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3 years ago

In the context of doing business in Asia, what is meant by the phrase "the contract is in the relationship, not on the paper"?

Business

2 answers:

Montano1993 [528]3 years ago

4 0

Available Options are:

a. Asian contracts are not legally binding for MNCs

b. Contacts are ceremoniously destroyed after they are written.

c. Managers risk being offensive to Asians by requiring contracts.

d. Managers should nurture the relationship to ensure the reliability of the contract.

Answer:

Option D Managers should nurture the relationship to ensure the reliability of the contract.

Explanation:

The reason is that better relationships with the suppliers and the customers make it able for the firm to attain the advantages of its business relations with its stakeholders. The better relation brings stakeholder satisfaction and if greater are the stakeholder relationship the greater is the long term value generated.

Nina [5.8K]3 years ago

3 0

Answer:

The correct answer is letter "D": Managers should nurture the relationship to ensure the reliability of the contract.

Explanation:

The phrase:

"The contract is in the relationship, not on the paper";

while doing business implies that the obligation between the parties does not rely only on what is stated on the contract but in keeping a good relationship. This implies being flexible with what the contract might establish without affecting the other party's interest to keep doing business between them.

In such a way, firms rely on legal and fiduciary relationships.

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3 years ago

Through a process called _______, marketers collect and evaluate information about the marketing environment.

OverLord2011 [107]

Answer:

Through a process called environmental scanning marketers collect and evaluate information about the marketing environment.

What is environmental scanning?

Environmental scanning is the process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.

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3 years ago

Will Jones, LLP is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $50

tino4ka555 [31]

Answer:$3,500, $4, 500 $5,500=$13,500

Explanation:

A) Given that annual fee is $500 and %tax return=10%

we have that

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we have Annual fees=$500.00

Variable fees (300 x 10)=3,000.00

Costof return= $ 3,500.00

Mega Tax software when 400 returns are filed

we have Annual fees= $500.00

Variable fees (400 x 10)= 4,000.00

Cost of return= $4,500.00

Mega Tax software when 500 returns are filed

we have our Annual fees=$500

Variable fees (500 x 10)= 5,000.00

Cost of return=$5,500.00

Total cost of return for Mega Tax software = 3,500+4500+5,500=$13,500

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3 years ago

Based on the case, you might describe the generic strategy of Allegiant Airlines as:__________.

Dmitry [639]

Answer:

Based on the case, you might describe the generic strategy of Allegiant Airlines as:__________.

Cost Focus.

Explanation:

Allegiant Airlines, in its strategy, does not try to provide cost leadership to the airline industry. But it offers low prices for passenger tickets for its specific routes. This implies that the low cost that it offers is focused on a narrow niche market because this niche will provide it with competitive advantage in the industry. Allegiant Airlines also employs some competitive pricing schemes, which have made it difficult for new and upcoming businesses to enter their niche market. Allegiant also sells flights from other airlines on its site. This tactical move increases customers' awareness of its dominance as a low fare service.

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3 years ago

Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the nec

liberstina [14]

Answer:

(A)

The total relevant cost would be: 495,000

Buy 15,000 x 35 = 525,000

It would be better to keep producing.

(B) relevant cost 495,000

Buy 525,000 - 150,000 = 375,000

In this scenario is better to buy the procuct, as this alternative will come with the 525,000 cost but 150,000 contribution margin in the new product

Explanation:

The relevant cost would be:

Direct Materials 14

Direct labor 10

Variable Overhead 3

traceable fixed overhead 6

Total 33

15,000 x 33 = 495,000

The depreciation is a sunk cost, already incurred when the machine was purchased. Is not relevant to decide wether to produce or buy

The potencial new product would be opportunity cost:

It should be considered as a decrease in the cost of buy the product

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3 years ago