Answer: b. supply of cell phones to decrease; the price of cell phones would increase and the quantity of cell phones traded would fall.
Explanation:
An economic boom is when there's rapid economic expansion which brings about increase in the gross domestic product, higher inflation and lower unemployment.
If economic boom drives up wages for the sales representatives who work for cell phone companies, this will bring about a reduction in the supply of cellphones by the supplier and since there's a decrease, the prices of the available cellphones will increase because there'll be higher demand for lower.goods which invariably shoot up the price and also, the number of cell phones that are being traded will reduce.
Examples:
1.) Having a stain on your rug there's only so much you can get out before your damaging your rug with cleaner
2.) Babysitting and having the child miss there mom, there's only so much you can do to try to calm him/her down
3.) Watering plants, if you haven't watered plant in a long time so you give them extra water, if you keep giving the plant extra water it will eventually drown and die.
Answer:
The cost of the machine will be $85,358.88
Explanation:
To calculate the present value of the machine is given by:
Present value=$16000*Present value of annuity factor(10%,8)
=$16000*5.33493
= $85,358.88
The correct answer is choice A.
Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.
Answer:
Explanation:
There are no options but Licensing as well as Franchising are some of the least riskiest ways to expand internationally.
With Licensing, the company looking to expand simply sells licenses to various companies in different countries giving them the right to use their image. Basically, the company the license is sold to gets access to the seller's intellectual property but then can run their business with a significant degree of autonomy.
Franchising represents another way to expand with little risk. It involves a company giving a license to another company to sell and sometimes produce their products as well as image rights. The company will give the franchisee (company that gets the license) the knowledge and training required to maintain the franchise and in exchange, franchisee pays a fee.
Both of these methods ensure that the name and brand of a company spread internationally whilst making money from it. Risk is minimized because the investment in other countries is low to nothing.
