Answer:
The answer is: 17
Explanation:
Demand is defined as the goods individuals are willing to purchase at the prevailing market prices. The demand curve expresses the relationship between the quantity demanded of goods at given market prices while holding all other factors constant. The given information expressed in tabular form is as follows:
Price Buyer1Qd Buyer2Qd Buyer3Qd Market Demand
$6 7 4 6 17
$5 9 7 8 24
$4 15 10 12 37
$3 21 15 16 52
In order to calculate total market demand, individual demand at the given prices are added horizontally, that is at a price of $6, total demand is 17, at $5 the total demand is 24 and so on. The higher the price the lower the quantity demanded and so on. The quantity demanded of a good and its price are inversely related.
Savings usually have positive impacts on economic growth of a nation. Firstly, increase in the amount of money saved increase the amount of money that are available in the banks which can be used for investment purposes that will benefit the economy. Secondly, high saving rate in an economy increases the ability of that economy to recover from inflation and recession. Personally and nationally, saving helps to cope better with economic and financial down turns.
Answer:
C.Clarify the situation, and ask specific questions about the overseas company's cultural and ethical practices. Also, ask what your company policies are regarding intercultural ethics.
Explanation:
In doing business with foreign cultures one needs to know the expected way transactions are conducted in the country.
A senior executive told you on conference call that you should increase expense amount because when you travel abroad for a trip you will give $5,000 each to top executives of a large account.
In your locale it may be considered bribery, but in the foreign country it may be rude not to give a gift when doing business.
So you need to clarify what acceptable ethical practices are with the foreign company.
Answer:
Limitation of the BCG model include;
• Market share and industry growth are not the only factors of profitability.
• Business can only be classified to four quadrants.
• It does not define what ‘market’ is.
• Does not include other external factors that may change the situation completely.
Explanation:
Necessary steps managers should take to overcome the limitations;
• BCG matrix can be used to analyze SBUs, separate brands, products or a firm as a unit itself. Which unit will be chosen will have an impact on the whole analysis.
• It is important to clearly define the market to better understand firm’s portfolio position.
