Answer:
(a) Work/leisure choice
(b) Marketing strategy
Explanation:
Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.
Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.
The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.
Answer:
Experience an inward shift of its production possiblity curve.
Explanation:
Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.
The net income is $32,961
<u>Explanation</u>:
To calculate the net income, we will classify the transaction into income and expenses, and compute the difference between their totals;
Income;
Merchandise inventory Sept. 1 = $ 7,740
Merchandise inventory Sept. 30 = $ 11,372
Sales = $ 50,575
Total = $ 69,687
Expenses;
Purchases = $ 33,114
Selling expenses = $ 677
Administrative expense = $ 665
Rent Revenue = $ 1,118
Interest expense = $ 1,152
Total = $ 36,726
Net income = Total income - Total expenses
= 69,687 - 36,716
= $ 32,961
Out of the choices given, the economic goals focuses on funding technological advances in efficiency production. The correct answer is A.
Answer:
The methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Explanation:
In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.
So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.
Therefore,the methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Role of global marketing in international business:
A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.
Another benefit is that the customer awareness increases.
Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.
For example: Gucci delivers all its products globally in different countries.
As for example the company here mentioned is also developing its global strategy.
