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3 years ago

What can other companies that are considering investing in china learn from the experiences of best buy and ebay?

1 answer:

5 0

<span>Companies wanting to have success in China should follow the lead of other ones like Best Buy and eBay. Best buy was very successful in a country that has over 1 billion people. This population represents customers that can buy their products! Salaries in China have begun to go up so people have more disposable income to spend on electronics. Best buy fills that void and ebay fills the void that many products are not sold in China. The only way to get some products are to buy them on ebay. Therefore, companies should follow innovative companies like ebay that reinvented the way companies do business.</span>

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A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 f

Gemiola [76]

Answer: $4.87

Explanation:

The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.

Contribution margin = Selling price - variable costs

= Selling price - Raw materials - packing costs

= 17 - 11.23 - 0.90

= $4.87

8 0

3 years ago

Which of the following describes the management function that includes determining which tasks will be done, who will do them, h

ololo11 [35]

Answer:

Planning management function

Explanation:

Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.

4 0

3 years ago

You make $45,000 per year at your current job with Whiz Kids Consultants. You are considering a job offer from Brainiacs, Inc.,

DIA [1.3K]

Answer:

(a) Yes. It is an opportunity cost of new job because the additional time he spent commuting is a cost, as he can utilize that time in doing something else.

(b) Yes. It is also an opportunity cost because if a person wants to join a new job then he have to give up his current job. So, the earning of $45,000 from his current job is the opportunity cost of accepting the new job.

(c) No. It is not an opportunity cost but it is an additional benefit from the new job because he is not sacrificing anything to obtain this benefit.

5 0

3 years ago

What are the functions of MNCs

nikdorinn [45]

The various functions of MNC are:
Promotion of foreign investment.
Technology transfer.
Promotion of exports.
Investment in infrastructure.

4 0

2 years ago

Read 2 more answers

Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor

Vsevolod [243]

Answer:

Break-even point (dollars)= $80,000

Explanation:

Giving the following information:

Variable costs:

Direct materials $1.50

Direct labor 1.20

Variable overhead 0.90

Variable marketing expense 0.40

Total variable costs= 4

Fixed costs:

The fixed marketing expense totaled $13,000

The fixed administrative expense totaled $35,000.

Total fixed costs= $48,000

The price per calendar is $10.

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 48,000/ [(10 - 4)/10]

Break-even point (dollars)= 48,000/0.6

Break-even point (dollars)= $80,000

3 0

3 years ago