Answer:
A. Act Again
Explanation:
In business, tracking a progress is made to ensure that you make a constant improvement within your operation.
During the observation process, you'll notify the things that can either become a hindrance or improvement to your operation. During the adjustment process, you'll eliminate the hindrance and add the things that can become the improvement into the plan.
After both of these were done, you need to act to execute the plan and check the progress again. This will form a cycle that you need to do throughout the operation.
Answer:
A. population sizes, income levels and cultural influences, the current state of the infrastructure and distribution and retail networks available.
Explanation:
The reason is that the foreign markets are affected by the cultural differences for example if US clothing brand enters Suadia Arabia then it can not sell its brands here because in the Suadia Arabian culture girls wear full sleeves and are not skin tight fits. This means that the culture have an influence over the foreign markets. Likewise the income level tells about how much the customer can spend on luxury items, population of customers available is also an attractive part that the investors see to move in the markets. The infrastructure of a country and the regional importance of the state are also the motivators for the foreign companies to move in to the market.
These factors are the ecosystem of the country that gives insight of the market size and market growth of a particular market.
There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.
<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>
Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.
He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.
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Answer:
The correct answer is option e.
Explanation:
In a perfectly competitive market, there are no limitations on the entry and exit of firms. If the existing firms have positive economic profits, this attracts other potential firms to join the market. In case of losses the firms incurring losses exit the market.
If Dirk’s Doughnuts is operating in a perfectly competitive market and is incurring economic losses, firms having losses will exit the market.
This will cause the market supply to decrease. As the supply curve shifts to the left, the price of the product will increase. This will cause profits to increase. The firms will operate at zero economic profits.
