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Kitty [74]
4 years ago
10

The primary difference between product markets and factor markets is that

Business
1 answer:
Alekssandra [29.7K]4 years ago
7 0

Answer: Option (A) is correct.

Explanation:

The product market is the market where there is a buying and selling of goods.

Factor markets are the markets where there is a buying and selling of inputs that are used in the production.

Above is the primary difference between the product and factor market.

Product markets include sale and purchase of all the finished goods except raw material, intermediate goods.

Factor markets include capital, labor, land, raw materials, intermediate goods. All these factors are used in the production of final goods.

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The management of Irving Inc., an apparel company based in Letonia, decides to expand the company's operations to several other
sergeinik [125]

Answer:

The answer to this question is B. It can modify its Web site according to the foreign countries' cultures.

Explanation:

A business environment is all internal and external factor that is capable of influencing organisations decision. While internal environment are mostly within the business itself, external factors are from without which means the business has little or no control  

For organisations to succeed in a foreign market, it is required to deal with large society and cultural differences that is practiced in that country.

 social - cultural factor is one of the external factors that can influence a business decision from without in the environment in which it operates.

The social cultural factors which includes belief, norms and customs of the people in that environment are what the business should adhere to in other to succeed in such country.

Therefore, modifying its web site according to the foreign country's culture is a step to achieve what has been explained above.  

Hence the answer to this question is B   It can modify its Web site according to the foreign countries' cultures.

3 0
3 years ago
Mark has two job offers when he graduates from college. mark views the offers as​ identical, except for the salary terms. the fi
Naily [24]
<span>The first Job has a 100% chance for Mark to earn $50,000. While the second Job Has a possible 50% chance for Mark to earn $20,000 and another possible 50% chance for him to earn $80,000 ($20,000 + $60,000) If mark is risk neutral (Meaning that he is insensitive as regards to risk taking) and he wants to maximize his expected utility then Mark will go for the 100% chance of earning $50,000.</span>
5 0
4 years ago
Alton, a mid-level manager for knockaround clothing in charge of monthly inventory, often participates in quarterly meetings of
vivado [14]

Alton's supervisors' allowing him flex time to attend these meetings embraces Alton's<u> "ethnicity".</u>


Ethnicity alludes to the identification of a group in view of an apparent social uniqueness that makes the gathering into a "people." This distinctiveness is accepted to be communicated in dialect, music, values, craftsmanship, styles, writing, family life, religion, custom, nourishment, naming, open life, and material culture. This social exhaustiveness—a one of a kind arrangement of social attributes apparent as conveying everything that needs to be conveyed in usually extraordinary routes over the sociocultural existence of a populace—portrays the idea of ethnicity. It rotates around not only a "populace," a numerical entity, but rather a "people," an exhaustively one of a kind social element.  

4 0
3 years ago
5Z=13, 4G=11, 8K=91, 9B=11, 3P=?​
Anna [14]

Explanation:

Your question isn't clear. But if you are trying to find the value of 3P, with P correlating with any of Z, G, K, or B, then you have to first obtain what these values are.

5Z = 13

=> Z = 13/5

4G = 11

=> G = 11/4

8K = 91

=> K = 91/8

9B = 11

=> B = 11/9

But we don't know what 3P is related to, it would've been easy to make substitutions and obtain the required solution.

3 0
4 years ago
Nominal gross domestic product (GDP) increased from $15.62 trillion to $16.09 trillion, and the price level increased from 120.0
Vesna [10]

Answer:

2.0 percent

Explanation:

Inflation can be defined as the persistent rise in general price levels.

Inflation can be calculated by determining the change in price levels.

(122.4 / 120 ) - 1 = 0.02 = 2%

I hope my answer helps you

5 0
4 years ago
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