Answer:
A. Inelastic
B. a less than 10% increase in quantity supplied
Explanation:
A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.
A supply is inelastic if the price elascitiy is less than 1.
Answer:
Number of year = 10 year
Explanation:
Given:
Principal = $1,500
Rate of interest = 10% = 0.1
Amount = 2 × Principal = 2 × $1,500 = $3,000
Interest = Amount - Principal = $3,000 - $1,500 = $1,500
Find:
Number of year = ?
Computation:
⇒ Interest = Principal × Rate of interest × Number of year
⇒ $1,500 = $1,500 × 0.1 × Number of year
⇒ $1,500 = $150 × Number of year
⇒ Number of year = $1,500 / $150
⇒ Number of year = 10 year
The correct answer to this open question is the following.
The companies that I think could succeed today with a globalization strategy are Target and Wholefoods. These two supermarket chains are very successful in the United States and are the kind of grocery stores that can compete in international markets in México and South America, where people are already familiar with these concepts because Walmart has a large presence there.
The globalization strategy differs from a multidomestic strategy in that in globalization, the companies open businesses in other countries maintaining the same kinds of operations and models that they use in their native country. In the case of multidomestic companies, they change, adjust, or adapt part of their operation to fit in the consumers' likes in every country.
