The above situation is an example of shoe leather cost of inflation.
A shoe-leather cost is what people pay when they frequently visit the bank to withdraw cash to use to pay for products in the wake of intense inflationary pressure. The term "shoe-leather cost" symbolizes all costs, including time spent, bank fees, brokerage fees and transportation costs.
High inflation discourages people from keeping large sums of cash on hand because the value of money rapidly depreciates during this time. More money is kept in banks by them. Additionally, repeated price increases force people to constantly withdraw money for transactional needs. Due to this, they frequently visit their bank to withdraw cash in order to pay for goods and services. These frequent journeys degrade their shoe leather, resulting in a 'shoe-leather cost.'
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Answer:
The answer is option (A) The transformation of an idea into a new product or process.
Explanation:
An invention can be described as the procedure which an idea is transformed into a process or new product. An invention can also be the recombination and modification of an existing product or process
The first step in inventing a product is to have an idea of what the product is and the problems that it would solve. Subsequent steps include patenting the Invention and making the invention a reality.
With reference to Hofstede's framework, the USA is one of the most individualistic countries. Thus, he adopts Hofstede's framework plan in order to better motivate employees in the US.
<h3>Description of
Hofstede's framework</h3>
As the business world becomes more global, employees will likely face someone from another country at some point in their careers, companies will negotiate with companies from other countries, and even employees of domestic companies will likely encounter someone from another country.
Furthermore, trends suggest that immigration, the movement of individuals from their home country to other countries, will still grow worldwide, a process that may contribute to creating companies’ Hofstede's framework increasingly diverse. Additionally, many multinational companies depend upon expatriates to run their local operations.
Hofstede's framework is a foreign employee who moves to and works in another country for an extended period of their time. All of those trends mean that in your career you're likely to encounter someone from a special culture in which the potential for cross-cultural tensions is high.
It's therefore important for any international management student to grasp culture to raise steel oneself for handling such tensions.
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<span> Dave Jones is a missionary salesperson. The missionary salesperson provides information to an individual who will influence the purchase decision and this is exactly what Dave is doing: he educates the customers and build goodwill for the firm and by doing so he influences the purchase decision. </span>
Answer:
standing plans
Explanation:
Standing plans -
It refers to the programs , process or policies m which enables the project or business function to run smoothly , is referred to as standing plans .
The standing plans are initially made and then are modified according to the scenario and needs .
Hence , from the given information of the question ,
The correct term is standing plans .
