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Schach [20]
4 years ago
11

A furniture company in the United States works with a plant in India to make wooden desks. The U.S. company designs the desks, a

nd the manufacturer in India makes, assembles, and paints them. These desks are then shipped to the U.S. customers by a shipping company from Taiwan to the sea port in Los Angeles. Each step along the way is monitored by software that each of the companies use to communicate with each other. The way this furniture company conducts business is an example of the term known as ________.
Business
2 answers:
Rudiy274 years ago
8 0

Answer: Globalization

Explanation: Globalization can be defined as the process under which the the company starts operating its business internationally, that is, in companies other than which it is incorporated.

In the given case, the company in the business is incorporated in USA but is using Indian labor for its manufacturing process and a Taiwan company for its shipping purposes.

Hence, we can conclude that the given case is an example of Globalization.

deff fn [24]4 years ago
3 0

Answer:

Globalization

Explanation:

The globalization in this example involves the diversification of the production plants of a certain enterprise to a third party country where the manofacturing is largely cheaper than it would be in their countries or if they had the factory to make them, globalization in economics relates to the destruction of the political and tax barriers that forbid to de-centralize processes of production to other countries were manofacturing processes are cheaper.

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Alina [70]

The company probably uses the multidomestic strategy.

<h3><u>What is a multidomestic strategy?</u></h3>
  • A multi-domestic strategy is one in which businesses adapt both their product lineup and their marketing approach to suit several national contexts in an effort to maximize local responsiveness.
  • Each large national market where commerce is conducted typically has established production, marketing, and R&D operations.
  • The structure of multinational corporations is described by an alternative use of the phrase.
  • International or multinational businesses advertise comparable products in numerous countries and benefit from economies of scale through shared overhead.

Multinational corporations can achieve more localized management by having separate headquarters in many nations, but at a higher cost by forgoing the economies of scale through cost sharing and centralization.

Know more about multidomestic strategy with the help of the given link:

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4 0
1 year ago
Consumer surplus in a market for a product would be equal to​ ________ if the market price was zero.
Scrat [10]
The answer to your question is the area under the demand curve
6 0
3 years ago
At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable t
solniwko [45]

Answer: The correct answer is A). Net income is overstated.

Explanation: Net income is equal to Income less expenses. When an accrued expense is not recognised it results in an understated expense which in turn leads to an overstated net income.

Wages payable is a liability. An omission of such a liability means that wages expenses is also omitted.

3 0
3 years ago
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
Trava [24]

Answer:

B. Real wages for university employees will rise.

Explanation:

Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.

The amount of money available in real terms is more than the actual money, held by the employees earlier.

This is all because the actual increase in inflation rate is less than the increase in salary of employees.

8 0
3 years ago
If the Federal Reserve tightens the money supply, other things held constant, short-term interest rates will be pushed upward, a
Sophie [7]

Answer:

The statement is true

Explanation:

Tightening monetary policy or curbing money supply in an economy is a move by Federal Reserve to control inflation or bring down over-heated economic growth.

Money supply is curbed by increasing short-term interest rates, thereby increasing cost of borrowing and making borrowing less attractive to public. This increase in short-term rates, also called Federal fund rates are usually greater than long-term interest rates prevailing in the market.

6 0
3 years ago
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