By the year 2014, 160 nations had become members of the World trade organization.
<h3>What is the WTO?</h3>
This is an acronym that stand for the The World Trade Organization. The body is the one that is responsible for global trade in all of these 160 countries that are members.
Its basic function is the enforcing of the rules and the regulations that guide global trade.
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The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to expand on international markets and to be able to maintain the Lower production costs.
<h3>What is importance of of Competitive Advantage</h3>
A competitive advantage serves as one that distinguishes a company from its competitors.
This helps in the getting of more customers, as well as brand loyalty and it is very essential to business so as be able to succeed.
In this case, The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to expand on international markets and to be able to maintain the Lower production costs.
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Answer:
Economic profit for the year is
Explanation:
The accounting profit will be Revenue - expenses (150,000-35,000) $ 115,000. However this problem requires us to calculate economic profit. Economic profit is different from accounting profit. While calculating it opportunity costs also become part of expenses as implicit costs. Detail calculation is given below.
Economic profit = 150,000 -35,000-20,000 = $ 95,000
Answer:
because you spend 1k or more
A(n) Enterprise System is central to individuals and organizations of all sizes and ensures that information can be shared across all business functions and all levels of management to support the running and managing of a business.
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Explanation:</u></h3>
The important process that are used by the business can be easily integrated and coordinated with the help of an ERP or an enterprise system. The main purpose of using an ERP system is for the planning of the resources that are used by an organisation. This helps an organisation to integrate different range of applications and also managing the supply chains.
There are different Enterprise system that business can use for its effective working. They include resources planning (ERP) systems,
customer relationship management software and enterprise planning systems. An Enterprise System acts as a hub in center for the organisations of varying size and serves it for ensuring information flow along the management levels and business functions for its effective operation.
