1. ignorance of laws/statutes/regulations in each country and communication issues
2. vulnerability of being a new entry in global competition
3. off-site business, finding trustworthy trade partners whom you've never met
The participants were tested according to the number of days they Mandarin every 20 minutes. It's been testing which would be the best model to study a foreign language. This is an experimental study of identifying the most effective method based on the experiments.
Answer:
B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.
Explanation:
The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.
An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).
Answer:
The additional satisfaction from consuming one more unit of a good
Explanation:
Marginal utility falls as consumption increases.
The Marginal Rate of Substitution (MRS) is the rate at which consumers exchange quantities of units of one good number for another good at the same level of utility.
I hope my answer helps you
Answer:
b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.
Explanation:
The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.
The Porter's five forces of competition framework are:
1. The bargaining power of suppliers.
2. The bargaining power of customers.
3. Threat posed by substitute products.
4. Threats posed by new entrants.
5. Threats posed by existing rivals in the industry.
The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.
