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Zarrin [17]
3 years ago
13

What is any factor that makes it difficult for a new firm to enter a market referred to as?

Business
2 answers:
Dmitry_Shevchenko [17]3 years ago
7 0

Answer:

c. a barrier to entry.

Tpy6a [65]3 years ago
5 0
A barrier to entry is any factor that makes it difficult for a new firm to enter a market. 
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Studying international business is important because the best way of conducting business is usually the same from country to cou
kakasveta [241]

Answer:

FALSE

Explanation:

Conducting business is usually NOT the same from country to country because:

1. DIFFERENCE IN BUSINESS ETHICS: Business ethics vary from nation to nation. European countries work from 8 am to 5 pm on a typical work day and rest on Saturdays and Sundays; but in the middle East, people do not work on Fridays but work on Sundays. They also take a lot of business time off for routine prayers during normal work hours.

2. NEED FOR TRANSLATORS: Differences of language does increase the cost of carrying out business activities in other nations. Take India and China for example; You cannot conclude that business deals will be carried out without hiring a translator who understands Hindi or Mandarin.

3. LOCAL LAWS AND CUSTOMS: The UK customs and laws require that cars be driven on the left hand side of the road but that is not the same in most other countries of the world, hence a U.S car manufacturer must be aware of the costs of redesign if he has to sell cars in the U.K.

5 0
3 years ago
Sthilaire Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct la
Fed [463]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.

We need to calculate the total number of hours required each month.

April:

Direct labor hours= 1,700 units* 0.52= 884 hours

Total cost= 960 hours*$9= $8,640

May:

Direct labor hours= 1,600 units* 0.52= 832 hours

Total cost= 960 hours*$9= $8,640

3 0
2 years ago
When Beck joined his uncle's oil exploration company in east Texas, he was given several hundred shares of stock in the firm, an
sergij07 [2.7K]

Answer: Master limited partnership

Explanation:

A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer.  A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.

7 0
3 years ago
WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s
Fynjy0 [20]

Answer:

the common fixed expense is $300,000

Explanation:

The computation of the common fixed expense is shown below:

Common Fixed Expenes = Office Administrative Assistant + Office Administrative Assistant + President's Salary

= $70,000 + $47,000 + $183,000

= $300,000

hence, the common fixed expense is $300,000

6 0
2 years ago
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserv
sergey [27]

Answer:

hmmmmmmmmmmmmm

Explanation:

4 0
3 years ago
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