Answer:
A Recession happened.
Explanation:
When the market sees a recession we see an increase in the unemployment rate due to cyclical unemployment whenever there in a business cycle even though the labor force was constant but in a recession companies face a lot of costs which become higher than their revenue so for example when there is a recession the cost of producing 1 more unit is actually higher than the revenue a firm gets from producing that 1 unit because marginal cost increases at a decreasing rate so they have to lay off people at a firm on that unit of production to maximize revenues.
<u>Answer:</u>
<em>Thick fish steaks are also known as </em><em><u>fillets
</u></em>
<em></em>
<u>Explanation:</u>
Filets do not contain any bits of the more prominent bones, yet a few species have littler, intramuscular bones (called pins) inside the tissue.
A fish filet, from the French word filet, which means a string or strip, is the substance of a fish that has been removed or cut from the bone by cutting the long way along one side of the fish parallel to the spine. In anticipation of filleting, any scales on the fish ought to be expelled.
Answer:
<u>Explanation</u>:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
Answer:
(a) Strategy recommended for initial expansion
Target Markets
Market Entry
(b) Factors to consider when pursuing the expansion strategy
Brand Recognition
Cultural Understanding
Explanation:
There are two parts of this question. Therefore, they are written in details below as points (a) and (b)
<u>(a) Strategy recommended for initial expansion</u>
<u>Target Markets</u>
In order to proceed with any idea/plan at a strategic level, one must consider doing their homework. This means to understand the international customers, what do they buy, at what price is the goods preferred, which methods of shopping best suits them and so on.
<u>Market Entry</u>
Planning on how to enter the market is an important strategy in the plan for initial expansion. This could be achieved by acquiring another business and/or selling unique product/service.
(b) Factors to consider when pursuing the expansion strategy
<u>Brand Recognition</u>
One must question whether your brand is recognized in the market or not and at what level is it recognized. Awareness of brand existence have increased significantly with the help of social media. However, the same could be said about the number of brands available in the market for a single good/service. Therefore, research must be conducted before expanding into new territories.
<u>Cultural Understanding</u>
Culture is different in each country and based on which different market strategies needs to be implemented for each country. Let's say you approach a country where language of the country is not known to your existing employees. Therefore, you may need to train them first before working in the country and this could amount to a significant cost. It's best to start expansion in those countries where you have better cultural understanding.
<span>The unique things that would separate me from other applicants applying for this job are the ff: (1) i do not care of the compensation but more on the learning i can gather at the end of the day; (2) it has always been my passion to the job; and (3) i want to share my skills and talents to the company as well.</span>
