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aliina [53]
2 years ago
11

What are the pros and cons of relocating a small or midsized manufacturing firm (that makes mature products) from the united sta

tes to china?
Business
1 answer:
Darya [45]2 years ago
5 0

There are usually more positive than negatives when it comes to moving manufacturing from the United States to China. It's cheaper to pay wages in China for the same type of work that someone in America would expect to be paid. Not only can you pay the workers less, you can then afford to expand and hire more people due to saving the money on American wages. Usually, you can also get products cheaper in China and cut down the cost of your product. However, with cheaper labor and materials comes cheaper quality and the quality dropping may hurt consumers willingness to buy.

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Answer: All the options given are correct. Options I - IV are right.

Explanation:

Financial distress is a situation whereby an individual or an organization is unable to generate income or profit as a result of it's inability to pay its liabilities to lenders and creditors and lenders. These financial problems coupled with insufficient money result in stress.

The term financial distress cost consist of all the four options, therefore the correct answer is all the options provided. Financial distress cost is when organizations cannot pay it's liabilities from the revenue generated.

Financial distress cost can be as a result of direct costs that are related to being distressed financially but not bankrupt, indirect bankruptcy cost etc.

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3 years ago
The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand
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Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z =\frac{(x.bar - U)}{Sd/\sqrt{n} } =\frac{52.50 - 50}{6.10/\sqrt{25} }

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

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