Answer:
E. identifying resources and capabilities in the company's home market.
Explanation:
Expanding into international markets gives a company access to new markets, thereby increases the number of its customers. The company will have to increase its production to cater to a large number of customers. Bulk production results in the company enjoying economies of scale.
For a company to enjoy to consider international markets, it must have already identified its capabilities in the domestic market. The reason for seeking foreign markets if to fully exploits its existing capabilities and resources. Expanding to international markets involves building on the already identified resources and abilities.
Answer:
a) Elastic
b) total revenue is increased
Explanation:
a) The demand is elastic over the given range.
The demand is elastic because, with the variation in the price of the brownies the demand for the brownies varied too i.e the demand changes.
b) Now,
if the elasticity is same for the decline in price from $1.00 to $1.50 i.e 300
the revenue will increase as:
when the price was $1.00 the demand is 100
i.e
the total revenue = $1.00 × 100 = $100
now,
when the price decline to $0.50 the demand changes to 300
i.e
the total revenue = $0.50 × 300 = $150
hence,
the total revenue is increased.
Answer:
$1,009.75
Explanation:
Since Martin Jackson worked 46 hours during the week and normal weekly working hours is 40, he'll be paid standard wage rate for 40 hours and time-and-a-half pay for all hours worked in excess of 40 hours during a week.
Hence Gross Pay = [($30 × 40 hours) + ($30 × 1.5 × 6 hours)] = $1,470
Net Pay = Gross Pay - (Federal Income Tax + Social Security Tax + Medicare Tax)
The net pay will be his gross pay less all statutory deductions
Net Pay = $1,470 - [$350 + ($1,470 × 6.0%) + ($1,470 × 1.5%)] = $1,009.75
