The answer to this question is <span>The people who created and are traveling through the routes. The Hanseatic route was really famous to be passed by the people in Germany, while the Venetian trade route was really famous to be passed by the people in Italy (Especially Italian maritime republics such as Genoa and Venice)</span>
Increasing opportunity costs of producing goods imply that the production possibilities curve will be bowed outward. In a recent Page One Economics: Money and Missed Opportunities, senior economic education specialist Andrea Caceres-Santamaria explains that opportunity cost is the value of the next-best alternative .
when a decision is made; it is what is forfeited. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. A company owner wants to increase the number of production available. The potential worth of that money being spent somewhere else or saved for the future is known as the opportunity cost.
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I think people would have more knowledge in who actually does what. This means people have more credibility and accountability. This would greatly reduce the amount of real reactions from anonymous companies. People need to be held at the actions they have done, and they certainly would be after this openness. The world and business market would be much <span>safer places for all people involved. </span>
Answer:
Culture and Ethical Business Practices
1. Discussion topics:
A. Legal requirements, company policies, and conflicting cultural norms.
2. Response to this information:
B. Clarify the situation, and ask specific questions about the overseas company's cultural and ethical practices. Also, ask what your company policies are regarding intercultural ethics.
3. Suggestion that acknowledge different values and respect the need for moral initiative:
D. Embrace transparency.
Explanation:
There are global cultural differences. The country's value system may be difficult to be globally upheld. It is only transparency that will ensure proper navigation of intercultural ethics. By asking questions and soliciting for clarifications, a good balance can be established in order to overcome ethical challenges in the global marketplace.
