The question that is driving global business is, "What determines the success and failure of firms around the globe?" Before entering a market abroad, most companies need to make sure they have an understanding of why businesses fail and why they succeed. It's hard, typically, to move into an international market and it requires a lot of money, time, and hard work.
Answer: 94 DAYS
Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.
formula = number of days of inventory + number of days in accounts receivable
therefore,
operating cycle = 61 days + 33 days = 94 days
<span>Project risk events tend to be unlikely early in a project, but that's also when they tend to be the most costly. This is because they are harder to predict. Unpredictable costs end up being the most costly as they are unmitigated.</span>
The above situation is an example of shoe leather cost of inflation.
A shoe-leather cost is what people pay when they frequently visit the bank to withdraw cash to use to pay for products in the wake of intense inflationary pressure. The term "shoe-leather cost" symbolizes all costs, including time spent, bank fees, brokerage fees and transportation costs.
High inflation discourages people from keeping large sums of cash on hand because the value of money rapidly depreciates during this time. More money is kept in banks by them. Additionally, repeated price increases force people to constantly withdraw money for transactional needs. Due to this, they frequently visit their bank to withdraw cash in order to pay for goods and services. These frequent journeys degrade their shoe leather, resulting in a 'shoe-leather cost.'
To read about hyperinflation see:
brainly.com/question/1297747
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