Companies racing against rivals for global market leadership often form strategic alliances in order to get into the critical country markets quicker than competition. When a company partners with another country or "wins" getting access into another country, they are able to get their product dispersed and have a larger audience. Companies are always competing against their rivals for market share in their current market economy and abroad.
Answer:
Total asset turnover = 1.375
Explanation:
In this question we use the DuPont analysis which is presented below:
Return On Assets = Net Profit Margin × Total asset turnover
0.11 = 0.08 × total assets turnover
So, the total assets turnover would be
= 0.11 ÷ 0.08
= 1.375
Simply we find out the asset turnover by applying the return on assets formula that is displayed above
Answer:Price elasticity of demand = -0.05
Explanation:
Price elasticity of demand using the midpoint method= 
where Q =Quantity demanded
P = Price
Price elasticity of demand = (
= 
0.025/ -0.05 = -0.05
Price elasticity of demand = -0.05
The Price elasticity of demand tells us how much quantity demanded changes in response to a change in price. Here the Demand for a good is inelastic because the PED coefficient is less than one -0.05
Answer:
Unitary prime cost= $170.24
Explanation:
Giving the following information:
Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.
Direct labor= $880,000.
Manufacturing overhead equaled $495,000
The company manufactured 8,400 television sets during the month.
Unitary prime cost= (direct material + direct labor)/number of units
Unitary prime cost= (550000 + 880000)/8400= $170.24
