The process or work of keeping financial account is known as accounting.
Answer:
See below
Explanation:
Price elasticity of demand describes how responsive the product of a product is to changes in its price. The term elasticity originates from elastic, which means to stretch. A product is price elastic if a small change in price has a significant impact on its demand. Should the price increase by a small percentage, the demand decreases by a considerable difference.
The demand for some products does not react to changes in prices. A small percentage increase or decrease in price does not result in a big change in the quantity demand. Such products are said to be price inelastic.
Substitute goods or goods with close alternatives are the most price elastic. A small change in price will make consumers consider the other alternatives. Examples of price-elastic goods and services include transport services, furniture, motor vehicle, and professional services such as lawyers, doctors, and auditors.
Answer:
A Common Market
Explanation:
A Common Market is the one where a group is created or established by countries within the area of geographical in order to encourage the duty free trade as well as the free labor movement and also the capital among the members. In the market, it imposes a common external tariff on the imports.
So, in this market, members eliminate the barriers of trade and adopt or follow the common policy.
Answer:
Employee morale will improve as workers recognize they can be promoted to the highest levels of management.
Explanation:
When multinational hotels use local citizens to serve as top management on the company, it sends a message to other local employees that it is possible to rise to a position of higher responsibility in the company even as a local hire.
Workers are more motivated to deliver their best because there is reward of growth.
Furthermore this will increase Goodwill of the company among local citizens.
Answer:
Globalization
Explanation:
This issue portrays corporate globalization, which is a form of economic liberalism that companies use to engage in economic interaction with other countries in order to lower costs and increase profitability. It is a world reality that is constantly expanding and has changed the way relationships and consumption around the world.