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loris [4]
3 years ago
10

Venus Inc., a manufacturer of canned meat, tried to market its canned beef products in India. Since cows are considered sacred i

n many parts of the country, beef consumption is limited. Since the company failed to consider this factor, its marketing strategy was a failure. This indicates that Venus Inc. did not understand the _____ environment in India.
Business
2 answers:
kaheart [24]3 years ago
8 0

Answer: Cultural

Explanation: Belief, values, attitude, norms or ideas peculiar to a certain group or society which could have stemmed from long standing tradition and behavior could be referred to as culture. Cultural belief remains a major guide in shaping the behavior of inhabitants of certain communities.

In the scenario above, India remains a major country who sttill have much regard and values their culture so much. They consider cultural restraint on certain areas of living as being sacred. Therefore, with Venus Inc. opting to ignore the cultural inclination of the Indian people, The business is will almost certainly fail due to inappropriate marketing strategy which neglects cultural consideration.

Dafna11 [192]3 years ago
4 0

Answer:

cultural

Explanation:

Based on the scenario being described it can be said that this  indicates that Venus Inc. did not understand the cultural environment in India. A cultural environment are the different beliefs, practices, behaviors, and norms that exist in a society. Cows being sacred is a belief in Indian culture, and the lack of this knowledge is what caused the marketing strategy to fail.

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Strategic management focuses on integrating management, marketing, finance and accounting, production and operations, research a
9966 [12]

Answer:

True

Explanation:

Strategic management requires incorporation into a cohesive whole of all roles and activities of an organization. Management is described as the mechanism by which people within the organization are prepared, coordinated, guided and managed to use resources effectively to achieve the organizational objectives.

5 0
3 years ago
Security A and Security B have similar risks. However, Security A has a higher rate of return than Security B. The return on Sec
svlad2 [7]

Answer:

The correct answer to the following question is option D) Excess return.

Explanation:

The rate of return can be defined as the gain or loss( net) that a company or business gets on the investment over a defined period of time. Where for taking out the rate of return , the formula which can be used is -

Current value - Initial value / Initial value  x 100

The rate of return helps in evaluating what is the investment growth rate of a company on a year to year basis and what are changes in revenues that have occurred.

When two security's have similar risk and if one security has higher return than other , then the difference between them would be called excess return.

8 0
3 years ago
Fogelberg Company purchased equipment for $12,000. Sales tax on the purchase was $600. Other costs incurred were freight charges
Step2247 [10]

Answer : The correct option is, (d) $13,110.00

Explanation : Given,

Price when company purchased equipment = $12000

Sales tax price = $600

Freight charges = $240

Damage charges = $420

Installation costs = $270

Now we have to determine the total cost of the equipment.

Total cost of the equipment = Purchased price + Sales tax price + Freight charges + Installation costs

Total cost of the equipment = $12000 + $600 + $240 + $270

Total cost of the equipment = $13110.00

Thus, the total cost of the equipment is, $13110.00

5 0
3 years ago
A ________ cost of choosing to attend a concert is not only the out-of-pocket $ $ $ cost, but also the "opportunity cost" (lost
Nataliya [291]

Answer:

The correct answer is real cost.

Explanation:

The real cost of attending a concert includes both explicit as well as an implicit cost. The explicit cost is the direct cost paid out of pocket. For instance, the cost of concert tickets, transport cost, cost incurred on food and beverages, etc are the direct or explicit cost.  

The implicit costs are the indirect costs which are not directly incurred. The main example of implicit cost is the opportunity cost of attending the concert. Opportunity cost is the cost involved in sacrificing the alternative. For instance, if a person is taking leave from work then the wages that he/she could have earned is an opportunity cost.

4 0
4 years ago
"A lender has reviewed the financial statements for an apartment property, and the lender requires a debt coverage ratio of 1.4.
vodka [1.7K]

Answer:

The lender will require that the property to generate $140,000 to maintain the required debt coverage ratio.

Explanation:

Use the formula of Debt coverage ratio to calculate the return that property should generate for required Debt coverage ratio.

Debt Coverage Ratio = Net Income / Loan amount

1.4 = Net Income / $100,000

Net income = $100,000 x 1.4

Net income = $140,000

The lender will require that the property to generate $140,000 to maintain the required debt coverage ratio.

5 0
4 years ago
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