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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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3 years ago
Products is a manufacturer of large flower pots for urban settings. The company has these​ standards:
slega [8]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the standard production costs:</u>

Direct materials= 9.6*4.55= $43.68

Direct labor= 1*15.80= $15.8

Variable manufacturing overhead rate= 3.40*1= $3.4

Predetermined fixed manufacturing overhead rate= 6*1= $6

<u>Finally, the standard cost per unit:</u>

Total unitary cost= 43.68 + 15.8 + 3.4 + 6= $68.88

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3 years ago
The term trompe l'oeil refers to work that
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The term trompe l'oeil refer to work that misleads or deceives someone. 
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4 years ago
Managers who subscribe to ____________ believe that people are naturally lazy and uncooperative and must therefore be either pun
agasfer [191]

Manager who subscribe to Theory X believe that people are naturally lazy and uncooperative and therefore must either be rewarded or punished to be made productive to achieve the target.

Theory X and theory y are two theories of human motivation and management created by Douglas McGregor based on the works of Abraham Maslow and demonstrate opposing models of workforce motivation.  Theory X works on the assumption that the typical worker is unambitious, selfish, uncooperative and avoids responsibility, unintelligent, lazy, and that their main motivation is a steady income.

Managers who employ these assumptions tend to use a reward/punishment system as a motivator and expect increased efficiency with a hands-on approach. Under this type of management, individuals are more likely to directly receive a negative or positive outcome and are considered to be most effective in a workforce with low-performance motivation. A workplace that involves assembly lines or manual labor is ideal for this managerial style.  

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3 0
1 year ago
Suppose that the BMW plant in Spartanburg, South Carolina, USA, produces $10 million worth of vehicles in a given year. Of this
ELEN [110]

Answer:

The answer is B. contributes to U.S. GDP, but not U.S. GNP

Explanation:

Gross Domestic Product (GDP) is the market value of all final goods and services produced within the economy of a country within a period of time.

Gross National Product(GNP) is the market value of all final goods and services produced by a citizen of a country irrespective of whether they are in the country or outside the country within a period of time.

The BMW plant in Spartanburg which produces $10million worth of vehicles is in USA but the company in owned by Germans. Since it is produced within the economy of USA, it will count for USA's GDP but it won't count for USA's GNP because it is not owned by USA citizen rather, it will count for Germany's GNP because it is owned by Germans.

3 0
3 years ago
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