This is an example of anticipatory change in the market and working accordingly.
Explanation:
The cost of inflation int he country that Van works in have risen up directly and this increase in the rate of change of inflation has led to volatility in the market.
SO he updates the prices every day and sends newspaper inserts advertising the new prices. This makes it better for him to deal with the inflation that is happening and fluctuating everyday.
This makes the functioning smooth in context of his daily dealings with costumers who need to be aware of what is happening in the market.
Answer:
The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.
Answer:
E. globalization
Explanation:
-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.
-Availability of supplies refers to having access to the products needed for the business.
-Avoidance of tariffs and import quotas refers to not having limitations like paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.
-Lower labor costs refers to low salaries.
-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.
According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.
The answer to this question is <span>quote a high price first and a lower one later
By quoting a high price first, the customers will feel that they have seen all the best products that Bill has, and settle on the best possible products with best possible price. This will increase their likelihood to buy the moderately expensive car. (if bill started from quoting from lower one, the customers tend to settle on the lower price cars)</span>
The factors to consider in the selection of a site for the production facility are as follows:
Labor costs
Proximity of Raw material
Access to transportation
<h3>What is Labor?</h3>
Labor are the workers hired by an organization to carry out work they are not literate much and are paid wages, on weekly or daily basis. They are paid hourly or by piece rate.
Labor cost is essential as the labor will be working on the site, Raw material can also be required to work with and finally the transportation of the goods needs to be accessible.
Learn more about Labor at brainly.com/question/27428617
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