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3 years ago

Discuss five ways negotiators can get along in order for their cultural background not to affect their bargaining process?

Business

1 answer:

MArishka [77]3 years ago

3 0

Answer:

The following five ways of overcoming intercultural barriers will help you make the most of your cross-cultural business negotiations.

1. Research the other party's culture. ...

2. Consider the individual. ...

3. Build bridges across cultures. ...

4. Consider the broader context. ...

5. Take steps to reduce stress.

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The annual demand of product Y is 1908 units. The ordering cost is $45 per order. Holding cost is $15 per unit per year. Calcula

Flauer [41]

Answer:

Option E

The annual ordering cost is more than $1150

Explanation:

The ordering costs include all the clerical, administrative and transportation costs associated with placing an order.

Annual ordering cos = ordering cost per order × number of order

No of order = Annual demand/order quantity

= 1908/67= 28.47 orders

Annual ordering cost = 28.47× 45= $1281.49

Annual ordering cost =$1281.49

The annual ordering cost is more than $1150

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3 years ago

Executives at Whole Foods Markets believe that their competitive advantage depends upon

serg [7]

High-End Experience

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3 years ago

In the short run, if P > ATC, a perfectly competitive firm:A. produces output and incurs an economic loss.B. produces output

denpristay [2]

Answer:

D. produces output and earns an economic profit.

Explanation:

The firm will produce as making the product will pay the cost of the units produced with the current market price of the final good.

As the price is above the average total cost the firm will also earn an economic profit (that is after the accounting profit of explicit cost we subtract the opportunity cost with are implicit in any business and even there, the company manages to get a profit.

3 0

3 years ago

Charles Henri is considering investing $36,000 in a project that is expected to provide him with cash inflows of $12,000 in each

Yuki888 [10]

Answer:

At a discount rate of zero percent this investment has a net present value of 6000, but at the relevant discount rate of 17 percent the project's net present value is -5739.

Explanation:

See document attached. To get the net present value, we make a cash-flow in excel.

At moment the investment is =$-36,000

Moment 1 and 2 = $12,000 /moment 3 =$18000

We calculate the Net cash flow (that is the difference between benefits and cost).

To get net present value, we use VNA formula.

=VNA(required rate of return; Net cash flow from moment 0 to moment 3 )+Net cash flow at moment 0

Situation 1

Interest rate 0%

Net Present Value (NPV) 6000

Situation 2

Interest rate 17%

Net Present Value (NPV) -5739

Download xlsx

8 0

3 years ago

What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont

Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

$P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}$

$P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}$

The probability of losing would be:

P(loss) = 1 - P(win)

$P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}$

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

$= 9,999,999 X \frac{1}{15,890,700} + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37$

Thus, we expect to lose $0.37 per lottery ticket

7 0

3 years ago