<span>This is the principal-agent problem. This occurs when an individual is able to make decisions or choices that impact others at the company or in fact the company as a whole.</span>
Answer:
Procedure that is used in order to produce the desired quantity of products being produced.
Explanation:
Based on the information being described in this scenario it can be said that the HR specialist will have Craig define the Procedure that is used in order to produce the desired quantity of products being produced. Without this information the HR specialist can not help him conduct a work flow analysis because he does not have the information required to know what the employees should be doing and how the current company is working.
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Answer: C. Favorable endorsements from customers' peers
Explanation: Fine and funky's objective to build trust and loyalty among its target group (women aged 35-55 years) will only be achieved within it's target group. Hence, getting a favourable endorsement from her customers' peers will help her achieve this.
Answer:
Effect : Increase in Break Even units by 3,750 units to 18,750 units
Explanation:
Break even point is the level of activity at which a firm makes neither a profit nor a loss
Break even Point (Units) = Fixed Costs ÷ Contribution per unit
where,
Contribution per unit = Selling price per unit - Variable Costs per unit
= $12 - $8
= $4
Therefore,
<u>Before Increase</u>
Break even Point (Units) = $60,000 ÷ $4 = 15,000
<u>After Increase</u>
New Contribution = $12 - ($8× 1.10)
= $3.20
Therefore,
Break even Point (Units) = $60,000 ÷ $3.20 = 18,750
Answer:
When a firm decides to situate its operations outside of its original geographic boundaries, it is said to have internationalized its operations.
It is right to acquiesce to the position that Internationalization can become a critical growth strategy for a high-tech venture.
Explanation:
Every country/economy in the world operates at different levels of efficiency with various degrees of economic advantages and disadvantages to the businesses. The one singular factor that validates this statement is the Cost of Doing Business.
For example,
by virtue of China's huge population and economic strategies, its low cost of production (which was mainly due to cheap labour) became a great incentive to many tech companies all over the world especially IT.
By relocating production operations to China, many companies got the same quality for far less than they would have if they retained such operations in their home country.
One example of this is Apple. Apple currently has an operation in China which manufactures its iPhones with a production plant that is 230,000 staff strong.
Foxconn which is the name of the manufacturing partner which China uses boasts of the ability to produce half a million iPhones in a day.
On the 30th of July, 2020, USD 59.7 billion was posted by Apply as its earning. This is an 11% growth over its quarterly performance from a year ago of which 60% is accounted for by sales from international economies.
The above facts speak to the relevance/advantages of internationalisation.
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