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Vedmedyk [2.9K]
2 years ago
9

How can a firm obtain the expertise needed to produce and market its products in another part of the world

Business
1 answer:
denis-greek [22]2 years ago
8 0

a firm obtain the expertise needed to produce and market its products in another part of the world. by providing employ Training companies specialize in various kind of  aspects of running a business, adding producing products and marketing them efficiently. You can contract such a firm to come into your business and teach your personnel the skills they need  to learn to produce and sell your product.

A firm is a for-profit business, mainly  formed as a partnership that provides professional services, known as legal or accounting services. The theory of the firm posits that firms exist to maximize profits and almost zero of the loss.

A firm is any type of business. illustration of firms are a sole proprietorship, partnership, limited liability company, or corporation. The term refer to more commonly associated with a partnership.

Business skills are competencies that belongs to people who knows the consumer habits and organizational behavior so they can use this knowledge  to promote the success of the company. Business skills typically qualify as soft skills , and may represent team management, leadership and communication skills.

A product is could be any of the  item or service you sell to serve a customer's need or want. They can be physical or virtual. Physical products represents durable goods

Networking is the simplest way of obtaining this so - called “ expertise . ” Connections need to be made locally , nationally then, globally.

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What was the opportunity cost in a situation in which you use your available cash to buy gas for your car and then stay hungry t
Elodia [21]

Answer:

see below

Explanation:

Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.

In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day.  The pleasure derived from eating is the opportunity cost for this person.  

4 0
3 years ago
I was paid $200 in advance for some hair coloring I will do in January he tells me that's a liability that doesn't make any sens
raketka [301]

Answer:

That is correct this is a liability

Explanation:

That is correct this is a liability. That is because a liability refers to being legally responsible for something. In this scenario, since they paid you $200 for hair coloring then you owe the client that. Meaning that you are legally responsible to provide hair coloring services to the client and until you do that you are liable.

7 0
3 years ago
What rapidly changing factor has led to the social age in business?
Nina [5.8K]

Answer:

Communication technology

Explanation:

6 0
3 years ago
In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne
Harman [31]

So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance

A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.

A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.

For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.

Learn more about creditors here:

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7 0
1 year ago
7) Suppose the real exchange rate is 10, the domestic price level is 8, and the foreign price level is 4. (a) What is the nomina
konstantin123 [22]

Answer and Explanation:

The computation is shown below:

1. Nominal exchange rate is

= (Real exchange rate) × (foreign price level ÷ domestic price level)

= 10 × (4 ÷ 8)

= 5

2. Change in Nominal exchange rate is

Change in  Nominal exchange rate = (real exchange rate change )  + foreign inflation - domestic inflation

= 10 + 4 - 6

= 8%

3.) foreign inflation rate

= Change in Nominal exchange rate - real exchange rate change + domestic inflation

= 5 - 8 + 3

= 0%

We simply applied the above formulas

4 0
3 years ago
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