Answer:
The correct answer is profit of $2.3 by selling it in Mexico.
Explanation:
According to the scenario, the computation of the given data are as follows:
In the United states Cost of shoes = $45
In Mexico, Cost of Shoes = 430 Pesos ( where $0.1100 = 1 pesos)
So, 430 Pesos = 430 × $0.1100 = $47.3
So, we can calculate the profit to sell in Mexico as follows:
Profit to sell in Mexico = Sell price in Mexico - Sell price in US
= $47.3 - $45
= $2.3
So, the arbitrage opportunity exist by buying the shoes in Pesos and selling it in Mexico, one can make a profit of $2.3 per shoes.
Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer:
concurrent control
Explanation:
Concurrent control (also known as steering or preventive control) is the process of monitoring activities in real time so as to identify and preventing problems from happening thereby producing the desired result and completion of activity in time. This involves applying regulations on the ongoing process based on standards, rules, codes, and policies so that they conform to the organization or company standards
<span>Most billing cycles are processed by a company at the same time each month. The reason for the increased bill was the customer began the service after the last monthly bills were sent out, so by the time the next monthly bills were sent out, the customer had incurred half of one month and the full next month; hence the increase in the monthly bill.</span>
