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shutvik [7]
3 years ago
5

Sterling Auto International (Scenario) Sterling Auto International is a successful car manufacturing company headquartered in De

troit, Michigan. Over the past year, the company implemented multiple efforts to expand its overseas operations. At a recent shareholder's meeting, attendees questioned the CEO's motivations for authorizing certain aspects of the expansion efforts. One shareholder wanted clarification about a research effort that investigated the possibility of setting up a plant in China. The CEO explained that serving China's rapidly growing middle class population would enable Sterling to increase the size of its customer base dramatically. In China, the CEO was most likely interested in ________.
Business
1 answer:
arsen [322]3 years ago
8 0

Answer:

The answer is: Market size

Explanation:

China and India are the two countries with the largest populations in the world, around 1,400 million people each. Since China´s population is rapidly growing from rural poor farmers to middle class workers, the market for new products is HUGE. During 2017, 23.56 million cars were sold in continental China compared to 17.24 million cars sold in the US.

The potential buyers for new cars in China is just too big to be ignored by any company in the world. They already represent the largest markets for several European brands including German luxury brands. If Sterling Auto International wants to increase its car sales then China is the place to start selling.

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What are some good outdoor thing to do outside for the summer<br> list as many as can
Yakvenalex [24]

Answer:

biking

swimming

walking

learning something new

being with friends

sports

hiking

going on a trip

making something

3 0
3 years ago
Corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is​ $3.75, variable costs
ANEK [815]
If corny and sweet grows and sells sweet corn at its roadside produce stand. the selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00, the breakeven sales will be $ 1, 125. Breakeven sales are computed by dividing the company's expenses with the margin ratio.
7 0
3 years ago
__________ is a market failure that the government might seek to change through intervention
hammer [34]

Answer: A positive externality, negative externality and asymmetric information

Explanation:

A market failure is one of the type of economical situation in which the  the various types of products and the services are distributions in an inefficient manner.

A positive externality, negative externality and an asymmetric information are the market failure that the government wants to change by the process of intervention

Externality is one of the type of advantage or cost that basically affect the third party in the economics so the free market under consuming the various types of products. Therefore, the given answer is correct.  

5 0
3 years ago
As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev
vagabundo [1.1K]

Answer:

Wide

Explanation:

Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.

The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

3 0
3 years ago
The management team has asked you to reschedule the project so it finishes two weeks earlier without spending more money. They h
Tanya [424]

Answer:

Crash the schedule.

Explanation:

Fast-track can complete the task earlier but takes more money. Assign more experienced people will cost the management more money. Cut scope reduces the project requirement and finishes the task earlier. Therefore, options A B and D can not be the answer.

Crash the schedule (option C) is the answer because it allocates enough resources to complete the task earlier without spending more money.

5 0
3 years ago
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