When competing globally, organizations have three strategic options to consider: international strategy, multinational strategy, and global strategy.
Each option represents a different approach to expanding operations and competing in international markets. In this discussion, we will define and analyze these strategic options, highlighting their contrasts and providing real-world examples.
1. International Strategy:
An international strategy focuses on leveraging the organization's core competencies and products in foreign markets through exports and limited local adaptations. The organization maintains a centralized structure, with decisions made at the headquarters. This strategy allows the company to take advantage of economies of scale, access new markets, and benefit from lower production costs.
Example: Coca-Cola is an excellent example of an international strategy. The company exports its beverages to various countries while maintaining a standardized product and marketing approach. Coca-Cola's core competencies in branding and distribution enable it to compete globally while adapting to local tastes and preferences through product variations.
2. Multinational Strategy:
A multinational strategy involves decentralizing decision-making and allowing subsidiaries or regional units to operate with significant autonomy. The organization adapts its products and marketing strategies to suit local markets, accounting for cultural differences, customer preferences, and regulatory requirements. This strategy enables a high level of local responsiveness and customization.
Example: McDonald's Corporation follows a multinational strategy. While maintaining its core menu items globally, McDonald's adapts its offerings to suit local tastes and cultural norms. For instance, in India, McDonald's introduced vegetarian options to cater to the predominantly vegetarian population, showcasing its flexibility and ability to customize its offerings for specific markets.
3. Global Strategy:
A global strategy emphasizes standardization across markets, with a centralized decision-making structure and a focus on cost efficiency and economies of scale. The organization treats the global market as a single entity, minimizing local adaptations and leveraging global synergies. This approach allows the company to achieve cost advantages and create a consistent brand image worldwide.
Example: IKEA exemplifies a global strategy. The company maintains a standardized product range and store layout across its global locations, promoting a uniform brand experience. By focusing on cost efficiency, bulk purchasing, and flat-pack furniture, IKEA has been able to provide affordable products while maintaining a strong global presence.
Contrast and Analysis:
The key contrasts among these strategic options lie in the degree of standardization, local adaptation, and decision-making centralization. International strategy focuses on centralization and standardization, multinational strategy emphasizes local adaptation and decentralization, while global strategy prioritizes standardization and centralized decision-making.
Organizations must carefully analyze their industry, target markets, and competitive advantages to determine the most suitable strategic option. Factors such as cultural differences, consumer preferences, regulatory environments, and resource capabilities play a significant role in this decision-making process.
It is important to note that organizations often employ a combination of these strategies based on the specific markets and products. They may adopt a multinational strategy in some regions while pursuing a global strategy in others, depending on the market dynamics and opportunities.
In conclusion, the strategic options for competing globally provide organizations with different approaches to expand their operations and compete in international markets. By understanding the contrasts, analyzing real-world examples, and considering their own capabilities and market conditions, organizations can make informed decisions to effectively compete and succeed on a global scale.
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which of the following statements is most accurate? question 5 options: high income countries spend much less on subsidies to their own farmers as they do on aid to poor countries. high income countries spend about the same amount on subsidies to their own farmers as they do on aid to poor countries. high income countries spend slightly more on subsidies to their own farmers as they do on aid to poor countries. high income countries spend slightly less on subsidies to their own farmers as they do on aid to poor countries. high income countries spend much more on subsidies to their own farmers than on aid to poor countries.
The most accurate statement is "high income countries spend much more on subsidies to their own farmers than on aid to poor countries". The correct option is A.
Subsidies refer to financial assistance or benefits provided by the government to individuals or organizations, usually in the form of cash, tax breaks, or other incentives. Subsidies are often given to promote certain economic activities, such as agriculture, renewable energy, or small businesses, or to assist groups that are deemed to be in need of help, such as low-income families or disadvantaged regions.
That's the reason, high income countries spend much more on subsidies to their own farmers than on aid to poor countries that many high income countries provide substantial subsidies to their domestic agricultural producers in order to promote food security and maintain stable agricultural industries.
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Explain why supply and price are positively related.
Answer:
Price is what the producer receives for selling one unit of a good or service.
Explanation:
An increase in price almost always leads to an increase in the quantity supplied of that good or service, while a decrease in price will decrease the quantity supplied.
Based on your car budget ($561.11), what is the most expensive car you can afford to buy or lease?
Prima
Diabalo
Yummer
Posh
Stallion
DMW
Coarser
Answer:
Coarser
Explanation:
Based on the car budget of $561.11, the most expensive car that can be afforded to buy or lease is Coarser.
What is a budget?A budget is a calculating plan, typically financial but not always, for a specific time frame, mostly for one year or one month. Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenses), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget.
In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.
Therefore, with a budget constraint of $561.11, the most expensive car will be Coarser.
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Tari is a human resource manager at a software company. She receives a call from an HR manager at another software company asking about Misha, a software engineer who used to work at the company and has applied for a job at the caller's company. Tari checks the company's records and sees that a co-worker had accused Misha of racial discrimination, but an investigation did not turn up any evidence to support the charge. Misha left the company two months later, saying she was no longer comfortable there. Tari is concerned about sharing the details of this situation with the caller. If telling the information to the caller leads to the other company not hiring Misha, what potentially unlawful behavior could Misha accuse the company of engaging in
The potentially unlawful behavior that Misha could accuse the company of engaging is Defamation or Misrepresentation
Defamation occur when a person give out wrong information or misleading information about another person that may damage the reputation of the person.
Based on the give scenario there was no any form of evidence to support the charge that Misha was a racial discriminatory.
Which means that if Tari shared what transpired with the caller it my damaged Misha reputation which will inturn may affect her career.
Assuming Tari later explained what transpired to the caller which leads to the other company not hiring Mirah it means Tari has engaged in unlawful behavior of tarnishing Misha reputation hence, Misha could accuse the company of engaging in defamation of character.
Inconclusion The potentially unlawful behavior that Misha could accuse the company of engaging is Defamation or Misrepresentation.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
Your company is looking at purchasing a front-end loader and has narrowed the choice down totwo loaders. Loader 1 costs $150,000 with a useful life of seven years with a salvage value of
$10,000 at the end of the seventh year. Loader 2 costs $110,000 with a useful life of five years
with a salvage value of $10,000 at the end of the fifth year. The annual profit for either one is
$20,000. Using a MARR of 20%, which alternative should your company buy?
Based on the provided information and a minimum attractive rate of return (MARR) of 20%, the company should choose Loader 1 over Loader 2 for purchase.
To determine the better option, we need to calculate the present worth (PW) of each loader and compare them. Loader 1 has a useful life of seven years, and Loader 2 has a useful life of five years.
Both loaders have a salvage value of $10,000 at the end of their respective lifespans.
For Loader 1, the initial cost is $150,000, and the annual profit is $20,000.
Using the MARR of 20%, we can calculate the annual equivalent worth (AE) of the annual profit using the formula AE = (Annual Profit - Salvage Value) / (1 + MARR)^n, where n is the number of years. Substituting the values, AE1 = ($20,000 - $10,000) / \((1 + 0.20)^7\)= $9,090.91.
For Loader 2, the initial cost is $110,000, and the annual profit is also $20,000. Similarly, calculating the AE, we get AE2 = ($20,000 - $10,000) / (1 + 0.20)^5 = $10,909.09.
To find the PW, we multiply the AE by the appropriate factor: PW = AE * (1 + MARR)^n. For Loader 1, PW1 = \($9,090.91 * (1 + 0.20)^7\) = $53,527.19. For Loader 2, PW2 = $10,909.09 * (1 + 0.20)^5 = $55,114.80.
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During 2023, Blossom Company constructed various assets at a total cost of $4.10 million. The weighted-average accumulated expenditures on assets qualifying for capitalization of interest during 2023 were $2.80 million. The company had the following debts outstanding at December 31, 2023:
1. 8%, five-year note to finance construction of various assets, dated January 1, 2023, with interest payable annually on January 1 $1,780,000
2. 10%, ten-year bonds issued at par on December 31, 2018, with interest payable annually on December 31 $2,040,000
3. 7%, three-year note payable, dated January 1, 2022, with interest payable annually on January 1 $1,020,000
(a) Calculate the avoidable interest for 2023. (Round answer to 0 decimal places, e.g. 1,525.)
Since the company had three debts outstanding, the avoidable interest for 2023 is $165,200.
To calculate the avoidable interest for 2023, we need to determine the amount of interest that could have been avoided if Blossom Company had not capitalized interest on assets during the year.
We can use the following formula to calculate avoidable interest:
Avoidable interest = Weighted-average accumulated expenditures x Interest rate
In this case, the weighted-average accumulated expenditures on assets qualifying for capitalization of interest during 2023 is $2.80 million.
To determine the interest rate, we need to calculate the weighted-average interest rate on the outstanding debts. We can do this by multiplying each debt's interest rate by its outstanding balance, summing these values, and dividing by the total outstanding debt.
For the 8%, five-year note, the outstanding balance is $1,780,000 and the interest rate is 8%, so the interest on this debt is $142,400.For the 10%, ten-year bonds, the outstanding balance is $2,040,000 and the interest rate is 10%, so the interest on this debt is $204,000.For the 7%, three-year note, the outstanding balance is $1,020,000 and the interest rate is 7%, so the interest on this debt is $71,400.The total outstanding debt is $1,780,000 + $2,040,000 + $1,020,000 = $4,840,000.
Therefore, the weighted-average interest rate is:
($142,400 + $204,000 + $71,400) / $4,840,000 = 0.0589 or 5.89%
Using the formula for avoidable interest, we get:
Avoidable interest = $2.80 million x 5.89% = $165,200
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Abbey Co. sold merchandise to Gomez Co. on account, $15,100, terms n/45. The cost of the goods sold was $10,570. Abbey Co. issued a credit memo to Gomez Co. for $2,900 for merchandise returned that originally cost $2,000. Gomez Co. paid the invoice within the credit period. What amount of gross profit is earned by Abbey Co. on these transactions?
The gross profit is calculated by subtracting the cost of goods sold from the net sales. Thus, the gross profit earned by Abbey Co. on these transactions is $12,200 - $10,570 = $1,630.
To calculate the gross profit earned by Abbey Co. on these transactions, we need to subtract the cost of goods sold from the net sales.
Net Sales:
The net sales are calculated by subtracting the returned merchandise from the original sale amount.
Net Sales = Sale Amount - Returned Merchandise
Net Sales = $15,100 - $2,900
Net Sales = $12,200
Cost of Goods Sold:
The cost of goods sold is the cost of the merchandise sold to Gomez Co.
Cost of Goods Sold = $10,570
Gross Profit:
Gross Profit is calculated by subtracting the cost of goods sold from the net sales.
Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $12,200 - $10,570
Gross Profit = $1,630
Therefore, Abbey Co. earned a gross profit of $1,630 on these transactions.
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¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?
Answer:
Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:
1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.
2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.
3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.
what did not contribute to the collapse of the stock market in 1929?
Answer: stock prices reflected the real value of companies
Explanation:
The SmartArt icon will allow you to include which of the following on a slide?
I think the answer is Graphs, I hope this helps
A website that shows you a selection of athletic shoes based on your previous views of other shoes is using Blank______ to be responsive to your personal needs.
If website that shows you a selection of athletic shoes based on your previous views of other shoes is using personalization.
What is personalization?Personalization can be defined as the process of knowing a person preferences so as to meet their need.
Most online companies tend to make use of personalization to know your preference based on the last thing you bought or based on your previous view by advertising or marketing similar products to you so as to meet your personal needs.
Inconclusion If website that shows you a selection of athletic shoes based on your previous views of other shoes is using personalization.
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question content area the flow of data through the accounting information system includes analyzing transactions, journalizing, posting, and preparing a trial balance. a. true
b. false
a. true The statement that the flow of data through the accounting information system includes analyzing transactions, journalizing, posting, and preparing a trial balance is true.
The flow of data through the accounting information system typically includes the following steps:
Analyzing transactions: This involves examining and understanding the financial transactions that occur within a business, such as sales, purchases, expenses, and payments.
Journalizing: Once the transactions are analyzed, they are recorded in a journal, which is a chronological record of all the company's transactions. Each transaction is recorded in a separate journal entry, including the date, accounts affected, and the amounts involved.
Posting: After the transactions are recorded in the journal, they are posted to the general ledger. The general ledger is a collection of accounts that summarizes the financial activities of the business. Each journal entry is transferred to the appropriate accounts in the general ledger.
Preparing a trial balance: A trial balance is prepared to ensure that the total debits equal the total credits in the general ledger. It lists all the account balances at a specific point in time and serves as a preliminary step in preparing financial statements.
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Typically, companies choose in-house software development for all of the following reasons except to ____.
Typically, companies choose in-house software development for all of the following reasons except to obtain input from other companies who already have implemented the software
Why would a company choose in-house software development?
In-house software development also known as insourcing, in-house development simply means developing software using the experts you have on hand at your company. You don't get any external help; all the developers are employed by you and performing their assigned tasks for you.Typically, companies choose in-house development to satisfy unique business requirements, minimize changes in business procedures and policies, meet constraints of existing systems and existing technology, and develop internal resources and capabilities.
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Which activity will help you improve your verbal communication skills?
A.
learning to pronounce words correctly
B.
learning about gestures used by other cultures
C.
learning correct posture
D.
taking care with your appearance
Answer:
A
Explanation:
knowing how to speak words correctly can help ypu communicate with other people without a problem
When the demand for loanable funds exceeds the supply of loanable funds, households want to save less than firms want to invest and the interest rate rises.
When the demand for loanable funds exceeds the supply of loanable funds, households want to save less than firms want to invest and the interest rate rises. This statement is true.
About the demand for loanable fundsWhen the demand for loanable funds is greater than the supply of loanable funds, households desire to save less than firms want to invest, according to the loanable funds market model. As a result, the interest rate rises because lenders have a greater chance of locating willing borrowers willing to pay more interest.
The loanable funds market is the place where lenders and borrowers come together to borrow and lend funds. The supply of funds comes from households who are saving their cash, while the demand for funds comes from businesses and governments who want to invest in capital projects. The market interest rate is determined by the intersection of the supply and demand curves.
Your question is incomplete but most probably your full question was:
Determine True or False: When the demand for loanable funds exceeds the supply of loanable funds, households want to save less than firms want to invest and the interest rate rises.
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How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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in the event that a parent dies or becomes disabled, which rider allows surviving child coverage to continue until the child reaches a specified age? substitute insured rider surviving income rider waiver of premium rider payor rider
The rider that allows surviving child coverage to continue until the child reaches a specified age in the event that a parent dies or becomes disabled is the substitute insured rider.
This rider essentially replaces the insured parent with another individual who will continue to pay premiums and provide coverage for the child. The substitute insured can be a family member or a trusted individual chosen by the insured parent.
The surviving income rider is a different type of rider that provides the child with a monthly income in the event of the insured parent’s death or disability. The waiver of premium rider waives the premium payments for the policy in the event of the insured parent’s disability. The payor rider is a rider that provides coverage for the child in the event that the insured parent or payor of the policy dies or becomes disabled.
It is important to carefully consider the different riders and coverage options available when choosing a life insurance policy to ensure that your loved ones are adequately protected in the event of an unforeseen tragedy.
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An account is defined as a record of the business activities related to a particular item. True or false?.
The statement "An account is defined as a record of the business activities related to a particular item" is true
This is further explained below.
What is an account?Generally, An account is a term used in accounting to refer to assets, liabilities, income, costs, and equity. In bookkeeping, an account is represented by a single page in a ledger, and any changes in value are documented chronologically using debit and credit entries.
These entries, which are also known as posts, are added to a book of final entries or ledger and form a part of it.
In conclusion, It is correct to say that "an account is defined as a record of the business operations associated with a single item," and this statement is accurate.
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Carlita began 2014 with a taxes payable account balance of $3,000. On December 31, 2014, its taxes payable account balance is $7,000. How much did Carlita pay to the tax authorities during the year?
Answer:
$2,000
Explanation:
The computation of the amount pay to the tax authorities during the year is shown below;
Let us assume the accrued payment be $6,000
Let us assume the amount pay to the tax authorities be X
Beginning Taxes payable account balance + Accrued payment - X = Ending taxes payable account balance
$3,000 + $6,000 - X = $7,000
$9,000 - X = $7,000
So, the X is
= $9,000 - $7,000
= $2,000
hence, the amount pay to the tax authorities is $2,000
cho picks up the local newspaper and reads a stinging letter to the editor criticizing her beverage company for supporting a sporting event for children with disabilities. the letter writer is critical of a banner displayed at the event with the logos of alcoholic beverages and cho’s company name. cho never considered that this problem might arise. in terms of ethical decision making, the company failed to
In terms of ethical decision making, the company failed to consider the potential harm and negative impact of associating their brand with alcoholic beverages in a children's event for disabilities. This failure can be attributed to a lack of foresight and responsibility on the part of the company.
First and foremost, the company failed to conduct a thorough analysis of the potential consequences of their sponsorship. They did not consider how the presence of alcoholic beverage logos alongside their company name could be seen as inappropriate and send a conflicting message to the public.The company also neglected to assess the potential harm that could be caused to their reputation and brand image. By associating themselves with alcoholic beverages in a children's event, they risked alienating their target audience and damaging their reputation as a responsible and ethical company.In summary, the company's failure to consider the potential consequences and ethical implications of associating their brand with alcoholic beverages in a children's event demonstrates a lack of ethical decision making.
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What is one of the biggest telltale signs of a pyramid scheme?
Pyramid schemes posing as multi-level marketing businesses by claiming to have been in the business of selling goods to customers.
What is a pyramid scheme?In a "pyramid" scheme, participants try to gain money purely by recruiting new members, typically if the recruiter guarantees a high return in a short amount of time.
There is no actual sale of merchandise or service; and. Fresh student recruitment is the main focus.
Instead of offering investments or making sales of goods, a pyramid scheme gathers members by promising income or services in exchange for bringing people into the plan.
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disparate-impact discrimination occurs when a protected class of individuals is adversely affected by an employer’s practices, even though they do not appear to be discriminatory. True or False
The given statement "Disparate-impact discrimination occurs when a protected class of individuals is adversely affected by an employer’s practices, even though they do not appear to be discriminatory." is true as it is an unintentional form of discrimination.
Disparate impact as well as disparate treatment basically refer to the discriminatory practices. Disparate impact is also known as the unintentional discrimination, whereas on the other hand the disparate treatment is basically an intentional type of discrimination.
Disparate impact basically happens when the practices, policies, rules or some of the other types systems which are basically neutral but they happen to result in a disproportionate or discriminatory impact on the protected group.
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What is the organization culture of Germany and how
employees learn and utilize them?
(15 marks)
(hints for headings
Characteristics:
1.Innovation and risk taking
2.Attention to detail
3.Outcome orien
The organizational culture of Germany is characterized by a variety of characteristics. These characteristics have to do with innovation, risk-taking, attention to detail, and outcome orientation. Furthermore, employees in Germany learn and utilize these characteristics in a variety of ways.
Innovation and risk-taking: Innovation and risk-taking are two of the most important characteristics of organizational culture in Germany. This is because German organizations tend to be very innovative and willing to take risks. This means that employees are encouraged to think outside the box and come up with new and innovative ideas. Additionally, employees are encouraged to take risks and try new things, even if they may fail.Attention to detail: Another important characteristic of organizational culture in Germany is attention to detail. This means that employees are expected to pay close attention to the details of their work. They are expected to be thorough and precise in everything that they do. Additionally, employees are expected to be meticulous in their work, which helps to ensure that errors are minimized and that work is completed to a high standard.Outcome orientation: Finally, organizational culture in Germany is characterized by an outcome orientation. This means that employees are expected to focus on achieving results and getting things done. They are expected to be goal-oriented and to work towards achieving specific outcomes. Additionally, employees are encouraged to be results-driven and to measure their success based on the outcomes that they achieve. In conclusion, the organizational culture of Germany is characterized by a variety of characteristics. These characteristics include innovation, risk-taking, attention to detail, and outcome orientation. Furthermore, employees in Germany learn and utilize these characteristics in a variety of ways.You can learn more about the organizational culture at: https://brainly.com/question/6332856
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under the concept of establishment of responsibility, how many people should have the ultimate responsibility?
Answer:
1
Explanation:
because we smart,im from forest hill
Answer:
1 because he or she can lead a group
In the long run, increasing the national debt will cause which of these?
A) higher tax revenue
B) an increase in jobs
C) higher interest rates
D) an increase in production
Match each concept in Column A with an example in Column B. Column A Column B a. Substitute goods 1. Price and quantity along the supply curve b. A nonprice determinant of demand 2. Tea and coffee c. A nonprice determinant of supply 3. A change in technology d. Mark-up pricing 4. Hunger e. Positive relationship 5. Shoes and shoelaces f. Negative relationship 6. Consumer income g. Inadequacy 7. Price and quantity along the demand curve 24 h. Complementary goods 8. Setting price equal to cost plus 20 percent
Answer:
a. Substitute goods - Tea and coffee
b. A nonprice determinant of demand - Consumer income
C. A nonprice determinant of supply - A change in technology
D. Mark-up pricing - Setting price equal to cost plus 20 percent
E. Positive relationship - Price and quantity along the supply curve
F. Negative relationship - Price and quantity along the demand curve
G. Inadequacy - Hunger
H Complementary goods - Shoes and shoelaces
Explanation:
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
Complementary goods are goods that are consumed together
The demand curve is a curve that shows the relationship between price and quantity demanded. The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
Only a change in the price of a good leads to a movement along the demand curve of that good. Also, only a change in the price of the good would lead to an increase or decrease in the quantity demanded of that good.
Other factors other than the change in the price of the good would lead to a shift of the demand curve. Some of those factors include :
1. a change in consumers' expectation
2. a change in the taste of consumers
3. a change in income
There is a positive relationship between price and the quantity supplied. This accounts for why the supply curve is positively sloped.
A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.
Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :
1. A change in the price of input
2. A change in the number of suppliers
3. Government regulations
4. Technological changes
notes and accounts receivables that arise from sales transactions with customers are often called trade receivables. true/false
True. Trade receivables are notes and accounts receivables that arise from sales transactions with customers.
They represent the amount owed to a company by its customers for goods or services that have been sold on credit. These trade receivables are typically short-term assets and are recorded on the balance sheet of the company as accounts receivable.
The company expects to receive payment from the customers within a relatively short period, usually 30-90 days. Trade receivables are an important part of a company's working capital and can impact its cash flow and liquidity.
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Throughout the entire semester, you were trained to relate expenses to the revenues generated in the same accounting period. Differently put, the Income Statement must show the revenues and relevant expenses that took place in the same period. Which principle is related to this practice
Answer:
matching principle
Explanation:
In this scenario, the principle related to this practice is known as the matching principle. In accrual accounting, this states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs. Meaning that if a company earns $5,000 in product sales in August but receives a $1000 commission for those products in September, the commission needs to be reported on the August statement alongside the sales.
Use the following to answer question 10: Presented below is information related to ABC Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par—Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par—Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 10. The total stockholders' equity of ABC Corporation is
Answer:
Explanation:
Calculation to determine what The total stockholders' equity of ABC Corporation is
Using this formula
Total stockholders' equity
=Common Stock+Paid-in Capital in Excess of Par—Preferred Stock + Paid-in Capital in Excess of Par—Common Stock + Preferred Stock, + Retained Earnings -Treasury Common Stock (at cost)
Let plug in the formula
Total stockholders' equity=$3,500,000 + 400,000 + $550,000 + $2,000,000 + $1,500,000 - $150,000
Total stockholders' equity= $7,800,000
Therefore The total stockholders' equity of ABC Corporation is $7,800,000