All categories

3 years ago

Entering foreign markets requires firms to ascertain foremost how they will attain

1 answer:

6 0

The answer is market share. Entering foreign markets will require a certain company or firm to attain their market share because compared to local markets, foreign markets are different and requires strategies and planning—in which, they should do what it takes to attain their market share that is a portion of their market controlled by them.

You might be interested in

Soft drink sales are declining as more consumers are concerned about their health. This represents a change in the __________. A

Firlakuza [10]

Answer:

product concept

Explanation:

The definition of the product concept implies that customers prefer goods that have higher quality, price, and functionality than a standard product. In some niche markets such as computers and mobile phones, the definition is really true.

The product concept relates to a compulsory philosophy to provide the consumer with the best model possible according to need and requirement. A product is not sufficient on its own and needs the performance of many other market aspects such as advertising, shipping, sales, operation, etc.

6 0

3 years ago

Bade Midwifery's cost formula for its wages and salaries is $1,420 per month plus $246 per birth. For the month of October, the

saul85 [17]

Answer:

activity variance = $984 F

Explanation:

given data

wages and salaries = $1,420 per month

per birth = $246

planned for activity = 107 births

actual level of activity = 103 births

actual wages and salaries = $27,795

to find out

activity variance for wages and salaries

solution

we know wages and salaries cost for October is

wages and salaries Planning budget = 1420 + ( 107 × 246 )

wages and salaries Planning budget = $27742

and

Wages and salaries Flexible budget = 1420 + ( 103 × 246 )

Wages and salaries Flexible budget = $26758

activity variance = $27742 - $26758

activity variance = $984 F

4 0

3 years ago

The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;

andriy [413]

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

Ending inventory = $240,000

Gross profit = $600,000

Inventory turnover = 6 times

Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

7 0

3 years ago

Marginal utility is the: select one:

garri49 [273]

Marginal utility is the "change in total utility obtained by consuming one more unit of a good".

Marginal utility evaluates the additional satisfaction a customer earns from consuming extra units of products or services. The idea of marginal utility is utilized by economists to decide the amount of a thing buyers are happy to buy. Positive peripheral utility happens when the utilization of an extra thing builds the total utility, while negative marginal utility occurs when the utilization of an extra thing diminishes the total utility.

3 0

3 years ago

You just purchased an existing business that produces solar panels according to the following production function:

frez [133]

Answer:

$50

Explanation:

In the production function, Q = K0.5L0.5,

K denotes the fixed input in the short run.

First, we calculate the total cost:

Cost of Capital= 25 x $1 = $25

Cost of Labor (for a start 25 workers are used)= 25 x $1 = $25

Total= $50

Since the price of the solar panels is $100, substrating from the total cost $50 (100-50) we get $50 profit per unit of solar panel.

4 0

3 years ago