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Svetllana [295]
3 years ago
15

Brestine Inc., a European multinational corporation, wants to expand its customer base and decides to target the Asian market. A

s most Asian countries have comparatively low per capita income, the company introduces cheaper versions of its products that would appeal to the target market. In this scenario, Brestine Inc. is most likely facing the barrier of _____.
A. sociocultural differences
B. political differences
C. legal differences
D. economic differences
Business
1 answer:
lord [1]3 years ago
7 0

Answer:

D. economic differences

Explanation:

in this scenario, Brestine Inc. is most likely to face the barrier of economic differences . People belonging to higher income bracket may not like its product because the product is meant for the poor. They may look upon their product with disdain . This orientation in the thinking of affluent class may serve as deterrent to its entry.

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The price of good X increases from $55 to $60, and quantity demanded decreases from 500 to 400. The price of good Y increases fr
nikklg [1K]

Answer:

demand curve for Good X is more elastic than the demand curve for Good Y

Demand for good X is elastic because the coefficient of elasticity is greater than 1.

Demand for good Y is inelastic because the coefficient of elasticity is less than 1.

consumers who buy Good Y are less sensitive to price changes than consumers who buy Good X

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

For good X,

Percentage change in price = $55 / $60 - 1 = | -0.0833| = 8.33%

Percentage change in quantity demanded = 500 / 400 - 1 = 0.25 = 25%

Elasticity of demand = 25% / 8.33% = 3

Demand for good X is elastic because the coefficient of elasticity is greater than 1.

For good Y,

Percentage change in price = $55 / $60 - 1 = | -0.0833| = 8.33%

Percentage change in quantity demanded = 500 / 475 - 1 = 0.0526 = 5.26%

Elasticity of demand = 5.26% / 8.33% = 0.63

Demand for good Y is inelastic because the coefficient of elasticity is less than 1.

consumers who buy Good Y are less sensitive to price changes than consumers who buy Good X

8 0
3 years ago
A decreasing-cost industry is one in which: a. contraction of the industry will decrease unit costs. b. input prices fall or tec
Bas_tet [7]

Answer:

B

Explanation:

When we talk of a decreasing cost industry, we refer to an industry in which the expansion of the industry will lead to a decrease in the unit production cost.

So with respect to the question at hand , the correct answer is that the input prices will fall as industry expands

The case of a a technological improvement is expected to drive a decrease in the input prices for production in the expanding industry

8 0
3 years ago
How much resistance is ther in a 12-volt circuit with a 2-amp current
Nataly [62]

GIVEN -> Voltage in circuit = 12 V 
 Current in circuit = 2 A  
To find resistance we will use the well known equation or Ohms Law equation,
 which is; V = IR 
 hence R = V/I
  R = (12 V) / 2 A
  R = 6 ohm 
 therefore, ideally the resistance in the circuit would be equal to 6 ohms.
6 0
3 years ago
Roy Gross is considering an investment that pays 7.60 percent. How much will he have to invest today so that the investment will
Reptile [31]

Answer:

He has to invest $16,803.32 so that the investment will be worth $27,000 in six years with a 7.6% interest rate.

Explanation:

Year 6: 27,000

Year 5: 27,000 - (27,000 x 7.6 / 100) = 27,000 - 2,052 = $24,948

Year 4: 24,948 - (24,948 x 7.6 / 100) = 24,948 - 1,896.05 = $23,051.95

Year 3: 23,051.95 - (23,051.95 x 7.6 / 100) = 23,051.95 - 1,751.95 = $21,300

Year 2: 21,300 - (21,300 x 7.6 / 100) = 21,300 - 1,618.80 = $19,681.20

Year 1: 19,681.20 - (19,681.20 x 7.6 / 100) = 19,681.20 - 1,495.77 = $18,185.42

Year 0: 18,185.42 - (18,185.42 x 7.6 / 100) = 18,185.42 - 1,382.10 = $16,803.32

6 0
3 years ago
What is the point where the overall economic conditions are all operating at almost 100% of employment?
marta [7]
This is called Full Employment or sometimes referred to as “economic peak”.

Do you have answer choices?
3 0
3 years ago
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