The effects of the following transactions on demand are:
- When small cars are treated as the more fashionable so the demand should be increased.
- When the price of large care rises so the demand should be increased.
- When income falls and the small cars should be inferior goods so the demand should be increased.
- The price of the small cars should be reduced so here the demand should be decreased.
- The gasoline price should fall so the demand can't be determined.
In this way, the effects should be done.
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Answer: Relationship building is considered a waste of time.
Explanation:
A low context culture emphasis verbal and direct communication among participating people. There is no ambiguity in relationship terms which allows new entrant an easy entry and understanding for relationship building is secondary rather emphasis is on achieving set goals.
Answer:
Transaction cost
Explanation:
Transaction cost is the cost that is typically in money or time format. It is the cost involved in the context of time or money when a decision is made or an agreement has been reached.
So according to the given situation, there is an excessive amount of time or money spent on parties so that it could be reached to an agreement
Therefore it represents the transaction cost
Answer: D. liable in strict liability based on a manufacturing defect theory.
Explanation: The company can be held liable based on manufacturing defect theory, if it is proved that it was because of a manufacturing defect on that particular toaster that lead to the dead of the boy.
Since the woman's son was electrocuted by the toaster for no apparent reason the company will be held liable for the dead of the boy.