Answer:
Mathematicians and statisticians both work with numbers, and they are required to have the same level of educational for their professions. ... The primary difference between them is that mathematicians may do a lot of theoretical work, while statisticians focus on using data to address business issues
Explanation:
Answer:
Geography & Infrastructure
Explanation:
International marketing
This is simply defined as the efforts or performance of business activities specifically made to plan, promote, and channel the movement or flow of a company's goods and services to consumers or users in more than one nation for a profit.
The process of evaluating the uncontrollable elements in an international marketing program can lead to cultural, political, and economic shock.
Marketing Environment
This is simply said to consists of controllable factors, uncontrollable factors, organizational performance, feedback, and adaptation.
Macroenvironment
This simply consists of controllable factors, uncontrollable factors, organizational performance etc.
Uncontrollable factors
This are known to be external elements influencing or affecting an organizations performance that cannot be fully channelled or directed by that organization and its marketers.
Answer:
The correct options are:
A. Debit to Factory Overhead
D. Credit to Factory Utilities Payable
Explanation:
The debit entry of the use of utilities in a factory would be recorded in factory overhead since cost of utilities is a not a direct factory cost.
However, the corresponding credit would be in the factory utilities payable as an obligation awaiting payment to be made to the supplier of the service being enjoyed by the factory in order to run on daily basis
Answer:
The approximate economic order quantity is 110 units.
Explanation:
A = annual demand = 10,000 units per year
C = unit cost of pot = $1000
S = Ordering cost per order = $150
I = Annual carrying cost (%) = 25% of unit cost
H = Annual carrying cost ($) = 0.25*C
= 0.25*$1000
= $250 per unit per year
Optimal order quantity is obtain from the EOQ formula.
Economic Order Quantity (EOQ) is given as follows:
Q = \sqrt{\frac{2*A*S}{H}}
Q = \sqrt{\frac{2*10,000*150}{250}}
Q = \sqrt{\frac{3000000}{250}}
Q = \sqrt{12000} = 109.545
Q = 110 units per order
Therefore, The approximate economic order quantity is 110 units.
The correct answer to this open question is the following.
The management of Sports Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.
The advantage of considering opening their own production facility in a foreign country is that the firm will have total control of the business and the income and profit will go directly to Sports Shoes Corporation. The disadvantage would be that the company does not know the market if that foreign country, so it could face some obstacles and difficulties in the firsts years.
The other option is entering into a licensing agreement with a foreign firm, knowing that the firm knows the business because it has been established in that country for years so they know the country laws, fiscal regulations, the relationship with local workers, and most importantly, they know the market and their consumers. That would be the advantage.
The disadvantage would be that this learning curve in the new country has its cost, and the association with the firm means that Sports Shoes Corporation must split the revenue and corporate decisions.