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3 years ago

Match each of the global business practices with an example of its use.

1 answer:

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a. offshoring-------a brazilian clothing company opens a factory in indonesia to take advantage of lower labor costs.

Offshoring, the act of outsourcing tasks abroad, for the most part by organizations from industrialized nations to less-created nations, with the aim of diminishing the cost of working together. Boss among the particular explanations behind finding tasks outside an organization's nation of origin are bring down work costs, more tolerant ecological controls, less stringent work directions, ideal duty conditions, and vicinity to crude materials.

b. outsourcing------a u.s. clothing company buys shirts and pants from a clothing manufacturer in turkey.

Outsourcing is the business practice with regards to hiring a party outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own representatives and staff. Normally done as a cost-cutting measure, it can influence employments going from client support to assembling to the back office.

c. insourcing-------a mexican clothing company opens a textile mill in the united states where it sells most of its products.

Insourcing is the initiation of playing out a business work that could be contracted out internally: either with the assistance of an outsider supplier who plays out the undertaking nearby, or by leading said errand independently. Very frequently it is viewed as inverse of outsourcing. Insourcing is a business choice that is frequently made to keep up control of basic creation or abilities. Insourcing is broadly utilized underway to lessen expenses of duties, work and transportation.

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In a competitive market equilibrium, the allocation of the social surplus is such that ____________.

Leto [7]

In competitive market equilibrium, the allocation of the social surplus is such that no individual can be made better off without making someone else worse off.

The phrase "competition equilibrium" refers to an equilibrium condition when the firm's goal of maximising profits and the customers' goal of maximising utility both aspire to reach an equilibrium price as a result of freely determined prices.

According to the theory of competitive equilibrium, the firm's supply of the product is equal to the market's demand for that same amount of the product. It is a circumstance in which neither the buyer nor the seller can strengthen their bargaining position with regard to the goods being sold.

Learn more about competitive market here brainly.com/question/13961518

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1 year ago

The deadweight loss caused by a profit-maximizing monopoly amounts to:_________

Semmy [17]

Answer: $225

Explanation:

Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.

The deadweight loss will be calculated as:

= 1/2 base × height

= 1/2 × 15 × 30

= $225

4 0

3 years ago

A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department.

atroni [7]

Answer:

a. Break-even quantity: 28,000 pens

b. Price: $1.51 per pen

Explanation:

1. Break-even quantity

a) Revenue, R(x)

The monthly revenue is the product of the price by the number of units sold in the month.

Naming x the number of pens sold in the month:

R(x) = $1 × x = x

b) Cost, C(x)

The monthly cost is the sum of the fixed cost per month plus the variable costs:

C(x) = $21,000 + 0.25 × x = 21,000 + 0.25x

c) Break-even

Break-even is the point when the revenue and the total costs are equal, this is, when the profit is zero. Write the equation and solve:

x = 21,000 + 0.25x

x - 0.25x = 21,000

0.75x = 21,000

x = 21,000 / 0.75

x = 28,000

Hence, the break-even quantity is 28,000 pens.

2. Price pens must be sold to obtain a monthly profit of $18,000

Profit = Revenue - Total cost

P(x) = R(x) - C(x)

P(x) = x.p - [ 0.25x + 21,000]

Where p is the price.

P(x) = x.p - 0.25x - 21,000

Substitute the quantity demanded, x, with 31,000, and the profit, P(x) with 18,000:

18,000 = 31,000p - 0.25(31,000) - 21,000

Solve for p and compute:

31,000p = 18,000 + 7,750 + 21,000

31,000 p = 46,750

p = 1.51

That is $1.51 per pen.

4 0

3 years ago

________ are combating competitive pressures by providing better value with private-label merchandise; adding new value-added se

Evgesh-ka [11]

Answer: Conventional supermarket

Explanation:

Conventional supermarket is a departmentalized food store that has a wide range of food and related products and the sale of general merchandise is limited.

Conventional supermarket started about 75 years ago. The aim of establishing a conventional supermarket is that large-scale operations would lead to higher volume of sales, and low prices.

7 0

3 years ago

A winning strategy is one that results in a company becoming the dominant industry leader. fits the company's internal and exter

Anastasy [175]

Answer:

The options are not properly aligned.Find the same question with proper alignment in the attached.

A winning strategy fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance.

Explanation:

For a strategy to be tagged a winning one,it must carefully take into the consideration the internal and external environments that the business operates in,such that internal strengths and weaknesses can be discovered as well as external opportunities and threats.

In addition, it must also consider the capabilities ans skills peculiar to the business that are difficult to imitate by others, in essence competitive advantage.

Above all, the strategy must positively impact the bottom-line,in that the business records positive strong performances period after period.

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3 years ago