All categories

4 years ago

General cultural factors driving global business are

Business

1 answer:

I am Lyosha [343]4 years ago

5 0

Answer:

D. global communication and transportation technologies, a global knowledge base, and global social norms.

Explanation:

Global business management process involves identifying, analyzing and planning a business at the international level.

General cultural factors driving global business are global communication and transportation technologies, a global knowledge base, and global social norms.

When starting up a business with the intention to break into the global market successfully, it is important and necessary to ensure the cultural factors driving a business are well managed.

The business should ensure it creates a medium for effective communication by using both the traditional and digital media such as television, radio, billboards, blogs etc. Efficient means of transportation or logistics should be developed for smooth export of their goods and services.

Also, having a well informed knowledge of their niche is key to the success of the business.

Lastly, the business should abide with the global social norms.

You might be interested in

Compare the policy ideas of President Herbert Hoover and President Franklin D. Roosevelt during the Great Depression. How did th

never [62]

Answer:

Besides being quite incompetent, President Hoover was probably out of touch with reality. He argued that people were out of jobs because they were looking for better jobs, like selling apples.

President Roosevelt, who was the complete opposite of his predecessor, believed in the Keynesian theory of government, and increased government spending with the New Deal. His New Deal policy helped the economy rebound from the Great Depression and the start of WWII also helped the US economy. This increase in government spending helped to create new jobs and businesses, plus other social advances (e.g. social security, unemployment benefits, etc.).

If you want to compare both presidents, Hoover would be as dark as a black hole and Roosevelt as bright as the sun.

5 0

3 years ago

Thatcher Corporation's bonds will mature in 12 years. The bonds have a face value of $1,000 and an 11.5% coupon rate, paid semia

jekas [21]

Answer:

IRR = 10.75%

Explanation:

The yield to maturity will be the rate at which the present value of the coupon payment and the maturity equals the market price.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 57.50

time 24

$57.5 \times \frac{1-(1+r)^{-24} }{r} = PV\\$

PVc

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 24.00

PVm

$\frac{1000}{(1 +r)^{24} } = PV$

PV c $765.3158

PV m $284.6842

Total $1,050.0000

rate ?

The only way to solve this equation is with trial and error. Because of technological advance we can do it using excel goal seek.

we write the formula for the PV of an ordinary annuity

and the formula for a lump sum

below them we add them both together

then we define a cell for the rate

and we determinate that we want the cell which contain the sum to match 1,050 changing the rate cell

this will give us an IRR of 0.10749 = 10.75%

5 0

4 years ago

In a firm, if the employees attend a training program, then the time to assemble one unit reduces by 10%. Training program will

fomenos

Answer:

The answer is: C) increase both labor and multifactor productivity

Explanation:

An increase in labor productivity happens when an employee can produce a larger number of units using the same amount of time. Labor productivity is part of the total factor productivity (TFP) or the multifactor productivity (MFP). So when the total labor productivity increases, so will the multifactor productivity.

Usually when one type of productivity increases, e.g. labor productivity, other factors of production will also increase their productivity, e.g. capital productivity will increase also. For example, if the worker is trained better, he will produce 2 more units using the same machinery, so because the labor productivity increased, the capital productivity also increased, i.e. the same machine can now produce two more units. That is why productivity is measured as multifactor productivity (or total factor productivity).

8 0

3 years ago

A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi

Irina-Kira [14]

Answer:

Expected annual volume = 18400 units

For Memphis:

Annual cost for building ,equipment and administration = $42800

Annual labor and material cost =Annual volume x cost per unit = 18400 x $8 = $147200

Annual transportation cost = $50000

So,Total cost = $42800 + $147200 + $ 50000 = $240000

For Biloxi:

Annual cost for building ,equipment and administration = $60000

Annual labor and material cost =Annual volume x cost per unit = 18400 x $4 = $73600

Annual transportation cost = $60000

So,Total cost = $60000 + $73600 + $ 60000 = $193600

For Birmingham:

Annual cost for building ,equipment and administration = $100000

Annual labor and material cost =Annual volume x cost per unit = 18400 x $5 = 92000

Annual transportation cost = $27600

So,Total cost = $100000 + $92000 + $27600 = $219600

Explanation:

4 0

3 years ago

Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finis

mylen [45]

Answer:

Compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.

Explanation:

If the tables are sold now, they would cost $305000. If an additional $315000 is spent to refinish the table, the table would the be sold for $605000, that means there would be an additional revenue of $300000 ($605000 - $305000). The company are already operating at a loss as a result of improperly finishing the table. In deciding whether to rework the tables or sell them, the company should compare the $315,000 cost to refinish the tables with the incremental revenue of $300,000 if the tables are refinished.

6 0

4 years ago