Answer:
E. globalization
Explanation:
-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.
-Availability of supplies refers to having access to the products needed for the business.
-Avoidance of tariffs and import quotas refers to not having limitations like paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.
-Lower labor costs refers to low salaries.
-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.
According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.
People need to have [Purchasing Power] in the economy to be able so spend money. Purchasing power means having the financial ability to spend money in buying goods and services.
Answer:
Guidelines to consider include:
1. Planning
2. Deciding which social media platform is best for your business.
3. Knowing your audience
4. Expanding audience
5. Building relationships
6. Focusing on quality over quantity
7. Using the right tools
Explanation:
Social media is one of the ways to connect with a large number of individuals to boost business and sales.
Firstly, Planning is very vital in whatever we are doing. Without a plan, the organization has no clear goal of what they are trying to archive. The organisation should create a social media plan upfront.
Secondly, The local business should decide which social media platform is best for them.
Furthermore, the business should know and understand who their audience is by compiling data on current customers and social media analytics.
Afterwards, The organization should expand their audience since they have gotten a clear picture of who their audience is.
It is also very important for the business to focus on quality instead of quantity when creating content so as to offer value.
Finally, the organization should take advantage of tools to simplify work and boost productivity.
Answer:
the unit product cost using absorption costing is $119
Explanation:
The computation of the unit product cost using absorption costing is given below:
= Direct material per unit + direct labor per unit + variable manufacturing cost per unit + fixed manufacturing cost
= $45 + $37 + $8 + ($58,000 ÷ 2000)
= $119
Hence, the unit product cost using absorption costing is $119
Answer:
25,500 units
Explanation:
Sales units = Opening stock + Production - Closing stock
<em>So, we input the figure with aid of the above formulae</em>
25,000 units = 500 units + Production units - 1,000 units
Production units = 25,000 units - 500 units + 1,000 units
Production units = 25,500 units.
So, the number of units set forth in the production budget, representing total production for the current period is 25,500 units.
