Answer:
The price of ice-cream should be reduced.
Explanation:
As the price elasticity of demand is 1.8,which is given as
Price/Demand=1.8
As the values is greater than 1 this indicates that the price of the ice-cream is more than the demand of the ice-cream.
This indicates that the price is more so the price of ice-cream should be reduced.
Answer:
The methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Explanation:
In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.
So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.
Therefore,the methods for conducting global business which petnro has used in the given scenario is :
C) The formation of wholly owned affiliates
Role of global marketing in international business:
A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.
Another benefit is that the customer awareness increases.
Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.
For example: Gucci delivers all its products globally in different countries.
As for example the company here mentioned is also developing its global strategy.
Answer:
Depreciation of the manufacturing plant.
Explanation:
Depreciation is a fixed cost. The depreciation cost of an asset is an annual expense. Usually, it is the same amount throughout the useful life of the asset.
In considering the particular order, the depreciation cost of the plant should not be a factor. Whether the order is accepted or not, the depreciation cost of the plant will still be the same.
Administrative controls formalize standards, rules, procedures, and control disciplines to ensure that the organization's general and application controls are properly executed and enforced.
Administrative controls are the controls which are a type of hazard control. They are used in order to improve safety within the workplace by putting policies and rules in place which reduces the occupational risk faced by workers by altering the way in which their work is performed.
Administrative controls include implementation of policies, rules, and schedules which support safety as well as the setting of safe operating procedures and standards.
It includes different training criteria, housekeeping duties, and maintenance practices in order to reduce exposure to different hazardous substances and dangerous tasks.
To know more about administrative controls here:
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Answer:
Economic profit= $214,000
Explanation:
Giving the following information:
Business:
Units= 28,000 a month
Hours= 224 hours
Total cost= 150,000 a month
Selling price per unit= $15
Other work:
Income= $250 an hour
E<u>conomic profit includes the opportunity cost.</u>
Economic profit= 28,000*15 - 150,000 - 250*224
Economic profit= $214,000
