Answer:
Labor Productivity: ...
Exchange rates and Currency Risk: ...
Costs: ...
Political Risk, Values and Culture: ...
Proximity to Markets: ...
Proximity to Competitor:
Peter's position in the company is of computer systems analyst.
C. computer systems analyst
<u>Explanation:</u>
The System analyst, in order to create an information systems solutions will first identify the business needs and then develop the computer based system which will help fulfil those needs.
To create a business system he needs to have a good understanding of all the specific details of the business and will have to work in a team of people who know the company well and can tell him what exactly the company needs. It's a technical job and one must be skilled in information technology.
B. <span>adverse selection of wage cuts
The </span><span>adverse selection of wage cuts is one of the economic theory to explain why wage are less likely to decrease than increase.
Some of this theories revolve around laws and institution: for example, if the firm is paying only a minimum wage to its employees, it is illegal to reduce that wage.
There are other theories that try to identify the factors behind this pattern: one, the adverse selection of wage cuts argument, describe a situation in which if the employer cut all wages in order to meet the poor requests of the market, the employees that are most likely to stay are the less valuable one, as the most valuable will find a new job elsewhere.</span>
Answer:
This is an example of:
4. product adaptation
Explanation:
Product adaptation is the process by which the management of a company changes product features to meet the needs of specific consumers. It can involve the improvement of a key feature that meets customer demand. This improves a company's competitive advantage over it's rivals. There are various reason as to why a product might need to be improved, namely;
1. To meet the regulatory standards in that particular area. Maybe the specification standards has changed, so the company also adjusts it's products to fit into the threshold of the required standards.
2. To make the product more attractive to a particular audience.
In general, product adaptation is meant to increase the market share especially in a business environment that is always changing with respect to customer needs and business regulations. An increased market share for the improved products usually translates to increased profit margins. Big profit margins is usually considered as a sign of success by most commercial businesses.
Answer:
They don't have a contract because, Although they attempted to accept the original offer within the 10 day period, they originally made a counteroffer which means that they both denied the originally offer and made an opposing offer at once. R&R cannot simply change their mind because they found out that another company offered to do it for less. Whether or not they still have a contract is entirely in Petroleum's hands. This was more of an inquiry than a rejection. However, the option contract was not supported by consideration and so revocable at will.
Explanation: