Answer:
Yes, I agree.
Find explanation below.
Explanation:
The external environment of a business simply refers to the factors found outside the business which can have a profound effect on it. There are basically two types of external environments, namely;
1. The directly interactive which has a direct impact on the business. Examples include, business owners, the customers, contractors, and competitors.
2. Indirectly interactive whose impact on the business is not immediate. Examples include, the political , socio-cultural, economic influences among others.
Practical Examples:
1. Customers play a crucial role to the running of businesses. Managers must take care to listen to the concerns of the customers and attend to their needs urgently. For example, if a customer complains about his dissatisfaction with a style of service, managers should endeavor to address the concern to avoid losing the customer.
2.Political: Government rules and regulations have an impact on businesses because, not adhering to them could lead to sanctions and even closure of the business. Managers must ensure that they heed to and comply with governmental instructions, such as tax payment.
Answer:
education and expertise
Explanation:
Based on the scenario being described within the question it can be said that this is an example of education and expertise. By learning a skill or trade and gaining experience by continuously practicing and improving those skills anyone can sell those skills to other individual's or company's that require those skills but do not possess them. Such as the individuals in this scenario did.
Answer:
Option D. Shut down because staying open would be more expensive.
Explanation:
The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.
Answer:
This would be the loss on paper only.
Explanation:
Given investment trading securities = $143000
During the current year, the loss experienced on investment = $7300
The tax rate = 33%
However, this loss that is reported as the part of other comprehensive income would be the loss on paper only because the actual loss can be seen when the stock is sold but this unrealized loss is on paper only so there will no effect of this loss in comprehensive income.
<u>Franchisers are firms that have their product created, designed, financed, and initially produced in the home country but rely heavily on foreign personnel for further production, marketing, and human resources</u>-This Statement is True
Explanation:
<u> A franchiser is a type of organizational structure where a product is created, designed, financed, and initially produced in the home country, but for the product specific reasons like cost or product perishiability it relies heavily on foreign personnel for further production, marketing, and human resources</u>
<u>Some example of the companies that follow this concept are McDonald's,Coca-Cola.</u>
