Answer:
works because prices serve as a means of communication between consumers and producers.
Explanation:
Market mechanism is the money is used as a medium of exchange between buyers and sellers in a open system of value (market).
In the market mechanism consumers are interested in maximising utility, while sellers want to maximise profit.
Demand and supply mechanics works to properly allocate resources according to fluctuations in price.
So market mechanism is successful because price has become a means of communication between buyers and sellers in their mission to maximise utility and profit.
Here's the options that completes the question:
A. building a state-of-the-art facility to fully capture scale economies via an export strategy.
B. using export, licensing, or franchising strategies so as to minimize risk and capital investment.
C. locating buyer-related activities in all countries where it sells its product.
D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets.
E. avoiding the use of strategies that entail coordinating its domestic strategic moves with its strategic moves in the various foreign markets that it enters.
Answer:
D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets
Explanation:
A key condition that makes a firm achieve competitive advantage or a favourable business position is it's costs and product design.
If a firm can lower it's cost in a foreign market while also maintaining quality just as it is has done in it's domestic market then it stands a better chance of success.
For example, if a firm in the clothing line industry decides to expand its operations to a foreign market eg Africa.
A key factor in determining its success is its ability to lower its cost in the foreign market as compared to competitors, while also achieving the same quality standards of products.
The reason that the Ergoworld inc would agree when a modular system would offer greater value to Ergoworld if customers have heterogeneous demands which are expected to be met in a cost-effective way. They want the customers have a heterogeneous demands that they will expect to be met in a cost-effective way.
Answer:
8,450 Favorable
; 3,206 Unfavorable
Explanation:
Variable overhead spending variance:
= (Standard rate - Actual rate) × Actual hours
= ($3 × 18,731) - $47,743
= 8,450 Favorable
Variable overhead efficiency variance:
= (Standard hour - Actual hour) × Standard rate
= [(11,620 × 1.52) - 18,731] × $3
= (-1,068.6) × $3
= 3,206 Unfavorable
I think the answer would be disabled and sick seamen. I'm not sure, but I Hope my answer will help.
