Answer: Geocentric managers
Explanation: Geocentric managers are the managers that accept the fact that every country have different culture and environment which can affect the business overall. Therefore, these managers use different techniques and procedures for different economies.
These are usually the managers of multinational corporations operating globally. These managers usually do not lack resources and can use the latest and best techniques for their operations.
Answer:
Oligopoly.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
1. Mutual interdependence between the firms.
2. Market control by many small firms.
3. Difficult entry to new firms.
According to the concentration ratio, when a small number of companies control more than 40 percent of a market, it is called an oligopoly.
<span>According
to Sheryl Connelly, It takes three years to bring a new vehicle to market,
requiring the company to anticipate customers' needs. this is one of the
reasons for the high failure rate of innovation, known as: Positioning Strategy,
where it helps establish your product's or service's identity
within the eyes of the purchaser/customer.</span>
The rule of 70 states that the doubling time or the time
required to double an investment is equivalent to 70 divided by the interest
rate. So in this case the interest rate is 7%, so the doubling period is:
doubling period = 70 / 7 = 10 years
Therefore the investment doubles every 10 years. So:
0 year = $100
10 year = $200
20 year = $400
30 year = $800
40 year = $1600
50 year = $3200
Answer:
<span>$3200</span>
Answer:
Arthur's fixed costs are $952
Explanation:
The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:
Break-even point in units = Fixed costs/(Selling price per unit-Variable cost per unit)
Fixed costs = Break-even point in units x (Selling price per unit-Variable cost per unit)
In Arthur, Break-even point in units = $1,460/$23
Fixed costs = $1,460/$23 x ($23 - $8) = $952