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3 years ago

Alibaba and China’s ECommerce: Reality Bites

Business

1 answer:

lesya692 [45]3 years ago

7 0

Answer:

EBay lost out because they did not have the right strategy, and were unwilling to incorporate Chinese local content in their process.

Explanation:

Strategy

With regards to strategy, while Ali baba gave local producers freedom to upload their goods on their platform at zero cost; Ebay charged fees from local manufacturers/producers of item for uploading unto their digital platform.

Over confidence

EBay had experienced success in western countries, hence it was unwilling to incorporate Chinese local content in it's process. EBay's server and IT team were based outside China, and this sometimes made their digital platform in China slow, costly and not user friendly like Alibaba.

LESSON TO BE LEARNT

LOCAL CONTENT

Non Chinese e commerce giants like Amazon, needs to ensure that they incorporate Chinese local content in their process, to enable them survive in the Chinese market space.

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________ are a vital part of the public health assessment function and are used to identify special risk groups, to detect new h

lina2011 [118]

Answer:Health statistics

Explanation:

''HEALTH STATISTICS are a vital part of the public health assessment function and are used to identify special risk groups, to detect new health threats, to plan public health programs and evaluate their successes, and to prepare government budgets.''

Health statistics are set of numbers concerning areas of health for example, number of mortality(mortality statistics), birth statistics, marriage statistics and so on.

Health statistics are used to predict the pattern of disease in group of people.

7 0

4 years ago

If you bought Nike stock for $76 a share and sold them for $100 per share, your profit was

Ivan

$24 per share, because if you bought it for $76 and sold it for $100 you gained $24

3 0

3 years ago

A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as:

Elza [17]

Answer:

a.An increase in cash flows from operating activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets such as inventory, accounts receivables etc, (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. A decrease in assets (other than cash) is an inflow of cash while a decrease in liabilities is an outflow of cash.

5 0

3 years ago

Read 2 more answers

Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv

lesantik [10]

Answer:

a) Assets: Reserves $200,000; Liabilities: Deposits $200,000

b) Amount Deposited: $2000,000; Change in Excess Reserves: $190,000; and Change in Required Reserves: $10,000

c) See the calculation below and the attached excel file for the table.

d) the $200,000 injection into the money supply results in an overall increase of $4,000,000 in demand deposits.

Explanation:

These can be answered as follows:

a) Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans).

Note: See the attached excel file for the table.

The $200,000 deposited by Lorenzo to First Main Street Bank led to the creation of both an asset and a liability for First Main Street Bank.

As a result, the reserve of the bank is increased by $200,000 on the asset side of the T-account. It is therefore now possible for the ban to grant loan to other customers from these additional reserves.

In addition, the demand deposit of the bank is increased by $200,000 on the liability side of the T-account. This is recorded as a demand deposit because it is possible for Lorenzo to come at any time to the band to withdraw his deposit either by using a debit card or by writing a check.

b) Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 5%. Hint: If the change is negative, be sure to enter the value as negative number.

Note: See the attached excel file for the table. Just scroll the excel file down to part b.

The required reserve ratio of 5% indicates that First Main Street Bank has to hold 5% of the $200,000 the deposit or fresh fresh reserves, and this will result in having a 95% excess reserve which the bank can employ to grant loans.

From the amount deposited, the change in excess reserve and the change in the required reserve can be computed as follows:

Amount deposited = $200,000

Change in excess reserve = $200,000 * (1 - 5%) = $190,000

Change in required reserve = $200,000 * 5% = $10,000

c) Now, suppose First Main Street Bank loans out all of its new excess reserves to Juanita, who immediately uses the funds to write a check to Gilberto. Gilberto deposits the funds immediately into his checking account at Second Republic Bank. Then Second Republic Bank lends out all of its new excess reserves to Lorenzo, who writes a check to Neha, who deposits the money into her account at Third Fidelity Bank. Third Fidelity lends out all of its new excess reserves to Teresa as well.Fill in the following table to show the effect of this ongoing chain of events at each bank. Enter each answer to the nearest dollar.

Note: See the attached excel file for the table. Just scroll the excel file down to part c.

As already computed in part b above, we have the following to show the effect of this ongoing chain of events at each bank, we have:

For First Main Street Bank:

Increase deposit = Deposit from Lorenzo = $200,000

increase in required reserve = $200,000 * 5% = $10,000

Increase in loans = Loan to Juanita = $200,000 * (1 - 5%) = $190,000

For Second Republic Bank:

Increase deposit = Deposit from Gilberto = $190,000

Increase in required reserve = $190,000 * 5% = $9,500

Increase in Loans = Loans to Lorenzo = $190,000 * (1 - 5%) = $180,500

For Third Fidelity Bank:

Increase deposit = Deposit from Neha = $180,500

Increase in required reserve = $180,500 * 5% = $9,025

Increase in Loans = Loans to Teresa = $180,500 * (1 - 5%) = $171,475

d) Assume this process continues, with each successive loan deposited into a checking account and no banks keeping any excess reserves. Under these assumptions, the $200,000 injection into the money supply results in an overall increase of in demand deposits.

In order to calculate this, the formula for the money multiplier is used to multiply the initial deposit or injection of $200,000 by Lorenzo as follows:

Money multiplier = 1/r

Where r denotes required reserve ratio of 5%, or 0.05.

Therefore, we have:

Overall increase in demand deposits = Injection * (1 / r) = $200,000 * (1 / 0.05) = $200,000 * 20 = $4,000,000

Therefore, the $200,000 injection into the money supply results in an overall increase of $4,000,000 in demand deposits.

Download xlsx

8 0

3 years ago

What is the price at which equilibrium is achieved?

nasty-shy [4]

The price at which equilibrium is reached is known as the equilibrium price. In economics, the equilibrium price is reached when the quantity of a certain product will match the demand of a certain product with regard to price per product. In order to solve for this, you have to compute for quantity demand and quantity supply. After that, you have to graph the line of these two equations and find where these two lines would intersect to find the equilibrium price.

8 0

3 years ago

Read 2 more answers