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Answer:
Explanation:
Where the culture and the mode of living are completely different, international business is going beyond boundaries.
People of single culture and region are been dealt with in the domestic business, and it is easy to know what the customer needs. Many cultures are been dealt with when it comes to international business, and there is a need for product customization as per the location. This would require a team that manages these issues in each region.
Hence, when compared to domestic business, the business will be in a large mode. Thus, there is a separate course for international business which helps us to reach the heights we require to see the whole world.
Based on the explanation above, the statement given in the question is false.
Answer:
The correct answer is A)
Explanation:
When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.
A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.
Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.
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Answer:
the standard of living increased
Explanation:
Between the years 1948 and 1990, the level of productivity in the United States of America increased tremendously, to the extent that it was in the doubled fold. Consequently, this increase in the level of productivity simply exemplified that, there is a substantial increase in the standard of living for the average American.
Hence, it can be concluded that, in this case, the workweek didn't get shorter because "the standard of living increased."
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Travel Book
Sales= $164,000
Cost of goods sold= (67,000)
Contribution margin= 97,000
Order and delivery processing (25,000)
Net income= 72,000
Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.
<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>
