Ming, a global business person, had a conversation with a local shop owner in his city. The shop owner asked Ming about the chal
lenges he has encountered doing business with many countries and cultures. Which types of business challenges did Ming most likely describe to the shop owner? A. There are many challenges with ethical business practices while organizationing and integrating new regions into existing structures.
B.There are legal and regulatory structure differences, and challenges with public relations effectiveness.
C. There are no challenges with developing unsaturated markets for products and accessing lower labor costs.
- standard of ethical conduct differs across countries which does not tally with businessman code of conduct like unhealthy labour practices(child labour) and exploitation of loop holes in tax systems.
- the difference in cultural, geographical, socioeconomic and legal system governs the market system of different regions is always a problem to global business.
Explanation:allocative efficiency is at an output level where the Price equals the Marginal Cost (MC) of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.
The marginal cost is the cost of producing one additional item and is used to pinpoint the optimal economy of scale. The marginal benefit is the greater enjoyment created by producing one additional item.
it shouldn't violate historic cost principal because it is not going to shut down it's business so therefore it should value the assets on the market price not on the cost of purchase price
Explanation:
above is the explanation,you should think of the answers and so doing your hw from this app.
