Answer:
a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.
Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.
A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.
b) What are the respective advantages and disadvantages of both strategies?
Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.
A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.
Grant. A grant, is a form of financial aid that doesn’t have to be repaid.
Answer:
Following are the reason to promote or to improving the E-commerce practices is given below .
Explanation:
- Upselling the product it is the process of convincing the client to buy the product that are identical to which they're staring at, however it has possibility that product may be higher price.
- Enhancing the feature live chat that allows the clients to give the advice as well as convey the issues such as strategic objective, exchange rates and enhancing the shopping experience.
- Adding the phone number in the website it makes solve the problem of the customer in the easy manner .
- Offering the free delivery it will improve the E-commerce facilities as well as send gifts to the purchaser it will enhance the E-commerce.
Answer:
$3.75
Explanation:
The computation of the fabrication department overhead rate per machine hour is shown below:
But before that first determine the following calculations
The Total number of hours is
= 1,000 ×6 + 2,000 × 9
= 6,000 + 18,000
= 24,000
And, the total estimated overhead is $90,000
So, the overhead rate per machine hour for the fabrication department is
= $90,000 ÷ 24,000 hours
= $3.75
Answer:
The correct answer is C
Explanation:
Strategic planning is defined as the document which reflect or states how the plans of the company to function as well as grow over the period of time, which mostly 3- 5 years. This is grounded on the mission statement, goals and core values.
In the strategic planning process, there is no specific timeline which need to be followed, but most of the business usually have the plan for 1-2 years or 2-3 years and others create a fresh plan annually.
