All categories

1 year ago

Explain and provide at least one example of how sociocultural differences can create trade difficulties in world markets.

1 answer:

7 0

Socio cultural differences can cause trade difficulties in world markets when you speak different languages, have different customs, or have drastically different religions.

<h3>What is Socio cultural?</h3>

For company to succeed, intercultural understanding is essential. Any business that seeks to sell products or services must have a thorough understanding of, or at the very least, fundamental awareness of, its target market. This is crucial when breaking into a new geographic market. It is helpful for a business to understand how likely consumers are to accept and ultimately buy its items when it wants to start exporting.

What is common and accepted in one society may be unique, expensive, or even immoral in another. Assessing sociocultural variables provides answers to issues like: Are they accustomed to eating vegetables every day? How do people feel about outdoor sports? Do housewives think having a microwave at home is luxurious? By exploring social behaviour and posing these queries

To learn more about Socio cultural from the given link:

brainly.com/question/19296858

#SPJ4

You might be interested in

Explain south africa's reaction to the recommendations given by the who

LenaWriter [7]

Answer:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

Explanation:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

3 0

2 years ago

A company's 2019 financial records included the following: Jan. 1, 2019 Dec. 31, 2019 Accounts Receivable $100,000 $80,000 Inven

Anna007 [38]

Answer:

The amount of net cash from operating activities for 2019 is $210,000.

Explanation:

Cash flows from operating activities refers to the section of the statement of cash flow that reveal the sources and utilization of cash got from ongoing normal business activities of a company in particular period.

Items that usually found under cash flows from operating activities are net income from the income statement, adjustments to reconcile net income, and changes in working capital.

The amount of net cash from operating activities for 2019 can be determined by preparing a statement of cash flow for operating activities only as follows:

Statement of cash flows

(Operating activities section only)

For the year ended 2019

Details Amount ($) 

Net income 155,000

Adjustment to reconcile net income:

Depreciation expense 25,000

Changes in working capital:

(Increase) decrease in current assets

Accounts Receivable ($80,000 - $100,000) 20,000

Inventory ($70,000 - $50,000) (20,000)

Prepaid Expenses ($75,000 - $100,000) 25,000

Increase (decrease) in current liabilities

Accounts Payable ($110,000 - $100,000) 10,000

Deferred Revenue ($70,000 - $85,000) (15,000)

Net cash from operating activities  210,000 

3 0

4 years ago

On February 1, 2020, Blue Corporation issued 3,400 shares of its $5 par value common stock for land worth $26,700.Prepare the Fe

mafiozo [28]

Answer:

Dr. Cr.

February 1, 2020

Cash $26,700

Bond Premium $9,700

Bond Payable $17,000

Explanation:

Any amount paid / received over the face value of the bond is called premium of bond. It is due to that the stated interest rate of bond is higher than the market rate.

Face value of bond = 3,400 x $5 = $17,000

Premium on bond = $26,700 - $17,000 = $9,700

Cash received will be debited to cash account. Bond payable is a liabilities. Bond premium is also a liability account which will amortize over the bond life and reduce the interest payable amount of each period.

7 0

3 years ago

Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies fran

inessss [21]

Answer:

The correct answer is letter "C": the coattail effect.

Explanation:

The coattail effect is a term mainly used in Politics that describes a situation in which a candidate running for an office and who is usually at the top of preference helps to attract voters for other candidates. In economics, the term might have a negative connotation. It implies businesses that belong to the same industry dragging each other to failure because of other factors rather than competition.

7 0

3 years ago

One key to effective implementation is setting: schedule of events milestones

san4es73 [151]

Is setting scheduled of events and milestones

Setting milestones alone is not enough in order to achieve effective implementation. You should also set aside a deadline to achieve your milestones so you can always keep track on your progress in achieving your Goals

8 0

4 years ago