Answer:
Compensatory damages are awarded to benefit the plaintiff and to help him or her cover the costs of an accident and/or injury. Punitive damages are awarded to punish the defendant.
Answer:
E. culture.
Explanation:
Culture can be defined as a set of practices, beliefs, values, and customs that are shared by a group of people, and that enjoy legitimacy.
The travel book insight guide specifically tries to inform the traveller about those cultural aspects, probably in order to manage the traveller's cultural expectations so that they do not suffer too much of a culture shock.
Answer:
A. Labour intensive technology
Explanation:
Labour intensive technology involves the use of excess labour required for the production process. Industries carrying out labour intensive technique requires a high amount of labour to produce it's good and services. In this case, the physical efforts of employees is needed in the organization to assemble inner workings of a door knob and locks. The level of labour intensity is usually measure with capital used. The higher the labour use, the more labour intensive it is.
Answer:
Pull Strategy
Explanation:
The Pull Strategy is a marketing strategy which consists in having the customer seek the product by himself or herself.
The goal is to create consumer demand before kickstarting production.
In this case, we have a perfect example of a pull strategy, because Hyun will not start production unless it has proof of demand from a customer, the proof being a order.
Answer:
1). Which factor helps Bangladesh's goods stay competitive when compared to goods from China?
E). Fear of relying on a single country
Bangladesh works as a substitute to Chinese imports. Both Bangladesh and Chinese have a comparative advantage in the production of cheap goods such as textiles because of low labor costs, but companies would rather rely on more than one country (for example: China), so they move production to another country with similar conditions in other to diversify their sources.
This in turn increases the bargaining power of the suppliers according to Porter's model.
2). According to Hecksher-Ohlin theory, which of the following gives Bangladesh a cost advantage?
D). Labor-intensive production
According to Hecksher-Ohlin theory, countries specialize and export the goods that use intensively the factor of production that is most abundant. In Bangladesh, the factor of production that is most abundant is labor, and textile goods are intensive in labor, therefore, Bangladesh specializes in this type of goods and exports them.