I think the answer would be C. Recommend a solution.
The Process
1. Design the study
2. Collect the data
3. Interpret the data
4. Defined the marketing problem
5. Recommend a solution
Answer:
The correct answer is letter "A": Building relationships with suppliers and business partners.
Explanation:
For a manufacturing company that is interested to start businesses abroad, it is important to find out if the operations processes can be carried out at least under the same characteristics as in the country of the firm's origin. Managers must analyze if all the components of their <em>supply chain</em> are likely to be found in the new region. Besides, managers should look for <em>local business partnerships</em> that will help the association adapt to the new market easier.
Answer:
The correct answer is option C.
Explanation:
A perfectly competitive firm faces a perfectly elastic demand curve. In a perfectly competitive market, there is a large number of buyers and sellers, such that no single firm is able to affects the price or output level. The demand curve faced by a single firm is a horizontal line.
The market demand curve, on the other hand, is downward sloping. So whatever be the market elasticity of demand, the elasticity of individual firm will be infinite.
Answer:
Invariably, the cost of the product will rise. A relatively increase in supply parts directly influences the price of a product.
