There are five basic options available: (1) exporting, (2) creating a wholly owned subsidiary, (3) franchising, (4) licensing, and (5) creating a joint venture
What is joint venture?A joint venture is a business company formed by two or more partners that is distinguished by shared ownership, returns and risks, and governance.
The total success rate of alliances is about 50%, and the average joint venture life span is only five to seven years.
The joint venture must include at least two natural persons or entities as partners. Capital, labor, assets, skill, expertise, knowledge, or other resources valuable for the single operation or project may be contributed by the parties. The formation of a joint venture is determined by facts unique to each situation.
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Firms that set ______ objectives believe that increased revenues will in turn lead to increases in market share and profit.
Firms that set sales objectives believe that increased revenues will in turn lead to increases in market share and profit.
Sales objectives set by firms supplement the vision and goals they have set for the company and sales department. The sales objectives outline the specific, measurable actions each employee must take in order to achieve the overall goal.
After the overall goal of sales objective which is set and achieved, the firms expect increased revenues that will in turn lead to increases in market share and profit.
Hence, market share is a key indicator of a company's competitiveness. When a company increases its market share, this can improve its profitability.
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When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a
When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a price taker.
An individual or business that must accept market prices because it lacks the market share to do so on its own is known as a price-taker.
The majority of manufacturers are also price takers because of market rivalry.
Price-setting only occurs in monopolistic or monopsonistic environments.
Prices for financial products like stocks are established by market makers. Market participants, however, are also competing with one another for trade.
Hence, When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a price taker.
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The sarbanes-oxley (sox) act aims to reduce fraud by?
The Sarbanes-Oxley (SOX) Act aims to reduce fraud by reducing opportunities. In reaction to highly publicized corporate financial scandals, Congress passed Sarbanes-Oxley (SOX) Act in 2002.The act imposed more stricter recordkeeping standards and established strict new norms for accountants, auditors, and company leaders.
The act further increased the severity of punishments for breaking securities laws. SOX Act of 2002, it required stringent updates to current securities laws and placed severe new penalties on offenders. The high-profile fraud undermined investor faith in the reliability of corporate financial statements and prompted many to call for an update to long-standing regulatory norms.
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Many managers believe that being empowered to create their own self- budgets is the most effective method of budget preparation. True or false?.
The above Statement is TRUE.
A self-imposed budget or participative budget is a budget that Many managers believe that being empowered to create their own self-imposed budgets is the most effective method of budget preparation.
What is Self-imposed budgets?Self-imposed budgets can also be called participatory budgets. These types of budgets assume that there was cooperation and participation from managers at all levels of the organization.
Self-imposed budgets give managers at all levels of an organization an opportunity to provide input into the budgeting process. Self-imposed budgets are prepared without consulting lower-level managers.
The advantages of a self-imposed or participatory budget can include:
The creation of a team environment where everyone knows their views and judgements are valued by company management.When a front-line manager assists in the preparation of their own budget, they have working knowledge and are able to more accurately estimate expenses for their area.When you, as a manager, get to prepare your own budget, you are more motivated to set goals that are attainable, yet challenging. There is a higher level of commitment when participation is involved.If you as a manager try to attain a goal set by someone else, especially if that someone does not know the intricate workings of your department, it can be easy to just say that the goals were unattainable.Learn more about Self-imposed budgets on:
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The most common approaches to capability building include all of the following, EXCEPT A. developing capabilities internally. B. acquiring capabilities through mergers and acquisitions. C. accessing capabilities via collaborative partnerships. D. renewing capabilities to align with customer expectations. E. divesting underperforming units.
The most common approaches to capability building include E. divesting underperforming units.
A divestment strategy is a way to go while a particular commercial enterprise line would not carry out to expectations and turns into a liability as opposed to an asset. groups can also turn to a divestiture approach to prevent insolvency, lessen money owed and preserve a low debt-to-fairness ratio.
The divestment includes an agency selling off a portion of its belongings, regularly to improve organization costs and attain better performance. Many corporations will use divestment to promote peripheral assets that enable their control groups to regain sharper recognition in the middle commercial enterprise.
Divesting is the act of a business enterprise promoting an asset. while divesting can also discuss with the sale of any asset, Its mile maximum is typically used inside the context of selling a non-core business unit. Divesting can be visible as the direct contrary of an acquisition.
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A company prepares a five-year budget. this budget would be considered a(n):_____.
a. flexible budget.
b. operational budget.
c. strategic budget.
d. master budget.
A company prepares various types of budgets to regulate its expenditures.
The correct answer is c. Strategic Budget.
What is a budget?A Budget is a regulation of revenue and expenditures of a company. It is presented in tabular form which makes it easy to understand.
The budget is often prepared monthly in a corporation but sometimes there are special budgets prepared for one off projects.
These budgets are prepared by managerial staff of various departments which are summarized into master budget and then they are presented to the board of directors for review purposes.
A strategic budget is prepared with a long term view. The budget includes projections of revenue and expenditures of more than one year period.
The companies management prepares these types of budgets to have a long term view of company's position.
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The ______________ enables us to take into account how individuals, in the welter of their daily experience, often become falsely conscious of their position.
The sociological imagination enables us to take into account how individuals, in the welter of their daily experience, often become falsely conscious of their position.
What is sociological imagination?Sociological imagination is the capacity to relate smaller social problems to more significant human ones.
A framework for comprehending social reality that situates individual experiences within a larger social and historical context is known in the discipline of sociology as the "sociological imagination."
What are the 3 components of sociological imagination?It entails three :
tracing the connections between people's behavioral patterns and broader social forces; learning to recognize how people behave according to systems; identifying the social forces that are influencing a person's behavior.To know more about sociological imagination visit:
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A consequence of an economic activity that is experienced by unrelated third parties is known as a/an:________.
Answer:
An externality
In which step of managing a complaint should you restate and cushion the complaint?
Sharing your understanding of client preferences and expectations is a key component of managing touchpoints. Touchpoints are any channels via which customers can communicate with company, including face-to-face interactions, websites, apps, and other forms of communication. Customers have the chance to compare their earlier perceptions of the company and generate an opinion.
When they interact with these touchpoints. Any time customer interacts with your brand, whether it's through an employee, a website, an advertisement, or an app, that interaction is referred to as customer touchpoint. Say, for instance, that a customer views an advertisement for eco-friendly product on social media.
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When the Federal Reserve wants to buy or sell U.S. Treasury bonds, the Fed makes these transactions with the:
When the Federal Reserve wants to buy or sell U.S. Treasury bonds, the Fed makes these transactions with the General public.
The U.S. imperative banking device—the Federal Reserve, or the Fed—is the most effective economic organization in the u.s.a., possibly the arena. Its core obligations encompass setting interest rates, handling the money deliver and regulating economic markets.
The Federal Reserve machine is a significant banking gadget in us. It became created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of monetary panics led to the desire for valuable control of the monetary device as a way to alleviate financial crises.
The Federal Reserve gadget is not "owned" by way of all people. The Federal Reserve turned into created in 1913 via the Federal Reserve Act to serve as the country's critical bank. The Board of Governors in Washington, D.C., is an organization of the federal government and reports to and is at once accountable to Congress.
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N the is-lm model when m/p rises, in short-run equilibrium, in the usual case the interest rate ________ and output ________
a. rises; falls
b. falls; rises
c. falls; falls
d. rises; rises
N the is-lm model when m/p rises, in short-run equilibrium, in the usual case the interest rate falls, and output falls.
Equilibrium is described as a country of balance or a solid scenario in which opposing forces cancel each different out and wherein no changes are taking place. An example of equilibrium is in economics when supply and call are identical. An instance of equilibrium is whilst you are calm and constant.
The equilibrium states of structural and mechanical systems are characterized by way of the stationary factors of the whole potential electricity of the gadget. that is called the precept of desk-bound capacity power.
In a chemical response, chemical equilibrium is the nation in which each of the reactants and products is found in concentrations that have no similar tendency to trade with time so that there is no observable trade in the properties of the machine.
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A _________ provides a clear description of where a business wants to be even as far back as five years.
A business plan provides a clear description of where a business wants to be even as far back as five years.
A business plan is a document that defines in detail description of a company's objectives and how it plans to achieve its goals in upcoming years. This plan is use to secure investment capital from financial institutions or lenders.
A business plan lays out a written roadmap for the firm from financial, marketing, and operational standpoints. Both startups and established companies use business plans in order to succeed.
Hence, one should have a proper business plan before establishing a business.
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A Network engineer (a.k.a. PM) needs to determine if the manufacturing process planned for the new micro-satellites will meet quality standards. Each satellite takes about 3 days to manufacture and costs 125 thousands. They are so small that inspection would destroy. What should the PM do
The thing that the project manager should do is A. Outsource the inspection to another company with more experience.
Who are project managers?Project managers (PMs) are responsible for planning, and directing the completion of specific projects for an organization while ensuring these projects are on time, on budget, and within scope.
The best option would be to outsource the inspection to another company with more experience, as the project is in inception stage and need experienced people to be successful and to avoid any technical glitch.
It should be noted that another beneficial factor while outsourcing the inspection would be to have a second opinion about the final micro-satellites and would welcome any update or suggestion provided by more experienced people.
While the inspection of satellites would be outsourced, then the manufacturing time will not be affected, the manufacturer keeps on producing with an ETA of 3 days and the inspection process will be performed by another company.
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Options to the question include:
a) Outsource the inspection to another company with more experience
b) Evaluate the attributes of the population
c) Decrease the cost of quality
d) Inspect a sample of satellites
A company that is losing money to international competitors will most likely __________ to stay in business
A company that is losing money to international competitors will most likely move its manufacturing to a country where workers are paid less to stay in business.
International Competition means the Summer or Winter Olympic or Paralympic Games, World Championships, European Championships, or any other international sporting competition recognized by an International Federation or International Federation of Sports for the Disabled. Example 1 Example 2 Example 3.
By adopting strong strategies, understanding local labor laws, focusing on speed to market, and using partnerships to drive efficiency and innovation, companies can: Get the competitive advantage they need in the global marketplace.
The question is incomplete. Please read below to find the missing content.
A company that is losing money to international competitors will most likely __________ to stay in business.
merge with a similar company
sabotage the competition
move its manufacturing to a country where workers are paid less
increase its advertising budget
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During iteration execution, a team’s velocity tends to be most affected by what?
During iteration execution, a team’s velocity tends to be most affected by Product Owner changes, changing estimations, and new Features.
At an event called iteration planning, the entire team decides how much of the team backlog they can commit to completing in the next iteration. The work is compiled by the team into a list of committed Iteration Goals.
Teams make plans by committing to the execution of a number of Stories from their team backlog during the upcoming iteration. Program Increment (PI) Planning was used to seed and partially plan the team's backlog.
The teams also have feedback from the System Demo and other teams they are collaborating with, in addition to feedback from their previous iterations. The broader framework for iteration planning is provided by this as well as the normal progression of changing fact patterns.
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A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. The main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry. True or false?.
True,A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. The main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry.
What is a monopolist?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a situation in which a specific individual or organization is the exclusive supply of a specific thing.
To protect consumers' interests, the government may desire to regulate monopolies. Monopolies, for example, have the market power to establish prices that are greater than in competitive marketplaces. Price capping - limiting price rises - is one way the government can regulate monopolies.
The loss in Static Efficiency is the cost of a monopoly. In comparison to a competitive market, a monopoly generates a Deadweight Loss, which is the value of trades that are not executed. As shown below, the reduction in consumer excess exceeds the gain in producer surplus.
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If your company’s product is mobile phones, do you think it would make better strategic sense to employ a multidomestic strategy, a transnational strategy, or a global strategy?
A global strategy would be appropriate since most mobile phones are constructed to work globally and buyer needs across the world are relatively universal.
Companies adopting cross-border strategies are seeking a middle ground between multilateral and global strategies. Such companies try to balance the desire for efficiency with the need to adapt to local tastes in different countries.
Unlike the Strategy, the Global Strategy is centralized and managed from headquarters, seeking to maximize global efficiency. With this strategy, the products are much more standardized than tailored to the local market.
Four major global strategies form the basis of the organizational structure of a global company. These are domestic exporters, multinationals, franchisors, and multinational corporations. Each of these strategies is pursued with a specific operational organizational structure
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If a regulator sets the price in a natural monopoly equal to the monopolist's marginal cost, the monopolist will?
A regulator sets the price in a natural monopoly equal to the monopolist's marginal coast, the rate is identical to marginal cost (P = MC), as in figure three.14. The aggressive fee and amount are laptop and quality control. The monopoly price and quantity are located where marginal revenue equals marginal cost (MR = MC): PM and QM.
The fee of manufacturing the ultimate unit is extra than the price, and is consequently making a loss, decreasing profit. in the change case, if it's miles less than the fee, by using producing extra gadgets, profits can be elevated. hence, it is ideal for them to set fee same to marginal fee.
Marginal fee pricing is the practice of setting the fee of a product at or barely above the variable cost to provide a further unit of output. Marginal fee pricing most effective covers the variable charges of manufacturing and does no longer bear in mind constant expenses.
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In terms of leadership and organization, the texas municipal league draws strength from its________.
In terms of leadership and organization, the texas municipal league draws strength from the strong, proactive legislative committee's quick adoption of its key legislative items.
Leadership is about achieving goals through the guidance of human assistants. A leader is someone who is successful in getting his human colleagues to achieve a specific goal. A good leader is someone who can do this every day, year after year, under different circumstances.
Leadership is the ability of an individual or group of individuals to influence and guide their followers or other members of an organization.
Leadership skills can be practiced at any level, regardless of title. These are important skills because a good leader can highlight the best skills of team members and motivate them to work together to achieve common goals.
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Why are businesses with product-oriented vision statements often less effective than businesses with customer-oriented vision statements?
Product-oriented vision statements are regularly less effective than organizations with purchaser-oriented vision statements: due to the fact that product-oriented groups have much less flexibility to fulfill consumer needs.
Product-orientated imaginative and prescient statements define a business in terms of an awesome or carrier provided. purchaser-oriented vision statements outline enterprise in phrases of offering solutions to client wishes.
A customer-oriented imaginative and prescient defines an enterprise in terms of presenting answers to consumer wishes. It identifies a crucial need but leaves open the manner of a way to meet that need.
A Product vision or the Product imaginative and prescient assertion is an outline of the essence of your product: what are the troubles it's far fixing, for whom, and why now is the proper time to build it. A Product imaginative and prescient gives your team a bigger picture of what they may be working on and why.
Amazon - To be Earth's maximum customer-centric corporation, wherein clients can discover and discover whatever they might want to buy online. Apple - To bring an excellent consumer experience to its customers through its revolutionary hardware, software, and offerings.
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In a ____________ close, the salesperson seeks to convince the buyer to decide on a trivial element of whatever is being sold.
In a minor point close, the salesperson seeks to convince the buyer to decide on a trivial element of whatever is being sold. Each closing method is a tool in your closing toolbox, and there are various closing strategies.
A closing method in which a salesman tries to persuade the buyer to accept the value or utility of various minor characteristics and aspects of a product in order to make it simpler to persuade customer to accept the larger decision—to buy product. A skilled salesperson assesses the buyer's mindset and level of purchase preparedness before deciding on best closing strategy.
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Any object or objects that a group of people use to buy and sell goods and services is called: Group of answer choices capital a countertrade money revenue an earned deposit
When people are able to use a certain object or objects to buy and sell goods and services, this is called Money.
What is money?Simply put, money is a medium of exchange that allows people to exchange goods and services such that both parities to a transactions feel they got a fair deal.
This means that money can be anything ranging from hard currency, to other goods and services. For instance, if you used an apple to buy another apple, the first apple is money.
In conclusion, an object that allows people to trade for other goods and services is called Money.
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If you leave the rental before the lease term is over, you will most likely pay a penalty.
a. true
b. false
The given statement if you leave the rental before the lease term is over, you will most likely pay a penalty is True.
The end date of your tenancy must be specified in a signed lease for it to be enforceable. Written tenancy at will agreements is those that do not specify an expiration date.
Check the first 10 or 15 lines of your lease to check if your lease automatically extends if it is still in effect and if you intend to vacate on the day it expires.
If your lease automatically renews, this is known as a self-extending lease, and you must notify your landlord that you intend to vacate. You must provide the landlord with your notice in writing by a specific deadline. For the notice period stated in your lease, check it.
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Suppose a friend has asked you to help him to make a choice as to what kind of computer he should buy for his personal use at home. What would you look for in comparing various makes and models
Screen size. 15.6 is standard, but 12 to 14 inches can be more portable.
Display type. Pick IPS for great viewing angles.
RAM & ROM. 4GB RAM or more for multitasking with at least 512GB storage.
Battery. Around 8 hours of battery life support
Taco bell understands that educational programming is a(n) __________ motivator.
Taco bell understands that the educational programming is an Intrinsic motivator.
What is motivation?Motivation is the act of keeping the employees encouraged to work towards their and the company's goals effectively and efficiently.
Motivated employees are more highly likely to work effectively as compared to those who are not motivated enough.
There are many ways in which the employees can be motivated, some experts say that the employees can be motivated by increasing their salary and bonuses while the others say that employees can be motivated with other ways such as trainings and workshops and appreciations.
Taco Bell understands the need to keep their staff and employees motivated so that they can work effectively and as it is a customer service organization it needs to ensure that the staff is being presented in a nice way to the customers.
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Assuming an initial investment of $2,500 on 12/31/13, what is the irr assuming all cash flows occur at the end of each period?
Assuming an initial investment of $2,500.
The IRR assuming all cash flows occur at the end of each period is:- 37.2471%
Cash flows Year
(2,500.000) 0
1,000.000 1
1,000.000 2
1,500.000 3
1,250.000 4
1,500.000 5
Use IRR function in Excel or trial and error method
IRR = 37.2471%.
The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation. The importance of investment is primarily to gain an additional source of income or to make a profit from the investment over a period of time.
Investing is an effective way to put money to good use and potentially build wealth. With smart investments, money can outperform inflation and increase in value. The huge growth potential of investments is largely due to the power of compound interest and the risk/return trade-off.
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Which form of business organization is established as a separate legal entity? multiple choice sole proprietorship partnership corporation none of these
Business organization that is established as a separate legal entity is the corporation.
A corporation is a business organization which is established by a group of people. The founders of the corporation combine their resources to start the business with motive of profit. As a form of business ownership, a corporation is a separate and distinct entity from the founders.
After registration, a corporation acquires the right to engage in business transactions, get its own properties, hiring of employees, acquire assets, and incur debts.
The corporation is always treated as a legal person. The law protects the properties of shareholders from being interfered with should the corporation fail to protect its obligations.
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Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm. Which pricing method are they using?
Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm. They are using cost-plus pricing.
Cost Plus opened its first store in 1958 at 2552 Taylor Street, Fisherman's Wharf, San Francisco, California. This place he closed permanently in 2020. [3] Founder William Amthor discovered that San Francisco residents loved imported discount retail goods when he sold some rattan furniture. The author was running a small, family-owned furniture store in San Francisco at the time, but instead of displaying rattan furniture in his store, he decided to sell it to San Francisco's Fishermen in his 4,000-square-foot storage space in his Wharf neighborhood.
I borrowed The rattan furniture sold quickly, and Amthor was persuaded to start importing goods as a new business. In late 1958, he opened his first store dedicated to imported goods and began importing wicker by ship.[4] In 1962, with the help of his Tandy Corporation in Texas, Cost Plus Another import chain was formed called Imports. These stores were renamed Pier 1 Imports in 1965 and sold in 1966.
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Which method of estimating bad debts is required by gaap when the amount of bad debt is material?
For financial reporting purposes, the allowance approach is necessary when bad debts are significant. It has three crucial characteristics During the same accounting period that sales occurred, uncollectible accounts receivable are estimated and compared to sales.
The allowance technique is setting aside a reserve for anticipated future bad debts. The reserve is calculated as a percentage of the sales made during a reporting period, with the percentage of sales possibly being adjusted for client risk.
How much cash a company should set aside for potential future bad or unrecoverable customer debt is determined using the allowance technique. It takes into account the price of the losses a business anticipates from giving customers credit.
It multiplies the accounts receivable by the relevant percentage for the aging period, puts those two sums together, and uses that result to estimate the allowance for dubious accounts.
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_______ consumers in the united states have increasing influences on mainstream u. S. Culture, and the buying power of this group is projected to reach $1. 3 trillion in 2015.
Hispanic consumers in the U.s. have an increasing influence on mainstream U. S. Culture.
What is Hispanic consumers?
Hispanic consumers are more probable to engage in unique shopping activities, such as shopping online for the first time or buying from new retailers. Categories such as pet care, home furnishings and décor, and clothing and accessories have driven Hispanics online for the foremost time to shop for these items
How do Hispanic consumers target?Bring Hispanic civilization into your marketing efforts.
For example, you can use one banner of Hispanic countries, incorporate cultural music and add in imagery from Spanish-speaking countries. The more you can do to tie your label to the beautiful Hispanic culture, the more prosperous your marketing can be
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