Answer:
They should organize their firm as a corporation.
Explanation:
Joel and Mike would like to start a new business selling a product new to the U.S.
They have done a considerable amount of research on this product, and think it would be successful in the U.S.
Both would like to avoid losing any personal assets. They should organize their firm as a corporation.
Corporation is a legal entity which acts as a person. It is separate from its owners but enjoy most of the rights of a person. It has limited liability. It is funded by issuing shares to the stockholders.
A corporation can be for profit or not for profit. There are several types of corporations such as:
- C corporations.
- S corporations.
- Limited Liability Companies (LLCs)
- Nonprofit Organizations.
Identify whether the collective impact of the driving forces will act to increase /decrease market demand, increase /decrease competition, and raise /lower industry profitability in the years ahead
Answer: B. You should invest in a stock if the expected rate of return from the stock is greater than the expected rate of return on an asset with a similar risk.
Answer:
D. product modification.
Explanation:
This is an example of <u>Product Modification</u> <u>which refers to the improvement of the existing products by making necessary changes </u>in terms of features, quality, etc,.The purpose of the product modification is to maintain existing demand, attract new users and to face the competitors effectively to increase the profits of the enterprise also as here Lindsay's company plans to release a new version of its signature television set having advanced features, including better sound quality and high definition to maximize its profits and defeat the competitors.
trade unions are those who get together in barganing for there rights
if there are more trade unions the barganing power is high, as he/she can't refuse when a whole lot of people are striking.
