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Kitty [74]
3 years ago
7

IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of t

he company. Sweden is a neutral country, so maybe this is the way to go for a global company, but is smart to be too centric to a specific country when you are a global corporation
Business
1 answer:
leonid [27]3 years ago
7 0

Answer:

It can be a smart strategy if the country has a significant amount of soft power (power not on military or economic terms, but on cultural and social terms).

Explanation:

For example, Sweden is a country that enjoys a high level of prestige around the world, because it is a very well developed country, with a very high standard of living, an economic model that many people admire (the Nordic Model), and several cultural exports like Volvo cars, or ABBA, that enjoy popularity around the world.

IKEA, in that sense, is like another Swedish cultural export, and when people go to an IKEA, they go expecting to find something "Swedish", so in this sense, the strategy can clearly pay off because of the soft power that Sweden has.

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A salesperson earns a weekly salary of $600 plus a commission of 1 percent of sales over $2,000. If he earned $650 in a certain
scoundrel [369]

Answer:

$ 7000

Explanation:

Given data;

Weekly salary of the salesperson = $ 600

Commission earned = 1 % on the sales over $ 2000

The amount earned by the salesman in the week = $ 650

Thus, the commission received = $ 650 - $ 600 = $ 50

Now,

let the amount over $ 2000 for which the commission of $ 50 paid be 'x'

therefore,

1 % of x = $ 50

or

0.01x = $ 50

or

x = $ 5000

Hence, the total sales was of $ 2000 + $ 5000 = $ 7000

3 0
4 years ago
A tying arrangement is​ _______.
Phoenix [80]
<span>A tying arrangement is​ illegal under the Clayton Act if it lessens competition or creates monopoly.  The Clayton Act focuses on topics regarding price discrimination, price fixing and unfair business practices. Since a tying arrangement means you are purchasing one product with agreement to purchasing another or you can not purchase the initial product, you are in a tying arrangement.</span>
4 0
3 years ago
For the following scenario, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willi
Sedaia [141]

Answer:

a) consumer

$5

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Willingness to pay is the highest amount a consumer would be willing to pay for a product. The willingness to pay in this question is $30.

The price of the goods is $35 but Alice would pay ($35 - $10) = $25

The consumer surplus is $30 - $25 = $5

Producer surplus is the difference between the price of a product and the lowest price a supplier would be willing to sell his product.

I hope my answer helps you.

6 0
3 years ago
At the beginning of the year, manufacturing overhead for the year was estimated to be $477,590. At the end of the year, actual d
neonofarm [45]

Answer:

At the beginning of the year used in the predetermined overhead rate must have been $16.30 per labor hour

Explanation:

Estimated manufacturing overhead = $477,590

Actual Labor hours = 29,000

Actual Manufacturing overhead = $472,590

Over application of manufacturing overhead = $110

As we know:

Over applied manufacturing overhead = Manufacturing overhead applied - Actual manufacturing overhead

$110 = Manufacturing overhead applied - $472,590

Manufacturing overhead applied = $110 + $472,590

Manufacturing overhead applied = $472,700

Manufacturing overhead applied = Actual Labor Hours x Predetermined overhead rate

$472,700 = 29,000 hours x Predetermined overhead rate

Predetermined overhead rate = $472,700 / 29,000 hours

Predetermined overhead rate = $16.30 per labor hour

7 0
3 years ago
If Chester's current cash balance is $26,337 (000) and Cash Flows From Operations next period are unchanged from this period, wh
JulijaS [17]

Answer:

The correct option is c. Purchases assets at a cost of $25,000,000.

Explanation:

An emergency loan can be described as a loan that can obtained on short notice by a borrower in to cover unexpected costs.

From the options, purchasing assets at a cost of $25,000,000 will leave Chester in a serious liquidity position as the it will take 94.92% [i.e. ($25,000,000 / $26,337,000) * 100] of its current cash balance and leave the company with just $1,337 current cash balance.

Because the next period's Cash Flows From Operations are expected to be the same as this period's, purchasing assets at a cost of $25,000,000 puts Chester at the greatest danger of needing an emergency loan.

Therefore, the correct option is c. Purchases assets at a cost of $25,000,000.

7 0
3 years ago
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