Answer:
D. Market supply and market demand determine the price and quantity bought and sold in the market.
Explanation:
In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.
If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.
In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold,<em> at the aggregate level</em>.
The answer you are looking for is
Global economy
The free-rider problem arises when an individual <u>[</u><u>C]</u><u> </u><u>does not pay for a good because nonpayment does not prevent consumption.</u>
It would be faster for a human resource manager to use a phone to alert employees about a company picnic
Answer:
The methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Explanation:
In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.
So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.
Therefore,the methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Role of global marketing in international business:
A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.
Another benefit is that the customer awareness increases.
Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.
For example: Gucci delivers all its products globally in different countries.
As for example the company here mentioned is also developing its global strategy.
