Answer:
CREATES AN ADVANTAGE FROM ECONOMIES OF SCALE.
Explanation:
A well designed global strategy can help firms to gain competitive advantage. This competitive advantage can be gotten from economies of scale from access to more customers, markets, technology, and resources (efficiency of operations).
Economies of scale simply means that as a company grows and production units increase, a company will have a better chance to decrease its costs.
Competitive advantage is developed largely on a global basis meaning that the world is treated as one market and one source of supply with just local variation. Example is the Pepsi and Coca-Cola that sells in every country.
Therefore, a global strategy CREATES AN ADVANTAGE FROM ECONOMIES OF SCALE.
The person is WILLIAMS JAMES.
William James is an American psychologist and philosopher. He was a leader of the psychological movement of functionalism.
One of William James quote says that the path to cheerfulness is to sit cheerfully and to act and speak as if cheerfulness is already there
Answer:
d.
Explanation:
Asymmetric information refers to when one party in a transaction has a substantial more amount of information than the other party. This being the case it can be said that the scenario that would most likely be classified as this is a wireless service that includes unlimited minutes and texting. This is because the buyer is most likely thinking that they are getting a great deal when in fact the seller/provider has access to information that the buyer does not know, which allows them to provide this deal and still make a great profit.
Answer:
<em><u>Self-efficacy.</u></em>
Explanation:
Self-efficacy at work is a personality trait that impacts the attitude employees will take when performing challenges and tasks in an organization.
When the level of self-efficacy is high, employees are self-motivated to commit more and more deeply to their work, setting goals and objectives to achieve complex tasks, which are seen as results of personal effort and overcoming.
Answer:
I agree with the owner of the company
Explanation:
The overall losses are $40,000 per month and the fixed costs are $30,000 per month.
The company should stop production because the losses are over fixed cost and this tells us that the company is not even able to recover the variable costs and because the variable costs are not at least recovered, there would be no point for the company to continue in the business as it would keep on making a loss and the logic might be wrong regarding sunk costs but the decision must be taken in favour where production should be stopped.
