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SashulF [63]
3 years ago
13

what is a process of interaction and integration among people, businesses, and governments of different cultures?

Business
1 answer:
Lera25 [3.4K]3 years ago
5 0
Globalization is the correct answer
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Differentiation business strategies are often associated with premium prices. There are, however, reasons why a firm would NOT w
Natalija [7]

Answer: e. To drive up market share

Explanation:

Differentiation strategies involve adding features to a good to make it stand out from the Competition. Since these features are usually beneficial, the value of the good goes up and the company selling them can charge more. This is the main way things are done in Monopolistic markets.

However, sometimes it is best to charge the same price the Competition is charging even though you have a better product. This way the company is able to capture Market Share because the consumers will believe they are getting a better value for their money. For instance, if a company was selling Toyotas at $2,000 and it's competitor was selling the same Toyota but with 2 extra tires for the same $2,000 who would you use? The Competitor most likely.

This is why a firm might want to keep prices in line with competitors.

4 0
3 years ago
If mega corp. borrows $9,000 and agrees to pay the lender $10,500 in one year, the annual interest rate on this loan is approxim
kap26 [50]
In simple interest, the interest rate is
i=(10500-9000)/9000=16.67%

In compound interest, compounded monthly,
10500=9000(1+i/12)^12
=>
APR=12(10500/9000)^(1/12)-1
=11.155%
(effective interest is still 16.67%)
5 0
3 years ago
"At that time, the market price of ABC is $44. If the market rises to $58 and the call is exercised (the put expires out the mon
steposvetlana [31]

Answer:

600 loss

Explanation:

The computation of the gain or loss is shown below:

Since on Jan, there is a put option of 45 at $3 and the market rises to $58

So it losses by 13 points i.e

= 45 - 58

= 13

Now the total premium points collected is of 7 i.e

= 4 + 3

= 7

So, the remaining points left is

= 13 - 7

= 6

So for 6 points, the net loss is $600

7 0
3 years ago
Integrated carriers (truck-air) like UPS and Federal Express are able to capture a larger market share because they:
Alik [6]

Options :

A. utilize their own aircraft.

B. have extensive ground networks.

C. have accurate, real-time tracking systems

D. all of the above

Answer:

D

8 0
3 years ago
Read 2 more answers
Consider an internet or e-commerce company that sells exclusively in the US but wants to expand globally. What kind of strategy
AleksandrR [38]

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.

7 0
3 years ago
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