Malcolm said that he has no choice but to go ahead with the website changes. This suggests his power is lessened due to a low level of.

Answers

Answer 1

Malcolm stated that he does not have an option but to proceed with the website updates. This implies that his strength is diminished owing to a low level of substitutability.

What is substitutability means?

A replacement, or substitutable good, is a product or service that buyers consider to be essentially the same or similar enough to another product in economics and consumer theory. Simply put, a replacement product is one that may be used in lieu of another. While bringing excellent goods to market is critical, these products do not necessarily generate more revenue for the firm. Customers choose to purchase new product B over old product A since they perform fairly comparable functions. This is an example of product substitutability in action.

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Related Questions

u.s. antidiscrimination laws, as they affect employment relationships, generally do not apply extraterritorially. true false

Answers

US. antidiscrimination laws, as they affect employment relationships, generally do not apply extraterritorially is false statement.

Who do US antitrust laws apply to?Governments create antitrust laws in order to safeguard consumers from unscrupulous company activities and promote fair competition. Numerous dubious commercial practices, such as market division, bid rigging, price fixing, and monopolies, are subject to antitrust legislation.Even foreign nationals are now able to file civil lawsuits in American courts for damages brought on by transgressions of international law or U.S. treaties thanks to the Alien Tort Claims Act.Contracts with choice of law clauses specify in advance which court the parties will go to in the event of a dispute, avoiding the possibility of a conflict of laws.

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lm.04 what has been the biggest enabler of innovation in logistics management during the past three decades?

Answers

Deregulation (C) has been the biggest enabler for innovation in logistics management during the past three decades.

Deregulation is the reduction or elimination of government power in an industry. Deregulation is made by government to increase an industry competitiveness. Deregulation is needed because over-tight regulation might shifted the market condition because of the limitation on investment opportunity.

When government decide to do deregulation policy, this move really help logistics industry to grow. Deregulation allows many investment opportunities, which is actually needed to create new innovation within the industry. Many new competitors may join the industry and offer many new inovations to public. The higher the competition within an industry, the more innovative the companies within.

Through deregulation, government gives opportunity for companies to invest more in their products research and development. This policy allows companies to bring more innovation through their products. Deregulation that leads to industry growth also attracts more labors then help to decrease unemployment rate.

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Complete Question:

What has been the biggest enabler for innovation in logistics management during the past three decades?

a. New modes of transportation

b. FedEx Superbowl ads

c. Deregulation

d. More efficient trucks

The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would replace an old piece of equipment that costs $30,000 per year to operate. The new machine would cost $12,000 per year to operate. The old machine currently in use is fully depreciated and could be sold now for a salvage value of $40,000. The new machine would have a useful life of 10 years with no salvage value.

Required:

1. What is the annual depreciation expense associated with the new bottling machine?

2. What is the annual incremental net operating income provided by the new bottling machine?

3. What is the amount of the initial investment associated with this project that should be used for calculating the simple rate of return?

4. What is the simple rate of return on the new bottling machine? (Round your answer to 1 decimal place.)

Answers

The annual depreciation expense associated with the new bottling machine $12000.

How to compute the depreciation?

Depreciation is a term that alludes to the real diminishing of the fair worth of a resource, like the reduction in the worth of production line gear every year.

Information accommodated processing the yearly depreciation expense  is here underneath:-

Automated bottling machine = $120,000

Useful life = 10 years

The estimation of annual depreciation cost is given beneath:-

Depreciation expense of new machine  = ( cost of asset - salvage value)  ÷ Useful life of  asset

=( 120000 - 0) ÷ 10

= $12000

In this way for figuring out the annual depreciation cost, we just divide the automated bottling by valuable life.

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you are considering the purchase of an office building for $1.4 million today. your expectations include the following: first-year potential gross income of $300,000; vacancy and collection losses equal to 10 percent of potential gross income; operating expenses equal to 40 percent of effective gross income and capital expenditures equal 5 percent of egi. what is estimated effective gross income (egi) for the first year of operations?

Answers

Potential gross revenues for each item (PGI)

Less than $340,000: V&C allowance (15% of PGI)

Effective gross income of 51,000 (EGI) $289,000.

How is effective gross income determined?

By combining prospective gross rental income with other sources of income and deducting vacancy and credit charges from a rental property, effective gross income is calculated. EGI is crucial in assessing a rental property's worth and the actual positive cash flow it may provide.

The ratio or relationship between a property's effective gross rental revenue and its sale price represents the property's effective gross income. the projected earnings from all real estate businesses after accounting for vacancies and collection losses.

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a firm that decides to increase its own brand equity by leveraging the equity of another brand is utilizing what type of brand strategy?

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A firm that decides to increase its own brand equity by leveraging the equity of another brand is utilizing c. Co-branding type of brand strategy.

In the field of business, when multiple brands collaborate or form an alliance so that particular products will have logos of multiple brands attached to them is referred to as co-branding.

By co-branding, a business tries to improve its value in the market while also benefitting the other brand with which it is collaborating.

The method of co-branding is used by brands or firms in order to lure customers to buy products that have tags for two or more brands on them as a result of co-branding.

Although a part of your question is missing, you might be referring to this question:

A firm that decides to increase its own brand equity by leveraging the equity of another brand is utilizing what type of brand strategy?

a. Brand extension

b. Re-branding

c. Co-branding

d. Private-label branding

e. Brand revitalization

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when using the 1-10 closing technique, what should you do if your prospect gives you number lower than six?

Answers

Back up to the explore phase of your inbound sales strategy and figure out what you missed. End the meeting as quickly as possible and stop pursuing that lead.

What are inbound sales strategies?

Inbound sales is a sales practice that focuses on following qualified leads through the buying process, discovering the needs of the buyer through focused research, and presenting them with a tailored offer at the precise moment when they're most receptive to advise from a sales representative. With the use of the inbound sales methodology, businesses "pull" potential customers who are interested in learning more about their products. Inbound sales, then, focuses on the needs of the client and adapts to the buyer's journey while the salesperson serves as a trusted advisor. Any B2B prospect who has been drawn to your content and converts as a result of your inbound lead generation strategy is considered an inbound lead.

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after a firm has identified its key stakeholders in stakeholder impact analysis, the immediate next step is to

Answers

After a firm has identified its key stakeholders in stakeholder impact analysis, the immediate next step is to: Identify stakeholders' interests and claims.

What do you mean by stakeholders?

⇒A stakeholder is a member of "groups without whose support the organization would cease to exist", as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR). The definition of corporate responsibilities through a classification of stakeholders to consider has been criticized as creating a false dichotomy between the "shareholder model" and the "stakeholders model "or a false analogy of the obligations towards shareholders and other interested parties.

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what is its wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Answers

The WACC is Mercy and Co inc. equals to 8.1%

What Is Weighted Average Cost of Capital (WACC)?

A company's cost of capital is represented by its weighted average cost of capital (WACC), which assigns a weight to each category of capital.  WACC are used as a benchmark rate by businesses and investors to determine the viability of a certain project or purchase.

The computation of the firm's weighted average cost of capital goes as follows:

= Weight of debt*after tax cost of debt + weight of equity*cost of equity + weight of preferred stock*cost of preferred stock

= 0.888*0.089 + 0.112*0.019 + 0*0

= 0.079032 + 0.002128 + 0

= 0.081

= 8.1%

Note: The missing question is attached as picture.

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what categories of constraints to project plan implementation are noted in the module? explain each of them.

Answers

Financial, Priority, Time and Scheduling, Staffing, and Scope are the five categories of constraints that prevent the project plan from being implemented.

What kinds of restrictions prevent the project plan from being carried out?

Time, scope, and cost are the three main constraints that project managers should be aware of.

What exactly is a project plan and what can it accomplish?

A blueprint of the goals, objectives, and tasks your team needs to complete for a particular project is referred to as a project plan—also known as a work plan. The schedule, scope, due dates, and deliverables for each phase of the project lifecycle should be included in your project plan.

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bill is conducting an analysis of a new it service. he would like to assess it using the open systems interconnection (osi) reference model and would like to lear more about this framework. what organization should he turn to for the official definition of osi?

Answers

He should go to the International Organization for Standards (ISO) for the Official Definition of OSI.

What does the term "framework" in software mean?

Software frameworks are abstractions used in computer programming where generic functionality-providing software may be selectively modified by extra user-written code to provide application-specific software. A framework, in general, is a physical or mental structure used to support or serve as a roadmap for the construction of anything that enlarges the original house into something useful.

What is a framework? How does it function?

In essence, a framework serves as a form of base upon which things might be built. An encapsulation defined as an application framework allows for the selective modification of software that offers general functionality.

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i can add as many uncorrelated stocks as i want to my portfolio without any limit to diversification. true or false? group of answer choices

Answers

I can add as many uncorrelated stocks as i want to my portfolio without any limit to diversification.

The above statement is False.

What do you mean by portfolio?

A portfolio is a collection of financial assets, such as securities, bonds, commodities, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs). Most people think that a portfolio's core consists of equities, bonds, and cash.Portfolios come in three varieties: process, product, and display. All types include a developer, purpose, specific audience, and reflection section for considering the evidence, despite the fact that each type is written for a distinct audience.

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value of the marginal product of labor and demand) if the product price is $2 per unit, the value of the marginal product for the fifth unit of labor is:

Answers

If the product charge is $2 in line with unit, the cost of the marginal product for the 5th unit of exertions is: d) $40.

The required details for marginal product in given paragraph

The marginal product or marginal bodily productiveness of an enter (aspect of production) is the extrude in output because of using one greater unit of a specific enter (for instance, the extrude in output while a firm's exertions is extended from 5 to 6 units), assuming that the portions of different inputs are stored constant. the marginal product first of all will increase while greater of an enter (say exertions) is employed, maintaining the opposite enter (say capital) constant. Here, exertions is the variable enter and capital is the constant enter (in a hypothetical two-inputs model). As an increasing number of of variable enter (exertions) is employed, marginal product begins off evolved to fall.

Finally, after a sure point, the marginal product turns into negative, implying that the extra unit of exertions has decreased the output, in place of growing it. The cause in the back of that is the diminishing marginal productiveness of exertions.

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Complete question

(Table 69-4: Value of the Marginal Product of Labor and Demand) If the product price is $2 per unit, the value of the marginal product for the fifth unit of labor is:

a) $0.

b) $280.

c) $20.

d) $40.

e) $60.

The relationship between the quantity of inputs and the quantity of output is called the: Multiple Choice average product. Production function. Law of diminishing returns. Marginal product. G

Answers

The relationship between the quantity of inputs and the quantity of output is called the Production function.

What is production function?

⇒The technological relationship between the amounts of physical inputs and the amounts of output of commodities is provided by a production function. One of the core ideas of traditional neoclassical theories is the production function, which is used to define marginal product and distinguish allocative efficiency, a crucial area of economics study. As an engineer or professional manager might put it, one of the main goals of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors while avoiding the technological challenges of achieving technical efficiency. Researchers frequently employ directional distance functions or Shephard's distance functions, which are modifications of the simple distance function, to describe the case of many outputs and many inputs.

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installing quality-control procedures that can be audited by independent quality-control experts is fundamental to

Answers

Installing quality-control procedures that can be audited by independent quality-control experts is fundamental to ISO 9000.

An effective way for businesses to document the components of their quality systems is by using ISO 9000, a set of international standards on quality management and quality assurance.

They can be used by organizations of any size and are not exclusive to any one sector of the economy.

A corporation can accomplish ongoing improvement with ISO 9000 while also ensuring that customers are satisfied and that regulations are met. It need to be regarded as the foundational stage or level of a quality system.

The International Organization for Standardization (ISO), a specialised international organization for standardization made up of the national standards organisations of more than 160 nations, originally released ISO 9000 in 1987.

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river city needs to raise money to build a bridge. designing the bridge and constructing it will require a long-term investment of funds. what source of financing would be representative of such a long-term funding requirement?

Answers

Issuance of bonds source of financing would be representative of such a long-term funding requirement. Thus, option D is correct.

What are the of bonds?

Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute to the business a particular sum of money for a set length of time.

In exchange, the investor receives interest payments on a regular basis. Bonds are purchased by investors because they provide a stable, predictable income stream that may be used to offset the risks provided by volatile but higher-yielding equities and other riskier portfolio assets.

Bonds are also purchased by investors in order to collect interest on a regular basis until their original cash is refunded.

Therefore, option D is correct, If planning and building the bridge would necessitate a long-term investment of finances, the insurance of bonds would be representational of such a long-term funding requirement.

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the task of tax accountant and tax departments to minimize the amiount of taxes paid in the future is called

Answers

The task of tax accountant and tax departments to minimize the amiount of taxes paid in the future is called tax planning

What is tax planning?

It is the set of practices and strategies that aim to reduce or postpone the tax burden within the current legislation, This is a completely legal resource and has nothing to do with tax evasion, which is why it is essential to have documentary support that guarantees the legality of all your practices.

A detailed analysis of the structure and activities of the business is carried out, which will lead to the success of this planning, since each company has its own peculiar characteristics that must be taken into account for a better use of the strategy.

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a mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public. group startstrue or false

Answers

A mutual fund is an investment company that buys stocks and bonds and then sells shares in those securities to the public.  The statement is True. A Mutual Fund is an investment company.

A mutual fund is a professionally managed investment fund that pools money from many investors to buy securities. The term is commonly used inside the united states, Canada, and India, whilst comparable systems across the globe encompass the SICAV in Europe and open-ended investment organizations within the united kingdom.

The mutual price range can be a great investment for all and sundry searching out diversification in their portfolios. study whether or not mutual funds may be the right funding for you. Mutual funds offer diversification and comfort at a low fee, however whether or not to put money into them relies upon your individual state of affairs.

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gretchen is preparing a sales presentation for the executive team. what organizational structure is she most likely to use?

Answers

Gretchen is preparing a sales presentation for the executive team. She should most likely use Matrix organizational structure.

The four forms of organizational structures are useful, multi-divisional, flat, and matrix structures. Others encompass round, group-based totally, and community structures.

Matrix organizational structure is a popular hybrid structure this is often used to streamline mission management. This version promotes collaboration between special groups and departments.

in which there may be a small wide variety of ranges within the hierarchy, the company is stated to be 'flat'. Flat establishments will generally tend to have wide spans of manipulation. In tall establishments, managers have smaller spans of manipulation (ie, fewer humans reporting at once to them).

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4) maria is deciding how big of a house to build. she gets decreasing marginal benefits from house size (so, the marginal benefit of the first square foot is greater than the marginal benefit of the second square foot and so on). the builder charges $100 per square foot. maria decides to build a 1,700 square foot house. what if, instead, the builder offered a discount, where the first 1,000 square feet were half price ($50 per square foot)? how big of a house would maria choose to build: a) less than 1,700 square feet b) still 1,700 square feet c) more than 1,700 square feet

Answers

Discount: The More than 1,700 square feet.

What is discount?

Discount is the reduction in the price of a product or service. It is usually given as a percentage of the original price. Discounts are commonly offered to encourage customers to buy more or to reward them for their loyalty. Discounts can also be used to attract new customers or to clear out old stock. Discounts can be an effective way to increase sales and profits, as customers are more likely to buy a product or service if they can get it at a discounted price. Discounts are often offered during sales or promotional periods, such as holidays or special events. They can also be offered on a regular basis, such as weekly or monthly discounts.

Maria would likely build a larger house because the discount would decrease the cost of the first 1,000 square feet, making it more financially viable to build a larger house. This also means that Maria would be able to benefit from more square feet of her house, as the marginal benefit of each additional square foot would be lower than the discounted price.

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what is the best example of a sociocultural force affecting an industry? multiple choice question. sales of organic fruits and vegetables increase because more people want to eat healthier. the invention of the elevator created opportunities to build taller buildings. as a result of its debt crisis, greece considered adopting its own currency and leaving the european union. an increasing number of workers in the us workforce are expected to be age 60 or older within the next decade.

Answers

The best example of a sociocultural force affecting an industry is an increasing number of workers in the US workforce expected to be age 60 or older within the next decade.

What is sociocultural force?

Sociocultural forces are the values, beliefs, and norms that influence the way people think and behave. These forces shape how people interact with each other, their environment, and their culture. They can be both positive and negative, and can be seen in everything from the language people use to the way they dress. Sociocultural forces are constantly changing and adapting, as culture and society changes. They can also have a huge influence on how people make decisions, such as what jobs they choose, what products they buy, and what values they hold. They can also affect relationships, as different cultures may have different views on marriage, gender roles, and relationships. Ultimately, sociocultural forces are what drive people to create, express, and share their ideas, opinions, and beliefs.

This will have a significant impact on the labor force, as a larger portion of the workforce will be approaching retirement and there will be an increased need for employers to adapt to the changing workforce demographics. This has the potential to create new opportunities for different types of jobs, as well as for new forms of training and support for workers.

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Which of these would be considered observable artifacts in an organization? (select all that apply)
A. Sales
B. Awards
C. Rituals
D. Decoration
E. Values

Answers

B. Awards C. Rituals D. Decoration could be taken into consideration observable artifacts in an organization.

The required details for ritual in given paragraph

A ritual is a series of sports involving gestures, words, moves, or objects, finished consistent with a hard and fast sequence. Rituals can be prescribed via way of means of the traditions of a community, inclusive of a non secular community. Rituals are characterized, however now no longer defined, via way of means of formalism, traditionalism, invariance, rule-governance, sacral symbolism, and performance. Rituals are a function of all regarded human societies. They encompass now no longer handiest the worship rites and sacraments of prepared religions and cults, however additionally rites of passage, atonement and purification rites, oaths of allegiance, determination ceremonies, coronations and presidential inaugurations, marriages, funerals and more. Even not unusual place moves like hand-shaking and saying "hello" can be termed as rituals.

The area of formality research has visible some of conflicting definitions of the time period. One given via way of means of Kyriakidis is that a ritual is an outsider's or "etic" class for a hard and fast interest (or set of moves) that, to the outsider, appears irrational, non-contiguous, or illogical.

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who is most likely to handle the paperwork and bureaucracy hoop jumping during the negotiations process of the privatization of a corrections facility?

Answers

The warden or superintendent  is most likely to handle the paperwork and bureaucracy hoop jumping during the negotiations process of the privatization of a corrections facility.

What are the best strategies for prisoner rehabilitation?

These include providing educational and career guidance as well as prisoner community reintegration. Prisoners may benefit from these techniques by modifying their behavior toward society and getting a second chance to make amends.

In 1879, the Ministry of Home Affairs founded the Correction Bureau as the Prison Bureau. The Prison Administration Bureau, Criminal Policy Bureau, and Correction and Rehabilitation Bureau were some of the names it went by over the years while the Ministry itself underwent name, responsibility, and duty changes.

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when corporations elect to issue two or more shares of stock to existing stockholders for each share they currently own, they have initiated a(n)

Answers

When corporations elect to issue two or more shares of stock to existing stockholders for each share they currently own, they have initiated a stock split. Therefore, Option (A) is the correct answer for this question.

By lowering the face value of the stock, a corporation can increase the number of shares through a stock split. Because the stock price drops after a split, companies typically do it to boost liquidity.

A stock split is a corporate operation in which a corporation issues more shares to owners, raising the overall number of shares by a certain ratio based on the shares they previously owned. To lower the trading price of their stock to a range that is more comfortable for the majority of investors and to boost the liquidity of trading in their shares, companies frequently decide to split their stock.

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Complete Question:

When corporations elect to issue two or more shares of stock to existing stockholders for each share they own, they have initiated

a. stock split

b. dividend spread

c. share dividend

d. earnings split

e. all of the above

the price elasticity of demand is a measure of how sensitive demanders are to changes in the price of a product." Is
this statement true or false?

Answers

The price elasticity of demand is a measure of how sensitive demanders are to changes in the price of a product." --- True

All elastics measure sensitivity or responsiveness to changes in variables. impact. Price elasticity of demand measures how strongly buyers respond to price changes good or service.

Price elasticity :

Price elasticity of demand is a measure of the responsiveness of quantity demanded to changes in price. The formula for price elasticity of demand is the absolute value of the rate of change in quantity demanded. The value divided by the percentage of price change. The price elasticity of demand is the ratio of the rate of change in quantity demanded of a product to the rate of change in price. Economists use it to understand how supply and demand change when the price of a product changes.

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A financial institution that makes short term high interest loans to borrowers brainly.

Answers

A mortgage lender is a lender or institution that underwrites loans on homes.

What are short term loans?

A short-term loan is a form of loan taken out to meet a brief demand for funds on the part of the borrower or their business. Given that it is a kind of credit, it entails paying back the principal plus interest by a specified due date, which is often one year after receiving the loan.

For small enterprises or start-ups that aren't yet qualified for a bank credit line, a short-term loan is a useful choice. Smaller borrowing amounts—from $100 to $100,000—are included in the loan. Short-term loans are appropriate for both people and organizations who have a brief, unexpected cash flow problem.

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Which of the following describes the best way to answer the interview question, "What is your greatest strength?"

I am a fantastic problem-solver.
I am great at organizing and created a system at my previous job.
I am pretty good at using the computer app for this job.
I have too many strengths and cannot choose one.

Answers

I am a fantastic problem solver.


By saying this you will not look arrogant and overconfident.

You cannot say something like that i have so many strength and cannot choose one. You need to be realistic and you have to give some real life strengths , the strength which are real nothing is fake in that because interviewer is their for checking your realistic nature. He needs to check how real person you are so just belief in your self pick up one greatest strength and speak it out confidently

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simply imagine wants to grow their company but is hindered by increasing labor costs and import quotas. simply imagine should consider becoming a(n)

Answers

Simply imagine should consider becoming a multinational corporation. A multinational corporation is any business that has offices and conducts business simultaneously in multiple nations (MNC).

The majority of the time, an international firm will have  headquarters in one nation and fully or partially owned subsidiaries in another. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, and other multinational corporations are examples. Multinational corporations are classified into four types: decentralised multinational corporations MNC, global centralised corporations, international companies, and transnational enterprises. Only when the headquarters or parent company is effectively owned by nationals of two or more countries does a company become multinational.

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a firm would most likely establish an international division when . a. domestic market sales fluctuate b. specialization in foreign market operations becomes essential c. decision making becomes decentralized d. foreign and domestic customers are similar

Answers

A company would most likely create an international division once it became crucial to specialize in overseas market operations.

How do businesses differ from firms?

A enterprise is just a form of business entity that aims to turn a profit by selling products and services. The words "firm" and "business" are interchangeable. Corporations can be formed in a wide range of ways, like sole ownership or corporations.

How come it's termed "firm"?

The Firm is just an informal term for such British royal family as well as its partner organizations, along with the courtiers, employees, and work royals that keep the affairs of the monarchy running. It goes back to the reign of Queen Elizabeth II II's dad, King George VI.

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you've started a new ads account and would like to link it to your analytics property so that you can see detailed marketing campaign data. where in your analytics 4 property can you manage product links like this one with ads?

Answers

Click  Ads Links in the Property column's PRODUCT LINKS section. Select the account you wish to change by clicking the arrow at the end of the row in the list of linked accounts.

What cannot be done when connecting a Ads account to  Analytics?

You cannot change the keyword bids in  Ads from  Analytics by attaching a Ads account to it.

Connect your Goo-gle Adverts account to your Analytics account to view the entire customer lifecycle, from how people engage with your marketing (by clicking on ads, for example) to how they ultimately achieve the objectives you've set for them on your website or mobile app (e.g., making purchases, consuming content).

Goo-gle Analytics 4 properties can be connected to both individual Goo-gle Ads accounts and Goo-gle Ads management accounts.

Up to 400 linkages can be made for each property. Consider setting up a Goo-gle Ads manager account and connecting it to your Analytics property if your present Goo-gle Ads configuration exceeds this cap.

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historically, the real return on treasury bills has been . multiple choice question. quite high negative misunderstood quite low

Answers

Historically, the real return on treasury bills has been quite low.

What is treasury?

⇒A treasury can be a finance ministry, a government agency responsible for taxation and finance or a site or place where treasure is held, such as cash or priceless objects. They could be individual property, religious treasure, or state or royal property. Treasurer is the customary title for the person in charge of a treasury. Especially if they are not an elected representative, this post may not always have the last say on what the treasury does. The word "treasury" first appeared in Classical times to refer to votive structures built to house offerings to the gods, such as the Siphnian Treasury in Delphi or the numerous structures of a similar design built in Olympia, Greece, by rival city-states to outdo one another during the prehistoric Olympic Games.

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