Answer:
International business is the correct answer.
Explanation:
- International business includes all economic activities that take place for the movement of resources, services, goods, people, thoughts, and technologies across national borders.
- International business is important because International exchange makes the business more successful and to increase the market of its country.
- The benefits of international business are: It Increase the Organization's reputation and expand the Company Markets.
Answer:
Transformational Leadership
Explanation:
Transformational leadership is a form or theory of leadership whereby the leader encourages employees or workers implement changes, whilst inspiring and motivating them to be innovative. A transformational leader is concerned with helping employees advance to higher levels of morale, confidence and motivation. They motivate employees to work for the good of the organization while also hitting on the aspects on the need for self growth.
Answer:
a. Calculate the price elasticity of supply for Aji's Chocolate Factory in February
b. Calculate the price elasticity of supply for Aji's Chocolate Factory in March
c. If Aji's Factory is nearly at full capacity of production in March, what will happen to Aji's Factory price elasticity of supply in April?
- If the company is producing at full capacity, then its price elasticity of supply will be perfectly inelastic even if the price increases. This is because any increase in price will not affect the quantity supplied because the company cannot increase it even if they wanted to.
Explanation:
price elasticity of supply = % change in quantity supplied / % change in price
It measures the proportional change in the quantity supplied that producers will make given a 1% change in the price of their product.
PES February = [(110 - 80)/80] / [(2.5 - 2)/2] = 0.375 / 0.25 = 1.5
PES March = [(140 - 110)/110] / [(3 - 2.5)/2.5] = 0.273 / 0.2 = 1.36
Answer:
The correct answer here to the first fill in the blank is Increase and for the second one it is Upward and for the third one it is Rightwards.
Explanation:
If there is any change in the interest rate or tax treatment , there will be an impact on the capital utilization , which will then help in determining the positions of the LRAS (long run aggregate supply curve ) curve. So if there is an decrease in the interest rate , then it will cause increase in the capital utilization, which will then shift the production to upwards and there by shift the LRAS curve rightwards. LRAS curve shifts to rightwards when in the long run , increase in investment ( which is due to lower interest rate ) causes the economy's capacity to produce, as the production cost is reduced.
