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svlad2 [7]
3 years ago
8

Tommy Baker is an account representative from the United States for an automotive parts supplier and is meeting with a client te

am in Japan. This is Tommy's first trip to Japan, and unfortunately, he wasn't able to review any information about "doing business in Japan" before he left the States. His first meeting with representatives from the prospective client's firm is a dinner, and he is immediately surprised at the formality of the event. All of his counterparts are dressed very formally, and no one is addressing him by his first name but is referring to him as Mr. Baker. In addition, the members of the client team seem to be waiting on their supervisor to make the first move, and Tommy is beginning to realize that age and seniority are very important to the team members. Tommy is
growing a little concerned that he may not be successful in business since he feels like a fish out of water. Which environmental force has the sales representative encountered?
A. Sociocultural
B. Economic
C. Technological
D. Competitive
Business
1 answer:
Viktor [21]3 years ago
3 0

Answer:

A .Sociocultural

Explanation:

Social culture represents lifestyles, values, and customs that define a society. Its aspects include education, language, religion, values, aesthetics, and attitudes.

Sociocultural factors dictate the roles and status of individual, groups, and families in society. The sales representative is not familiar with the Japanese way of doing business. He has encountered Japanese sociocultural practices that are making him feel uneasy.

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Which of the following refers to documents that specify the conditions under which an exchange is to occur and detail the rights
madreJ [45]

Answer:

contracts                      

Explanation:

A contract is essentially an arrangement among two parties which creates a legal duty for both sides to carry out specific events. Each group is required by law to perform the job indicated, such as making the payment or transporting goods.

A contract might be used for different transactions, like selling land or commodities, or providing services. These may be either verbal or published, although the judiciary prefer to put in print the arrangements.

It is best to think about contract statements in a sequence. The full contract development starts with talks and may experience many changes before achieving a final deal.

5 0
3 years ago
Superior Construction Co. was contracted to plaster all the buildings of a historical preservation project for $2,500,000 over t
Cerrena [4.2K]

Answer:

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

Explanation:

given data

historical preservation project = $2,500,000

time = 2 year

estimated costs = $2,000,000

Actual costs Years 1 = $800,000

Actual costs Years 2 = $900,000

to find out

what amount of gross profit would Superior report in Year 1

solution

we find here first Percentage Completion that is express as

Percentage Completion = Cost to date ÷  Estimated Total Cost  .............1

put her value we get

Percentage Completion = \frac{800000}{2000000}

Percentage Completion  = 40%

and

Revenue Recognized will be here

Revenue Recognized = Percentage Completion  × Total estimated Revenue   ...............2

Revenue Recognized = 40 % × 25000000

Revenue Recognized = 1000,0000

so here Gross Profit in Year 1  will be  

Gross Profit in Year 1 = Revenue Recognized - Cost to date of year 1   ..............3

Gross Profit in Year 1 =   1000,0000 - v800000

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

3 0
3 years ago
one business attracts another business of similar type and together they may make more money than they would have singularly. th
Alexus [3.1K]

This is an example of competition principle of value.

The required details about business principle of value is mentioned in below paragraph.

The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. Businesses that operate for profit do so in order to make a profit, while those that operate for good will do so.

Competition's guiding principle: According to the competition principle, excessive profits in any industry will result in excessive competition, which will then obliterate profits. Think about a business that debuts in a secure neighborhood.

What benefit does rivalry have?

The cornerstone of a robust American economy is healthy market competition. Fundamental economic theory shows that when businesses compete for customers, it results in cheaper prices, better goods and services, more variety, and more innovation.

Thus, competition is the correct answer.

To learn about principle of value visit here

brainly.com/question/28027148

#SPJ4

8 0
1 year ago
Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h
artcher [175]

Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

In this scenario, Alyssa in order to protect herself from the effect of the inflation, she sends employee to bank for depositing the money into the bank four times a day. Therefore, it is an example of Shoe leather cost

7 0
3 years ago
In the papyrus corporation, cash receipts from customers were $136,000, cash payments for operating expenses were $102,000, and
sleet_krkn [62]
Cash receipts from customers = $136,000
cash payment for operating expenses = $102,000
tax paid  = 1 / 3
Amount on which tax paid = $9,300
amount of tax paid = $9,300 / 3 = $3,100
net cash provides by operating activities = ?
Net cash = cash from customers - cash payment for operating expense -  amount of tax paid
= $136,000 - $102,000 - $3,100
= $30,900
so the net cash provided by operating activities is $30,900
4 0
3 years ago
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