Answer:
TRUE
Explanation:
The influence of cultural on business behavior is broadly encompassing. Cultural impacts ranges from understanding employee behavior and employees management methodologies; i.e. how best to manage employees based on their values and priorities. It also impacts the functional areas of marketing and distribution: what people appreciate and the peculiarities of their environment. It also greatly impact and is a strong determinant factor of success when a company is taking a decision on how best to enter a new market.
When business ignore cultural factors they are guilty of ethnocentrism and could be orchestrating business failure.
Answer:
b. $127,200
Explanation:
Both sales and variable cost are dependent on the number of units sold.
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.
As such, the total fixed cost of the corporation not traceable to the individual divisions
= $168,500 + $48,800 - $90,100
= $127,200
Answer:
The process of making this decision By the CLASSICAL MODEL of decision making
Explanation:
The classical general equilibrium model was developed in the 18th century within the neoclassical economics and it is related to classical economics.
The classical general equilibrium model aims to describe the economy by taking an aggregate of the behavior of individuals and firms.
Decision taken using this Method is usually based on what the eyes are seeing. Facts.
From the text, Ola buys new bikinis weekly based on the designs the customers are buying more. He decides on what to buy for the new week by looking at the designs that his customers went for the previous week. This is a clear case of Classical model of Decision making.
Answer:
inelastic PED
Explanation:
Price elasticity of demand (PED) is the proportional change in quantity demanded of a good or service if the price changes by 1%. The PED is calculated by dividing the percentage change in quantity demanded by the negative percentage change in price.
PED = -2% / -10% = 0.2 inelastic
If PED > 1, elastic demand
If PED < 1, inelastic demand
If PED = 1, unitary demand
