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Ad libitum [116K]
4 years ago
5

Nancy is a highly respected person within her community. she is hispanic in a largely caucasian-populated area. since nancy was

looking for a new job, she went to a new company in the area called xyz coffee, where she applied for a position. after the interview, nancy felt confident that she would be hired because of her qualifications. however, she did not get a call back. initially, nancy did not think twice about it, but she felt differently when she visited the same coffee store later to purchase something for a friend. the company had hired an inexperienced caucasian male with a history of unemployment. at this point, nancy was quite aggravated, but she left the issue alone. she ended up asking an associate for an espresso machine. the employee informed nancy where the machine was located and retrieved it for her. nancy asked if there were any other espresso machines of higher quality. when the associate said no, nancy purchased the item and left. after she gave the gift to her friend, she noticed a much better quality espresso machine that someone else had given her. nancy asked where they had purchased it, and they responded, "xyz coffee."
Business
1 answer:
Paladinen [302]4 years ago
5 0

In the case above,  Nancy's right to product options in buying an espresso machine is known as: Consumerism

Consumerism refers to the norm that encourage people to spend their money to buy various type of products. This norm started to popular after the industrial revolution era, which enable companies to produce their products on large scale and require people to buy as much of their products as possible to maintain their operation.

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a) Take a real time example of a company of your own choice working in Pakistan and then discuss the factors that lead to pressu
RUDIKE [14]

Answer:

This responsiveness also promotes the local market orientation of a subsidiary and therefore the strength of its existing network with the businessmen and government authorities.

Explanation:

Usually, firms working within the global market confront two sorts of competitive pressure. They face pressure to scale back costs and pressure to react locally. These competing forces throw a corporation into conflict. It's going to also need a corporation to supply a consistent product on the international market to downstream the experience curve as soon as feasible. In response to local pressures, however, it's necessary for a firm to differentiate its product offering and marketing strategy from one country to a different in an effort to satisfy the various demands arising from domestic consumer preferences, business practices, channels of distribution, competitive conditions and public policies. Because it's going to entail substantial redundancy and a scarcity of product standards to adapt products to varied domestic needs, the result could also be a rise in prices.

While some organizations, like Company A, face a high to scale back cost and low for the reaction of locally, while others, like Company B, face low to scale back costs and high for local reaction, many companies are within the situation of Company C.  It suggests and supports three layers of variables, including environmental, structural, and organizational responsiveness. The analysis of 168 MNE companies within the People's Republic of China shows that environmental complexity and therefore the uniqueness of business culture increase local reaction. Structural variables like the intensity of competition, heterogeneity of demand and localisation of components increase local reaction.

3 0
3 years ago
Assume that interest rates on 20-year Treasury and 20-year corporate bonds are as follows T-bond = 3.72% AAA = 4.12% A = 4.64% B
Luba_88 [7]

Answer: Default risk differences.

Explanation:

The Default risk is the inherent risk a lender faces that a borrower will not pay them back the debt they want to borrow. The lender will therefore charger a high return to cater for this risk. The higher the risk, the higher the return charged.

T-bonds have no default risk because they are guaranteed by the US Government which is why it's rate is the lowest. For the other bonds, there is something called a Credit rating. Bonds are usually rated on how risky it will be to lend to the company borrowing with AAA being of the lowest risk. Therefore as one goes up from AAA, the bonds will have higher default risks.

4 0
3 years ago
Why do companies commonly place new hires on probation?
12345 [234]
<span>Because it is almost impossible to suss out whether a person will be able to learn a new job or be able to fit in with the rest of the work crew just by interviewing and reviewing resumes. And more specifically, in a unionized situation, if probation did not exist it could be virtually impossible and extremely time consuming to justify terminating employment once someone is hired on.</span>
3 0
3 years ago
Read 2 more answers
Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
erastova [34]

Answer: Option (a) is correct.

Explanation:

Advanced technology is a determinant of supply and consumer taste & preferences is a determinant of demand.

Therefore, improvement in technology in catching fish will lead to increase the supply of fish and this will shift the supply curve rightwards. On the other hand, eating fish prevents heart attacks, hence, consumer's demand for fish increases, as a result demand curve for fish also shifts rightwards.

This will lead to increase the equilibrium quantity but effect on equilibrium price is ambiguous because it will be depend upon the magnitude of the shifts of demand and supply curve.

3 0
3 years ago
A firm characterized as a price-taker:
ololo11 [35]

Answer: Option E

Explanation: A perfectly competitive company is known as a price-taker, because the competition of competing firms causes them to embrace the prevailing market price of equilibrium.

If a company raises the price of its product by as much as a penny in a perfectly competitive structure,then it will lose all of its sales to other firms. In such structures the prices are determined by the marker forces of demand and supply.

Hence from the above we can conclude that the correct option is E.

3 0
4 years ago
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