Answer:
The correct answer is B. A firm charges less than the cost to make the product so as to enter or win a market.
Explanation:
Dumping is a tactic of penetration into international markets, which consists in setting prices below the real cost at which the company has made the export (the company that sells to another country), making it possible for the prices of said product they are inferior in the foreign country than in the country that manufactured them.
Quite simply, dumping refers to cases in which a product is sold in another country at a lower price than it has been produced. For example, suppose the case of shoes.
Company A produces shoes at a cost of $ 10 in country A. Its intention is to sell them in country B. So, finally, it exports shoes to B and sells them for $ 8. That is, below the production price.
Why would a company sell below the cost of production? It seems weird that a company sells below the cost of production. Since this means losing money.
The intention behind this is to gain market share and expel competitors. If a company has the capacity to assume such losses for a certain period of time, and other companies do not, the consequence is clear. The most powerful company will remain in the market and the rest will have to close.
Once the competitors have disappeared, the company that sold below cost price takes advantage of its position of power to set higher prices and earn more money.
I believe the answer is: collective bargaining
Collective bargaining refers to the negotiation process arranged by a group of employees in order to negotiate a certain term so the employment relationship could move forward. In this process, the group of employees would appoint someone on their behalf to negotiate with the employers regarding their well being in the work place.
A franchise can be used.
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Explanation:</u></h3>
Franchise refers to the authorization that is given by the government for involving in commercial activities. It is the permission that is obtained legally for using the ideas, expertise and processes of some one else with their permissions.
In the example given, a firm is willing to provide all necessary materials for the preparation of coffee and wants to penetrate the European market. The company here provides all the equipment, ingredients, trademarks and operating systems and hence it can make use of franchise type of strategy.
Answer:
C
Explanation:
They are the ones to use to products.
Answer:
The answer is: A) is correct because there was no bargained-for exchange for the raise.
Explanation:
Dan is correct since nothing was bargained here. For a contract to be binding, both parties must give or promise to give something in exchange, e.g. I will pay $5 and the restaurant will give me a hamburger.
In this case Naomi didn't give anything to Dan or didn't even promise to give anything to Dan.