Answer:
Check the following analysis
Explanation:
The order of complexity would be as below –
- Cultural Factors
- Political
- Economic
Clarification – In international logistics the most complex challenge is that of cultural factors as it is difficult to follow standard practices throughout because standard practices influence business practices. Things that are looked down upon in one culture are preferred in another culture. This makes things really complex.
The next factor is political. There is some amount of unpredictability involved in this factor. A rapid change in the political scenario can change the business dynamics and affect the whole ecosystem.
I quite agree that managers are unable to make perfectly rational decisions because when making decisions, they typically have incomplete information and can't predict the outcome of their decisions.
- According to Herbert Simon, decisions are made at every level in the organization, and that the decisions affect the output and the prices of goods in the market.
- He further stated that for an individual to make a decision, he must choose between the different alternatives that he has.
- He further questioned the ability of managers to make rational decisions that are considered perfect as he stated that when a manager makes a decision, there are different alternatives that the manager could have chosen from and that the manager may not know if the other alternatives would have been better off.
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Answer:
In the evolution of marketing, the marketing concept era emphasized selling and advertising in an effort to persuade consumers to buy existing products.
False
Explanation:
Reasons why it is false in the evolution of marketing in modern era is to sell and advertise. There are numerous ways to add to sales and advertisement, in order to sell existing products or goods it is expedient to package, re-package, brand, re-brand before placing such goods for advertisement because these would change the face of goods to be sold. hence; increase sales
Answer:
Profits: $297,000
Explanation:
Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.
Profits arise when revenues exceed expenses.
For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.
Profit = revenue - expenses
=$895,000 -$598,000
=$297,000
