By doing this, Dew was able to create a stronger bond with the customer and their brand. They already have brand awareness with their customers but now they are able to engage their customers by allowing them to have a "say" in their products. They are letting them design a product they would like to see on the market and become a part of the brand/company.
Answer:
The correct answers are:
A) The effects of the Internet on the pricing of used cars. (Microeconomics)
B) The effect of government regulation on a monopolist's production decisions
. (Microeconomics)
C) The effects of government tax policy on long-term economic growth. (Macroeconomics)
Explanation:
The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:
A) The effects of the Internet on the pricing of used cars. (Microeconomics)
B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)
C) The effects of government tax policy on long-term economic growth (Macroeconomics)
Answer:
a) Distinguish between the use of Franchising and Joint Venture as modes of entry into other countries by global businesses.
Franchising consists in the licensing of aspects of production and intellectual property to a another party: the franchise.
A Joint Venture is a business union between two or more parties, in which they split profit as well as costs and responsabilities.
b) What are the respective advantages and disadvantages of both strategies?
Franchising can be a quicker way to expand into foreign markets. The flexibility of the method, and the lower capital requirements are the reason why. This can be seen in the success that American fast-food brands have had using this method to expand in global markets.
A Joint-Venture can be more difficult to use for market expansion, however, it can be more profitable, because the profit will not be split among as many parties as in franchising, and more importantly, the firm maintains a higher control of the operation.
401(k) is an employer-provided plan, IRA isn't.
