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3 years ago

How does understanding culture important in business?

1 answer:

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Hopes this helps:

Answer:

The significance of Culture. Understanding a county’s culture is a sign of respect. It also helps to foster effective communication, a vital factor in business success. Values and attributes such as frugality, trust and endurance may viewed differently in other countries.

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Sandy's sandwich sitdownsandy's sandwich sitdown priced its lunch treatslunch treats at $2.002.00, they sold 250250 per week.

Murrr4er [49]

To calculate the absolute price elasticity in this case, the expression is the quantity demanded change divided by the change in the price, both expressed as percentages. For the sandwiches, the demand dropped by (50/250), or 20% (0.20), while the price increased by (1.00/2.00), or 50% (0.50). The expression, then, would be (0.20/0.50), or a price elasticity of demand of 0.40.

7 0

3 years ago

Consider an economy that produces only DVDs and DVD players. Last year, 10th DVDs were sold at $20 each and 5 DVD players were s

trapecia [35]

Real GDP this year using last year as the base year is

B) $700

Explanation:

Last year, 10th DVDs were sold at $20 each and 5 DVD players were sold at $100 each, while this year 15 DVDs were sold at $10 each and 10 DVD players were sold at $50 each. Real GDP this year using last year as the base year is $700.
Gross Domestic Product (GDP) is the monetary value of all finished goods and services made in a country during a specific period of time.
The Gross Domestic Product calculates the real value of economic activity within a country.
GDP is a number that shows the net worth of the output of a country in local currency.
It represents the value of all goods and services produced in a specific time period within a country's borders.
Gross domestic product (GDP) is the total value of everything produced in a country.

8 0

4 years ago

Price floors and ceiling prices both:

Murrr4er [49]

Answer:

The correct answer is letter "D": interfere with the rationing function of prices.

Explanation:

While talking about price floors and price ceiling, the rationing function of prices refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.

The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.

3 0

3 years ago

In a simple economy with only businesses and households, suppose that the sum total of all the goods and services produced duri

taurus [48]

Answer:

$45 trillion.

Explain:

The balance between total revenue and the dollar amount of total output arises from the role performed by profit. Profit works as a leftover from cumulative business acquisitions after all other expenses such as long dash wages or dash labor, rents, interests have to be paid. If the dollar value of total output is $500, and the total expenses for producing the output is $450, there is an economic profit of $50. Hence, total income must meet the value of the total output. Therefore, I can say that if one group of people spend, another combination of individuals will realize a profit.

Explanation:

7 0

3 years ago

Read 2 more answers

Assume that the CAPM holds. One stock has an expected return of 8% and a beta of 0.5. Another stock has an expected return of 13

Zolol [24]

Answer:

10.5%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For one stock

8% = Risk-free rate of return + 0.5 × (Market rate of return - Risk-free rate of return)

8% = Risk-free rate of return + 0.5 × Market rate of return - 0.5 × Risk-free rate of return

8% = 0.5 × Risk-free rate of return + 0.5 × Market rate of return

8% ÷ 0.5 = Risk-free rate of return + Market rate of return

So, Risk-free rate of return + Market rate of return = 16

Risk-free rate of return = 16 - Market rate of return - 1

For another stock

13% = Risk-free rate of return + 1.5 × (Market rate of return - Risk-free rate of return)

13% = Risk-free rate of return + 1.5 × Market rate of return - 1.5 × Risk-free rate of return

13% = - 0.5 × Risk-free rate of return + 1.5 × Market rate of return - 2

Now put these equations together

13% = - 0.5 × (16 - Market rate of return) + 1.5 × Market rate of return

13% = - 8 + 0.5 × Market rate of return + 1.5 × Market rate of return

So, Market rate of return would be

= 21 ÷ 2

= 10.5%

4 0

3 years ago

How does understanding culture important in business?​

How does understanding culture important in business?