Answer:
Globalization of Production
Explanation:
IDG has taken benefit of globalization of production, where a company can when inserted in a global market, source its goods and services from any country has a better offer in quality and price. The company can choose around the globe the best provider for its needs (in this case the need to bottle and sell drink), maximizing in that way its revenue.
Answer:True
Explanation:
The first in a project is making an estimate of the project, a wrong estimate will lead to the failure of the project for this does not only determined the viability of the project but also help in providing adequate liquidity.
Availability of needed fund gives the optimism than the project will be completed and a follow up to ensure money spent adds value to the project as estimated will ensure successful completion of the project.
Answer: Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want
Explanation:
Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want. My company in this case study is an industrial company(that sells pumps, Industrial consumables), and most times we don't actually have a place where we go to sample our products except for exhibitions. What we do most times to sell our products is to reach out to our clients through social media, television and radio ads, going to them for presentations. It is oligopoly kind of business, meaning they are competitions and we have a few firms that dominate the market, so we have to brand ourselves very well in performance and competency to beat the competition.
Why should mary ann and nana create a business plan is to enables the aim and objective of their business to be realistic.
Mary ann and Nana should create a business plan due to the following reasons:
- Creating a business plan will help them to achieve their core business goals.
- Business pan will help both mary ann and nana to determine the strategy they need to achieve their aims.
- Creating a business plan will help to highlights all the vital information concerning the business so as to make their business succeed.
- Creating a business plan will help in maximizing their profit or in managing their cash.
Inconclusion why should mary ann and nana create a business plan is to enables the aim and objective of their business to be realistic.
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