the principle that one who is not a direct party to a particular contract normally does not have rights under that contract is known as privity contract.
A common law theory known as the doctrine of privity of contract states that a contract cannot provide anybody who is not a party to it rights or bind them to responsibilities.
The underlying idea is that only parties to a contract should be able to file a lawsuit to assert their rights or seek compensation for damages. The doctrine's consequences for contracts made for the benefit of third parties who are unable to enforce the duties of the contracting parties, however, have proven troublesome. The Contracts (Rights of Third Parties) Act of 1999 significantly weakened the theory in England and Wales by establishing a legislative privity exception (enforceable third party rights).
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
do you think you would be more likely to lease an apartment or buy a house when you decide to live on your own? in either case, why is it important to have a good credit report?
Renters don't have to pay property taxes, upkeep charges, or repair bills, unlike homeowners. For homeowners, who are responsible for installation and maintenance, amenities that are typically free for tenants are not.
why is it important to have a good credit report?
You can get reduced interest rates and costs if you have a solid credit history, which is reflected in good credit ratings. This will free up more money for savings accounts for retirement, modest unexpected expenses, and emergencies. Stress is reduced and financial independence is increased by reducing debt and raising savings.
What does the term interest mean?
The fee you pay to borrow money or the fee you charge to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.
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Suppose a ten-year, $1,000 bond with an 8.1% coupon rate and semi-annual coupons is trading for $1,034.69A. What is the bond's yield to maturity(expressed an an APR with semi-annual compounding)?B. If the bond's yield to maturity changes to 9.6% APR, what will be the bond's price?
If the bond's yield to maturity increases to 9.6% APR, its price would decrease to $939.73.
A. To find the bond's yield to maturity, we need to solve for the interest rate (r) in the following equation, where C is the semi-annual coupon payment, F is the face value, n is the number of semi-annual periods, and P is the bond price:
P = C/(1+r/2) + C/(1+r/2)² + ... + C/(1+r/2)²⁰ + F/(1+r/2)²⁰
Using the given information:
C = 8.1% x $1,000 / 2 = $40.50
F = $1,000
n = 20
P = $1,034.69
Plugging in the numbers and solving for r using a financial calculator or spreadsheet software, we get:
r = 3.95% (expressed as an APR with semi-annual compounding)
Therefore, the bond's yield to maturity is 7.9% (double the semi-annual rate).
B. To find the bond's price at a 9.6% APR yield to maturity, we can use the same formula and solve for P:
P = $40.50/(1+0.048)¹+ $40.50/(1+0.048)² + ... + $40.50/(1+0.048)²⁰+ $1,000/(1+0.048)²⁰
Using a financial calculator or spreadsheet software, we get:
P = $939.73
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2. Davidson describes two fundamentally different economic philosophies that both impact the debt crisis that the US faces. What are these philosophies? Do you agree with one more than the other?
Answer:
Davidson describes two philosophies that are represented each by the Republican Party and by the Democratic Party.
Republicans believe, according to Davidson, that the economy works best when the state keeps its hands off it. Republicans view a free market economy without government intervention as essentially a perfect machine that can coordinate the interests of vastly different goups of people (this is the concept of the invisible hand, developed by Adam Smith).
The Democrats, on the other hand, while seeing Capitalism as the most efficient economic system, believe that the capitalist economy needs to be regulated by the state, because otherwise, a free market generates undesirable effects like externalities and economic inequality.
According to Davidson, the republicans and the democrats as philosophies are two fundamentally different economic philosophies that impact the debt crisis facing the US. I agree more with the republican side of things, life can't always come with an aim of everything being "equal" and "fair".
What is the lowest credit rating you can get and still be investment worthy?
A.)BBB-
B.)AAA+
C.)C-
Answer is A.!!!
"You can make the impossible, possible" -Ali
what benefits do you think its the best?
working knowledge of the functional areas of business.
ability to recognize an ethical dilemma and make the most appropriate response.
the ability to work effectively as a member of a team.
Explanation:
I think the (a) is the best.
Which of the following accounts has a normal debit balance?
A. Revenue.
B. Notes Payable.
C. Cash.
D. Accounts Payable.
The correct answer is D. Accounts Payable. Accounts Payable is a liability account that represents the amount owed by a company to its creditors for goods or services received on credit.
It has a normal debit balance, which means that an increase in the accounts payable balance is recorded as a debit entry, while a decrease is recorded as a credit entry.
Revenue, on the other hand, is an income account and has a normal credit balance. An increase in revenue is recorded as a credit entry, while a decrease is recorded as a debit entry.
Notes Payable is a liability account and typically has a normal credit balance. It represents the amount of money a company owes on a promissory note.
Cash is an asset account and has a normal debit balance. An increase in cash is recorded as a debit entry, while a decrease is recorded as a credit entry.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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the mediaâ s ability to select how and what it reports as its greatest source of influence is known as
The media ability to select how and what it reports as its greatest source of influence is known as Gatekeeping .
Gatekeeping is the process by which the media selects, shapes, and filters the news that is presented to the public. In other words, gatekeeping refers to the media's ability to determine what information is reported and how it is presented. This can have a significant impact on public opinion and can shape the way people perceive events and issues.
Gatekeeping can occur at various stages of the news production process, including the selection of stories, the editing and framing of news reports, and the decision to publish or broadcast certain information. News editors, producers, and reporters all play a role in gatekeeping, as they make decisions about what stories to cover, how much attention to give them, and how to present them to the public.
Gatekeeping can be influenced by a variety of factors, including the media organization's values and mission, the interests of advertisers and stakeholders, and the political and economic climate. It can also be influenced by the biases and beliefs of individual journalists and editors.
In conclusion, gatekeeping is the media's ability to select how and what it reports as its greatest source of influence. The media's decisions about what information to report and how to present it can have a significant impact on public opinion and can shape the way people perceive events and issues.
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In 18th century, what was the main reason of slow down of Indian Foreign Trade
Answer:
Introduction to India’s Foreign Trade:
Even being a typical poor underdeveloped country, India’s foreign trade was in a prosperous state during the period under review. In terms of volume of trade and the range of commodities entering into trading list, India was better placed compared to other contemporary underdeveloped countries. But that must not be viewed as an indicator of prosperity. Above all, her pattern of trade was definitely different from those of other underdeveloped countries.
India’s composition of trade (i.e., pattern of imports and exports) before 1813 included manufactured goods as well as primary articles in export list and metals and luxury products in the import list. But such pattern of trade was supplanted by the import of manufactured goods and exports of agricultural raw materials and food grains during much of the nineteenth and twentieth century. This must not be the sign of prosperity or cause for jubilation.
Explanation:
Rather, this situation generated much heat and controversy because, instead of being an engine of growth, foreign trade, as engineered by the British Government, exacerbated economic exploitation. It hampered the process of industrialization. It brought untold misery to the masses. Most importantly, of course partly the backwardness of Indian industry and agriculture is ‘the effect of its external trade which moulded into shape the productive mechanism of the country.’
To understand the nature of the controversy it will be fruitful to tell something about the history of India’s foreign trade during 1757 and 1947. The growth of foreign trade during the two centuries can be divided into following unequal periods: 1757 to 1813, 1814 to 1857, 1858 to 1914, and from 1915 to 1947.
The first period—the early years of the British East India Company (EIC)—is known as the ‘age of mercantilism’. During the period under consideration trade statistics is not available. However, some sort of institutional changes in trade took place during this period.
In the mid-18th century, Indian foreign trade was mainly conducted by the English, Dutch, French, and Portuguese traders and merchants. But the revolution of 1757 strengthened the supremacy of the British EIC. In the process, the EIC monopolized trade and ousted the other merchants and traders.
Home inspector Murray is explaining to first-time buyers in Peabody what he looks for during a home inspection. What is his primary goal
What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
An organization's primary focus is on what it needs to do in order to accomplish its predicted future. Which of the following data analytics methods would best address this concern?A.Network analysis.B.Anomaly detection.C.Prescriptive analysis.D.Predictive analysis.
The data analytics method that would best address an organization's primary focus on what it needs to do in order to accomplish its predicted future is prescriptive analysis.
Prescriptive analysis is a type of advanced analytics that combines data, mathematical models, and optimization techniques to provide recommendations and actions for achieving desired outcomes. It goes beyond descriptive and predictive analytics by not only providing insights into what is likely to happen but also offering guidance on what actions should be taken to accomplish specific goals.
Prescriptive analysis considers various constraints, objectives, and scenarios to suggest the best course of action. It can help organizations make informed decisions, optimize resource allocation, identify the most effective strategies, and determine the steps required to achieve desired future outcomes. By leveraging historical data, predictive models, and business rules, prescriptive analytics provides actionable insights and recommendations to guide decision-making processes and drive desired future outcomes.
In this context, prescriptive analysis would be the most suitable data analytics method to address an organization's focus on what it needs to do to accomplish its predicted future.
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Business Database Design & Management [ASSIGNMENT 04] Overview According to the Humane Society, there are approximately 3,500 physical animal shelters in the United States. Collectively, these animal shelters provide care and temporary homes for six to eight million dogs and cats each year. Without these animal shelters, all of these animals would be homeless. Unfortunately, many animal shelters are poorly funded and cannot afford to create websites or apps that might help their animals to be adopted. In light of this situation, a philanthropic animal rescue organization wishes to create a universal website and mobile app that small animal shelters can use for free in order to help pets find permanent homes. The proposed website and mobile app will rely on a single, centralized relational database, and your task for this assignment is to design this database. Details After conducting a thorough requirements analysis, the philanthropic organization has identified the following information to help you design its database: • Pets are housed and cared for in animal shelters, with each animal shelter providing a temporary home for many pets. Each animal shelter has a name, phone number, and plus code that people can use to locate the shelter (see the following article if you're unfamiliar with plus codes: https://en.wikipedia.org/wiki/Open Location Code). • Each pet has a name, age, gender, description, and adoption date. The adoption date will be empty (i.e., NULL) if a pet has not yet been adopted. You may assume that each pet can be adopted a maximum of one time. • There can be many photos of each pet. The database needs to be able to store both the binary image data and a textual caption for each photo. • Each pet belongs to one or more breeds (e.g., Calico, Russian Blue, Golden Retriever, German Shepard, etc.) and each breed has a name and a description. • Each breed is associated with a particular species (e.g., cat, dog, bird, reptile, etc.) and the database needs to be able to store each species's name and description. Although each breed is associated with just one animal species, each species can have many breeds (e.g., there are many breeds of cats, many breeds of dogs, etc.). • Pets are adopted by human pet parents, each of whom has a name, phone number, and email address. Each pet parent may adopt many pets and each pet may be adopted by many pet parents (e.g., by all of the members of a family). Tasks Your tasks for this assignment are to: 1. Create a complete entity-relationship data model using Draw.io (https://draw.io) that depicts all of the entities, attributes, relationships, and cardinalities that are necessary to support all of the considerations noted above. Your solution should be fully normalized (in third normal form [3NF] or above). Please use crow's foot symbols to depict cardinalities. Please watch the "Creating Entity-Relationship Diagrams using Draw.io" video on the course website to learn how to draw ERDs using Draw.io. 2. Keep a record of any assumptions that you made in arriving at your final data model. You are not required to report any assumptions, but if you do I will consider them when evaluating your entity-relationship diagram.
Entity-relationship diagram (ERD) is a data modeling method that visually displays relationships between database entities, attributes, and tables. An ERD is often used in business analysis and application development.
This article provides instructions for creating an ERD for a database that will be used to help pets find permanent homes, based on the requirements provided by the philanthropic animal rescue organization.
ERD entities: The following are the entities that need to be depicted in the ERD: Animals, animal shelter, breed, species, and pet parent. ERD attributes: The attributes for each entity can be identified from the problem description provided.
ERD relationships: ERD relationships represent how the entities are connected. For instance, a pet can be housed in only one animal shelter at a time, and an animal shelter can house many pets over time.
Therefore, the Animal Shelter entity has a one-to-many relationship with the Animals entity. Also, a Pet Parent can adopt many pets, and a pet may be adopted by many Pet Parents. The ERD should depict this many-to-many relationship between the Pet Parent and the Animals entities.
Finally, the Species entity has a one-to-many relationship with the Breed entity, but a Breed can only be associated with one Species.
Thus, the Breed entity has a many-to-one relationship with the Species entity. Assumptions that may be made include the number of columns in a table, the data type of the columns, the table names, and so on.
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5. The price of a laptop computer dropped from $1,800 to $1,200. What was the percent of
decrease?
a. 30%
b. 1/3
c. 33.33%
d. 333
Answer:
c. 33.33%
Explanation:
The original price was $1,800
The price dropped to $1,200
the drop in price was $1,800 - $1200 = $600
The percentage drop will be $600/$1800 x 100
=0.33333 x 100
=33.33%
Choose the correct statement. A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service. B. The cost of producing one more unit of a good or service is the producer's marginal cost, and we measure marginal cost as the area above the supply curve and below the market price. C. The price of one more unit of a good or service is its marginal cost. D. The cost of producing one more unit of a good or service is equal to the market price.
Answer:
A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service.
Explanation:
Marginal cost is the cost that incurred to produced additional units of output.
According to the given situation, the actual cost of generating one additional unit by the manufacturer is essentially zero. Suppose a supplier produces 10 units at a total price of 100 and he will have to invest more than 10 to produce the 11th unit which makes the total cost 110. And the manufacturer invested 10 extra directly to create the 11th device.
Therefore from the above explanation the correct answer is A.
Which of the following methods would be most appropriate for an emotional appeal?
A.Telling a story about people who resemble the target audience
B.Creating a contrast with the surrounding environment
C.Asking the audience to act
D.Providing information about the product
Answer: telling a story about people who resemble the target audience
Explanation: just took the test
Telling a story about people who resemble the target audience would be most appropriate for an emotional appeal. Thus, option 'A' is the correct option.
What is Emotional Appeal?A kind of persuasion known as an emotional appeal uses sensory, descriptive language and images to stimulate an audience's emotions and persuade them of a point of view. Social psychology is used in the appeal to emotion strategy. Only when the evoked emotions are unrelated to determining the veracity of the conclusion and help to divert from a logical analysis of pertinent premises or facts is it erroneous.
For instance, if a pupil says "My scholarship will be forfeited if I receive a poor mark on this essay. It is not copied "The initial statement's emotional impact is unrelated to determining whether the text was duplicated. In order to persuade the audience that the claims being made by the fallacious argument are true or untrue, appeals to emotion aim to evoke sentiments like fear, pity, or delight in the person receiving the information.
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a principal of 5500 is invested in an account paying an annual rate of 6%. Find the amount in the accoun after 4 years if the account is compounded seni annually
The amount in the account after 4 years, when a principal of $5500 is invested in an account paying an annual interest rate of 6% compounded semi-annually will be approximately $6659.58.
It can be calculated using the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount in the account
P = the principal amount (initial investment) = $5500
r = the annual interest rate (in decimal form) = 6% = 0.06
n = the number of times interest is compounded per year = 2 (semi-annually)
t = the number of years = 4
Plugging in the values, we have:
A = 5500(1 + 0.06/2)^(2*4)
Calculating the expression within the parentheses first:
A = 5500(1 + 0.03)^(8)
A = 5500(1.03)^(8)
A ≈ $6659.58
Therefore, the amount in the account after 4 years, compounded semi-annually, will be approximately $6659.58.
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True or False: Those with master's degrees have the highest earning potential.
Answer:
I believe True but sorry if I'm incorrect.
Explanation:
Answer:
True
Explanation:
To be sure, earning a master's degree has historically been tied to higher earnings. According to the Bureau of Labor Statistics, those with just a high school degree earn $746 per week on average while college graduates earn closer to 1,248 per week, and workers with master's degrees earn nearly $1,500 per week.
what is a claim about homelessness ?
Answer:
1. lack of affordable housing 2.unemployment 3.poverty 4.mental illness 5. substance abuse
Explanation:
Answer:
homelessness people are usaully people who don't have homes and who roam the streets, although people who have homes do the same, the real homeless people do not have money.
Bill received an unordered calendar from the local charity so he must pay money to the charity.
True
False
Answer:
false, they sent the calendar hoping he would make a donation, but he does not have to give any money
Explanation:
they sent the calendar hoping he would make a donation, but he does not have to give any money
poor decision-making by lower-level managers can lead to any of the following adverse outcomes except: question 11 options: increased productivity if there are too few workers. increased expenses if there are too many supplies. increased turnover if the decisions involve managing workers. reduced morale if the decisions involve managing workers. frustration among employees if the decisions involve training workers.
The correct option is A. Poor decision-making by lower-level managers can lead to any of the following adverse outcomes except increased productivity if there are too few workers.
Management is the administration of an enterprise, whether or not it's miles a commercial enterprise, a nonprofit agency, or a central authority body. it is the art and technology of coping with sources of the commercial enterprise. management is how businesses arrange and direct workflow, operations, and personnel to satisfy business enterprise goals. The number one intention of control is to create a surrounding that lets employees work successfully and productively.
The easy means of management is performing things properly. management means organizing and coordinating a commercial enterprise's sports to reap unique targets. In other words, management is making plans, organizing, controlling, and main a business enterprise to achieve its specific goals. control has exceptional factors. Managers are essential for any organization to acquire its goals. they're the spine of any agency, and their position is to ensure that the whole thing runs smoothly inside the enterprise. The success or failure of an organization relies upon how well its managers handle their obligations.
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Complete Question:
poor decision-making by lower-level managers can lead to any of the following adverse outcomes except question 11 options:
A). increased productivity if there are too few workers.
B). increased expenses if there are too many supplies.
C). increased turnover if the decisions involve managing workers.
D). reduced morale if the decisions involve managing workers.
E). frustration among employees if the decisions involve training workers.
What are the advantages of 2022 Sentra's available 7 inch Advanced Drive Assist Display?
The 2022 Sentra's Advanced Drive Assist Display provides drivers with a range of benefits, including enhanced safety, improved visibility, customizable information, a better driving experience, and improved energy efficiency.
The 2022 Nissan Sentra's available 7-inch Advanced Drive Assist Display offers several advantages,
Customizable Information, The Advanced Drive Assist Display provides drivers with a customizable, high-resolution digital display, which can be tailored to show various types of information. This allows drivers to easily access and monitor critical information, such as vehicle performance, fuel economy, and safety alerts, while also displaying other information such as music playback and navigation directions.
Enhanced Safety, The Advanced Drive Assist Display provides drivers with real-time safety alerts, such as Blind Spot Warning, Rear Cross Traffic Alert, and Lane Departure Warning, helping drivers to stay alert and avoid potential hazards on the road.
Improved Driving Experience, The Advanced Drive Assist Display provides drivers with an immersive, technology-rich driving experience, allowing them to stay connected and engaged while on the road. The display can be easily integrated with smartphones, allowing drivers to make hands-free calls, send text messages, and access music and other entertainment options.
Better Visibility, The Advanced Drive Assist Display features a high-resolution, full-color display, which is easy to read in a variety of lighting conditions. This allows drivers to quickly and easily access critical information, even in bright sunlight or low-light conditions.
Efficient Energy Usage, The Advanced Drive Assist Display is designed to be energy-efficient, which helps to optimize fuel economy and reduce emissions. By using less energy than traditional displays, the Advanced Drive Assist Display helps drivers to get the most out of their vehicle's fuel economy.
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On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $85,050 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Retained earnings, October 1 as $0.
ERNST CONSULTING Income Statement
For Month Ended October 31 is $850
ERNST CONSULTING Income Statement
For Month Ended October 31
Revenues
Consulting fees earned $15,040
Total revenues $15,040
Expenses
Rent expense $4,530
Salaries expense $8,090
Telephone expense $880
Miscellaneous expenses $690
Total expenses $14,190
Net income $850
($15,040-$14,190)
Inconclusion ERNST CONSULTING Income Statement For Month Ended October 31 is $850
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Which of the following is least likely to be a theme in a novel about young people going to war?
Answer:
What are the options?
Shondra’s family’s monthly net income is $6,654. The family’s budget is shown in the circle graph below. The family decides to increase the savings budget by 3 percent by decreasing one of the variable expenses by 3 percent. A circle graph titled Family Budget. Housing is 30 percent, Food is 27 percent, Savings is 10 percent, Transportation is 12 percent, medical is 7 percent, clothing is 10 percent, emergency fund is 4 percent. If the family decreases the clothing budget by 3 percent, what amount will it have to spend on clothing? Round to the nearest dollar. $266 $466 $645 $665
Answer:
B. 466
Explanation:
All you need to do is take the net income and multiply it with the percentage of the clothing budget. Since the budget for clothing is brought down from 10% to 7% the equation becomes:
\(6654(0.07)=465.78\)
Answer:
I believe that the answer is B
Explanation:
The purpose of a citation is the following:
to share the source of text evidence and where it is found so that people can see the source of your
information and read more about a topic, if they would like to.
to share text evidence / information to support a thesis
to share text evidence / information that is synthesized
The purpose of a citation is to share the source of text evidence and where it is found so that people can see the source of your information and read more about a topic, if they would like to.
Why is citation important?This is particularly important in academic writing and research, where ideas and arguments are built on a foundation of previous work by other scholars. By citing your sources, you are giving credit to the original author or researcher and acknowledging the influence that their work has had on your own.
Citations also provide a way for readers to check the accuracy and validity of your information. They can use the information provided in a citation to locate the original source and evaluate its credibility and relevance to the topic at hand. Additionally, citations allow for the proper attribution of ideas and concepts, preventing plagiarism and maintaining academic integrity.
Overall, the purpose of a citation is to give credit where credit is due, provide a means for readers to verify information, and promote transparency and accountability in academic research and writing.
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The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pallets for shipping. Because of a lumber shortage, pallets for export have become very difficult to obtain. The management of Allen Export has presented the dock manager with the challenge of reducing the number of wooden pallets used and/or to find a new way to supplement or change their stevedoring system.
Answer:
Throughout the given scenario following are the points, should be achieved to reduce the pallet crisis.
Explanation:
The export business faces the above-mentioned issue of that same lack of wooden pallets towards distribution.
The tightly packed sugar bags might be utilized easily, allowing for easy release of pallets and therefore also available for several other reasons or uses.Rather than just being placed throughout pallets the enterprise should contain sugar bags in what seems like different warehouses.At what wage level there will be no unemployment or labor shortages in the labor market?.
At $15 an hour, there won't be any unemployment or a shortage of workers in the market. Option E is right as a result.
What is mean by no unemployment?At $15 an hour, there won't be any unemployment or a shortage of workers in the market. Option E is right as a result.The consumer's demand or the price of the goods on the market can both be included in the demand curve. Due to lower employment of employees at higher costs, there has been a negative curve of worker demand in relation to wages. Since there hasn't been an excess of labour demand, $15 has been identified as the equilibrium point. Therefore, there haven't been any unemployment issues or worker shortages in the $15/hr labour market. Option E is right as a result.The complete question is
At what wage level there will be no unemployment or labor shortages in the labor market?
$30
$25
$20
$10
$15
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Which of the international operations strategies involves a focus on cost reductions and high local responsiveness
The type of strategy where the international operations focus on higher reductions in cost and higher local alertness is called transnational strategy.
What is meant by the strategy?A strategy is a policy devised to achieve long-term objectives.
Transnational strategy is one of the strategies to keep in check the monetary transactions entered between various entities of different nations. A business is said to be transnational when it has its entire operations in one country but also has varied operations in other counties.
Therefore, the transnational strategy involves a greater reduction in costs and greater alertness at local levels.
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