information provided, the company's capital is 18000 Ksh. After deducting all liabilities and assets, this sum symbolizes the money that the company's owners have contributed to it.
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asyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their golf balls sell for $21 per dozen. Their current volume is 4,250 dozen per month. They are considering reducing their sales price by 24% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution?
Answers
Answer:
%variation= 31.58% increase
Explanation:
Giving the following information:
Selling price per dozen= $21
Sales in units= 4,250
They are considering reducing their sales price by 24% per dozen.
First, we need to determine the actual total contribution:
Total contribution= 21*4,250= $89,250
Now, with the new selling price, the percentage variation in sales units:
Selling price= 21*0.76= $15.96
89,250= 15.96*units
5,592= units
Percentage:
%variation= [(5,592/4,250) - 1]*100= 31.58%
Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 15 years to maturity, and an 8% YTM. What is the bond's price? Round your answer to the nearest cent.
Answers
Answer:
$913.54
Explanation:
Calculation to determine the bond's price
Using Financial calculator to solve for PV( PRESENT VALUE)
N = 2 × 15 = 30
I/YR = 8%/2 = 4%
PMT = 1,000*7%*1/2=35
FV = 1000
PV=?
Hence,
PV = $913.54
Therefore the bond's price is $913.54
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:
Year Project A Project B
1 $25,000 $22,000
2 12,000 11,000
3 8,000 14,000
Calculate the payback period for Project A and Project B.
Answers
Answer:
0.88 years
1 year
Explanation:
Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.
For project A:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $25,000 =$-3000
The amount invested is recovered In 22,000 / $25,000 = 0.88 years
For project B:
Amount invested = $-22,000
Amount recovered in year 1 = $-22,000 + $22,000 = 0
The amount invested is recovered in a year
I hope my answer helps you
a) You want to rent an unfurnished one-bedroom apartment in Durham, NC next year. The mean monthly rent for a random sample of 60 apartments advertised on Craig’s List (a website that lists apartments for rent) is $1000. Assume a population standard deviation of $200. Construct a 95% confidence interval.
b) Duncan Jones kept careful records of the fuel efficiency of his car. After the first 100 times he filled up the tank, he found the mean was 23.4 miles per gallon (mpg) with a population standard deviation of 0.9 mpg. Compute the 95 percent confidence interval for his mpg.
Answers
Answer:
................hhhhhh
a) The 95% confidence interval for the mean monthly rent is approximately $946.74 to $1053.26.
b) The 95% confidence interval for the mean fuel efficiency is approximately 23.28 to 23.52.
a) To construct a 95% confidence interval for the mean monthly rent of unfurnished one-bedroom apartments in Durham, NC, we can use the formula:
Confidence interval = sample mean ± (critical value * standard deviation / √n)
Given information:
Sample mean = $1000Population standard deviation = $200Sample size = 60To determine the critical value for a 95% confidence level, we refer to the Z-table. For a 95% confidence level, the critical value is approximately 1.96.
Plugging the values into the formula, we get:
Confidence interval = $1000 ± (1.96 * $200 / √60)
Calculating the values inside the parentheses:
Standard error = $200 / √60
= $25.82
Confidence interval = $1000 ± (1.96 * $25.82)
Therefore, the 95% confidence interval for the mean monthly rent is approximately $946.74 to $1053.26.
b) To compute the 95% confidence interval for Duncan Jones' car'sefficiency, we can use the formula mentioned earlier:
Confidence interval = sample mean ± (critical value * standard deviation / √n)
Given information:
Sample mean = 23.4 Population standard deviation = 0.9 Sample size = 100For a 95% confidence level, the critical value from the Z-table is approximately 1.96.
Plugging the values into the formula, we get:
Confidence interval = 23.4 ± (1.96 * 0.9 / √100)
Calculating the values inside the parentheses:
Standard error = 0.9 / √100 = 0.09
Confidence interval = 23.4 ± (1.96 * 0.09)
Therefore, the 95% confidence interval for the mean fuel efficiency is approximately 23.28 to 23.52.
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Rupert is planning to invest $400.00 per month. His goal is to have $1,200,000. He will earn 11.0% on his investments. How many months will it take to reach his goal?
Answers
Answer:
Explanation:
Let's assume that the 11% is a monthly nominal rate
Let's also assume that the payments are made at the end of the month
the effective monthly rate= .11/12 = .00916667
\(12000000=400\frac{(1+.00916667)^n-1}{.00916667}\\n=367.116487\)
According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Select the correct text in the passage.
Which sentence demonstrates the use of secondary market research technique?
Keith wants to start a fast-food stall. {{He interviewed people in the area where he wants to put up his stall}}. {{He also gave out questionnaires to understand people’s opinions}}. {{He worked out the cost and investment details with the help of the Internet}}. He is now all set to speak to the bank to apply for a business loan.
The ones with {{}} around are the 3 answer choices
Answers
Answer:
The answer is the second option
What is the main duty of an executor?
A. To take custody of children and manage a trust
B. To make sure the beneficiaries do not dispute the will
C. To spend the deceased's assets in any way they see fit
D. To see that the deceased's final wishes are carried out
answer: D. To see that the deceased's final wishes are carried out
Answers
The executor's primary responsibility is to carry out the instructions to manage the deceased's affairs and fulfill the deceased's wishes.
In situations in which there was no prior appointment, the executor is appointed either by the testator of the will—the person who makes the will—or by a court.
In addition to transferring the assets to the appropriate party (parties), the executor is tasked with ensuring that every asset in the will is properly accounted for.Financial holdings, such as stocks, bonds, or money market investments, are examples of assets.real property;direct expenditures;or even art-related collectibles. According to the Internal Revenue Code (IRC), the executor must estimate the estate's value using either the date of death value or the alternative valuation date.
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A new project will cost $80,000 initially and will last for 7 years, at which time its salvage value will be $2,500. Annual revenues are anticipated to be $15,000 per year. The initial cost is believed to be accurate, but the estimates of annual revenue and salvage value are subject to error.
For a MARR of 12 percent/year, what values in the equation below relates Revenue (X) and Salvage (Y) for the project to be feasible using an annual worth analysis.
------- + ------ X<=Y
Also, plot a two-factor sensitivity graph (critical to be shown in Excel submission). Include a line that separates the favorable and unfavorable regions as well as a box showing the 15 percent error region.
Answers
Explanation:
The equation relating Revenue (X) and Salvage (Y) for the project to be feasible using an annual worth analysis is:
X + (Y - $2,500)/[(1 + 0.12)^7] >= $80,000
This equation shows that the present value of the annual revenues (X) and salvage value (Y) must be greater than or equal to the initial cost of the project ($80,000), taking into account the time value of money with a MARR of 12 percent/year and the salvage value at the end of the project.
To plot a two-factor sensitivity graph, we can use Excel to calculate the present value of the annual revenues and salvage value for different combinations of X and Y. We can then create a table or matrix of the present values and use conditional formatting to color code the cells based on whether the project is favorable (green) or unfavorable (red). The dividing line between the favorable and unfavorable regions corresponds to the equation above, while the 15 percent error region corresponds to a range of values for X and Y that are 15 percent above or below the estimated values.
The sensitivity graph shows how the feasibility of the project varies with changes in the estimates of annual revenue and salvage value. By exploring different scenarios, we can identify the range of revenue and salvage values that are most critical for the project's success and assess the level of uncertainty associated with these estimates. This analysis can inform decision-making and help stakeholders to understand the risks and opportunities associated with the project.
Hi gautamshubhi98, it is my pleasure to assist you in answering this question in-depth step by step today.
Okay, to determine the values that relate Revenue (X) and Salvage (Y) for the project to be feasible, we can use the annual worth analysis equation:
AW = P(A/P, i, n) - X(A/F, i, n) - Y
Where:
P = initial cost = $80,000
A = annual revenue = $15,000
X = revenue factor
Y = salvage value factor
i = MARR = 12% per year
n = project life = 7 years
Substituting the values into the equation, we get:
AW = 80,000(A/P, 12%, 7) - X(A/F, 12%, 7) - Y
To find the values of X and Y, we need to set the equation equal to zero (since the project is feasible when the annual worth is zero):
0 = 80,000(A/P, 12%, 7) - X(A/F, 12%, 7) - Y
Solving for X, we get:
X = 80,000(A/P, 12%, 7) - Y / (A/F, 12%, 7)
Substituting the values into the equation, we get:
X = 12,879.77 - 1,289.55Y
Therefore, the values that relate Revenue (X) and Salvage (Y) for the project to be feasible are:
X <= 12,879.77 - 1,289.55Y
To create a two-factor sensitivity graph, we can plot Revenue (X) on the y-axis and Salvage (Y) on the x-axis. The equation X = 12,879.77 - 1,289.55Y represents the boundary between the favorable and unfavorable regions. The 15% error region can be represented by a box centered at the point (2,500, 15,000) with a width of 2,500 and a height of 3,750 (15,000 x 0.15 = 2,250, which we round up to 2,500 for simplicity).
According to the law of supply, what happens to the quantity that
the suppliers create when the prices increase?
Answers
Answer: the quantity supplied also increases.
Explanation: The law of supply states that there is a direct relationship between price and quantity supplied. In other words, when the price increases
Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $111,000; Allowance for Uncollectible Accounts = $2,100 (debit). On December 31, 2021, Southwest estimates uncollectible accounts to be 20% of accounts receivable.
Answers
The question is not specified but most probably requires the calculation and recording of the Bad debt expense for the month.
The relevant journal entry is:
Date Account Title Debit Credit
Dec. 31 Bad debt expense $24,300
Allowance for Uncollectible Accounts $24,300
Uncollectible account = 20% of Accounts receivable
= 20% x 111,000
= $22,200
Bad debt expense = Uncollectible accounts + Allowance for Uncollectible Accounts
= 22,200 + 2,100
= $24,300
As an expense, bad debts will be debited to an expense account to show it is increasing. The Allowance account will be credited as a liability account.
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The Combined graph shows a dotted line that represents the combined production possibilities for the two countries. How must each country allocate its labor so that the red point, showing total production, is on the bend of this combined production possibilities function? Malaysia must allocate % of its labor to lumber production. Canada must allocate % of its labor to lumber production.
Answers
Malaysia must allocate -1.65 % of its labor to lumber production while Canada must allocate -1.3 % of its labor to lumber production. This is because Malaysia can produce lumber at a lower opportunity cost and each country's production possibilities curve is linear.
What is a production possibilities curve?It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.
The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.
In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.
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What is the term for the price Kelley blue book considered to be the correct amount expect to pay for a car
Answers
The number in the book value is made after considering two things; the price when we acquire the asset and the amount of depreciation or appreciation. Selling an asset on book value is a bare minimum needed for the sellers to not experiencing a financial loss.
Answer:
book value
Explanation:
a p e x
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $3,200; Prepaid Rent, $6,700; Accounts Payable $3,600; Common Stock, $33,000; Service Revenue, $24,700; Salaries Expense, $7,500; Accounts Receivable, $5,400; Land, $53,000; Deferred Revenue, $1,950; Retained Earnings, $21,250; Supplies Expense, $8,700. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.
Answers
Answer:
Trial Balance
Debit Credit
Land 53000
Accounts Receivable 5400
Cash 3200
Prepaid Rent 6700
Accounts Payable 3600
Deferred revenue 1950
Common Stock 33000
Retained earnings 21250
Service Revenue 24700
Salaries expense 7500
Supplies expense 8700
Totals 84500 84500
Explanation:
The trial balance has been made in the answer section.
In _____, products are made according to customer specifications.
Answers
Suppose private saving in a closed economy is $12b and investment is $10b.
Answers
Suppose private saving in a closed economy is $12b and investment is $10b. The government budget deficit must equal $2b. Thus the correct option is D.
What is a Closed Economy?A closed economy refers to an economy that avoids or prevents trade activities with other countries and depends on strengthening the economy with domestic activities rather than using import or export as a feature to boost the economy.
Private saving = GDP - Investment
GDP=$12b
Investment = $10b.
Private saving= $12b- $10b.
= $2b
Therefore, option D is appropriate.
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The complete question is Probably
Suppose private saving in a closed economy is $12b and investment is $10b.
a. National saving must equal $12b.
b. Public saving must equal $2b.
c. The government budget surplus must equal $2b.
d. The government budget deficit must equal $2b.
You just won a lottery that promises to pay you $1 million exactly 10 years from today. Because the $1 million payment is guaranteed by the state in which you live, opportunities exist to sell the claim today for an immediate lump-sum cash payment. What is the least you will sell your claim for if you could earn 8.73 % on similar-risk investments during the 10-year period
Answers
Answer:
The minimum price is $434,214.74.
Explanation:
Giving the following information:
Future Value= $1,000,000
Number of periods= 10 years
Discount rate= 8.73%
The minimum price of the prize is the present value of the payment. To calculate the present value, we need to use the following formula:
PV= FV /(1 + i)^n
PV= 1,000,000 / (1.087^10)
PV= $434,214.74
The minimum price is $434,214.74.
The primary goal of market research by entrepreneurs is to:
a) Reduce costs
b) Analyze data
c) Make better decisions
d) None of the above
Answers
The primary goal of the market research by entrepreneurs is to make better decisions.
Market research is referred to as an activity which is undertaken by the entrepreneurs in order to get the required information which is thus about the needs and also the preferences of the consumer who are in their target market.
Market research allows companies in order to understand the demand as well as the viability of their product and in order to see how it might perform in the real world. Thus, market research tends to help the entrepreneur in finding out their rivals in the business.
Hence, option C is correct.
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6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics Macroeconomics The effect of an increase in the money supply on the rate of inflation The effect of government regulation on a monopolist's production decisions The effects of government tax policy on long-term economic growth
Answers
The effect of an increase in the money supply on the rate of inflation would be studied in Macro economics.
The effect of government regulation on a monopolist's production would be studied in Micro economics.
The effects of government tax policy on long-term economic growth would be studied in Macro economics.
What is Macroeconomics?This is the branch of economics that is concerned with the study of the entire economy. It focuses on money supply, taxes and inflation and how it affects the economy.
What is microeconomicsThis is the field that is concerned with individual businesses and the households in the economy.
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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What expenses do you need to budget for if you choose to buy a home? Check all that apply.
Answers
Answer:
The expenses I would budget for if I choose to buy a house are:
a mortgage payment
homeowners insurance
property taxes
A down payment
utility payments
Explanation:
I NEED HELP PLEASE PLEASE I BEG
The article claims "Import taxes from 60% to 100% in the world's fourth-largest car market rank among the highest globally, drawing criticism from companies such as Tesla Inc (TSLA.O)Links to an external site., which shelved entry plansLinks to an external site. because of the high tariffs." Why is it that the Indian government has allowed so far 60% - 100% tariffs on imported cars? Your answer needs to be found in the article OR in the chapter that you learnt (3). NOT in Internet desktop research! (50-75 words, 5 pts).
Why are Maruti Suzuki, Tata Motors and Mahindra resisting this change? Again, use the article and what you have learnt in class. NO desktop research. (50 words max, 4 pts).
All else equal, would the WTO - a priori - be pleased about this potential development? Meaning a possible reduction of Import Taxes or Tariffs. If yes why? If no why? (50 words max, use your arguments based on the textbook material AND/OR Internet research here!, 3 pts)
Say you're a resident of India, and you were planning to buy a Range Rover made in the UK. All else equal, and given this article, and given you have the money available to buy the car - would you, a priori, buy the car or postpone your purchase? If yes why? If no why? (50 words max, 3 pts)
PLEASE I NEED HLEP
Answers
The Indian government has allowed such high tariffs on imported cars in order to protect domestic car manufacturers such as Maruti Suzuki, Tata Motors and Mahindra, who would otherwise face competition from foreign companies and face a possible decrease in their market share.
What is domestic?Domestic refers to activities or relationships that occur within a country or nation, such as domestic policy, domestic trade, domestic travel, and domestic affairs. Domestic activities are usually distinguished from international activities, as those that occur between two or more countries. Domestic activities are generally related to the internal affairs of a country and its citizens, including political, social, and economic issues.
Maruti Suzuki, Tata Motors and Mahindra are resisting the potential change because they are concerned that they would be unable to compete against foreign companies, who would be able to offer cheaper cars due to the lower tariff rates.
The WTO would not be pleased with this potential development because it is against their objective of free trade and would create an uneven playing field between domestic and foreign companies.
If I were a resident of India and planning to buy a Range Rover made in the UK, I would postpone my purchase because the high tariff rates would make the car much more expensive than it would normally be. This would mean that I would have to pay significantly more for the same car than if I had bought it from a domestic manufacturer.
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а.
When organizing your business writing, you want to make sure that
Your name is at the top right corner
b. The main idea is at the very beginning
C Each sentence contains many ideas
d Each point has some fluff to make it longer
Answers
Answer:
B
Explanation:
You dont want to do the other things, as those are unprofessional
When organizing your business writing, you want to make sure that the main idea is at the very beginning. The appropriate response is option B.
What makes an effective business writing?Writing that is employed in a professional environment is known as business writing. It is an intentional piece of writing that effectively, succinctly, and clearly delivers pertinent information to the reader. Client proposals, reports, notes, emails, and notifications are all included.
Companies utilize business writing as a communication tool to reach both their internal and outside audiences. Emails, memoranda, letters, reports, and promotional materials are all included.
Effective business writing is characterized by clarity of concept, conciseness, proper syntax and sentence structure, and simple language.
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If
you are
using $50 to buy your groceries, which function of money is
this?
Answers
Answer:
Medium of Exchange
Explanation:
A medium of exchange is an instrument used as an intermediary to facilitate the exchange of goods and services. A good medium of exchange must give a fair valuation of the items being traded. Money is a widely accepted medium of exchange.
Almost all items in a market have a monetary value attached to them. A Buyer or seller would easily know the amount of money needed to trade an item. The $50 is being used as a medium of exchange for the purchase of groceries. The seller accepts the money if they agree with the buyer on the quantity of groceries worth $50.
The job of an ethics officer is to serve as a counselor for employees
and as an investigator for the
company.
True or False
Answers
True, an ethics officers' role is to act as a counsellor for employees as well as an investigator for the firm.
The Ethics Officer is the company's inner or internal control point for ethical and improper conduct, allegations, objections, and improprieties, as well as providing leadership and guidance on corporate governance problems.
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With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbucks to change its foreign market entry strategy in any way?
Answers
Answer:
The short answer to that is No, Starbucks will not change its foreign market entry strategy.
Explanation:
The reasons are as follows:
did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control. Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business. Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.Cheers