1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
igomit [66]
3 years ago
5

1) If you are a consultant for a business looking to expand in Europe, is Greece even an option?2) Do the facts that its populat

ion is comprised largely of government workers, that the citizens were largely in favor of defaulting on its national debt, and that the country nearly left the European Union constitute a deal breaker?3) If the government does, in fact, implement the agreed-upon austerity measures, would that be a sign that the country is on the right track?4) What other concerns would you have about entering the Greek market?
Business
2 answers:
zzz [600]3 years ago
8 0

Answer:1)Yes

2)No,not enough

3)improved economy

Stronger currency

Reduced National debt

Improve index of living

4)political stability

Raw materials

Market for products

Laws of the country

Tax regime

Explanation:Greece is a wonderful nation in Europ and is known for it's tourism attraction,with his fairly dense population ,it will provide market for a new product with novel usefulness.businesses like hotels and other hospitality business will thrive here.

2)The plan EU exit is not a threat since it has been called off,being government workers is not a challenge especially if the goods and services intended is essential.the issue of defaulting on national debt will not affect private businesses as the company will rejig it's credit system such that credit purchases will be minimal,but a survey of the needs of the Greeks and their perception of the product intended to sell will give a good idea of whether the business will their.once the taste of the people are met ,there is bound to be sales and once services or goods are essential e.g commucation ,food etcindustry the is bound to be high patronage.

3)thepositive effect of the goverment policon austerity will be seen in improved index of living,relative stronger currency etc

4) other factors to be considered before opening a branch in Greece includes,the level of political stability in the country, availability of raw materials for production, Highly skilled Greek labor, friendly tax regime or laws, money repatriation laws which allow parents company to get share if profits easily.

Fair share of markets for products.

Language barrier is also a very important consideration while a good knowledge of the country law system is key to sitting a company in Greece,so as not to run foul of the country laws .

TEA [102]3 years ago
6 0

Answer:

1. I will not consider Greece for now

2. It is a factor as it shows the general public character as to repayment of debts and keeping to contractual obligations which is the soul of business.

3. If the government implements the austerity measures it signifies that the country is on path of fiscal discipline which is needed to bring down their debt levels.

Explanation:

The debt to GDP ratio is about 180% which is bad for a country with no significant natural resource and poor private sector led economy. Though the economy appears to be growing marginally; it is still a fragile economy. Investors will rather adopt a "hold policy" pending when more positive economic indicators are sustained.

You might be interested in
The National Income and Product Accounts identity states:__________A) Expenditure  Production  Income.B) Production  Expendit
zaharov [31]

Answer:

I. National Income Accounting:

National income accounts are an accounting framework is useful in measuring economic activity.

A. Three approaches—all produce the same measurement of the production of the economy.

1. product approach: how much output is produced

2. income approach: how much income is created by production

3. Expenditure approach: how much purchasers spend

B. Why all three approaches are the same: Assumes no unsold goods (at this point) then the market values of goods and services produced must equal the amount buyers spend to purchase them (product approach=expenditure approach). What the seller receives (income) must equal what is spent (expenditure).

II. Gross Domestic Product (GDP)

A. GDP vs. GNP

GNP= output produced by domestically owned factors or production. (By our people)

GDP= includes production produced by foreign owed factors of production within the countries border and excludes domestically owned production in foreign countries. (On our soil)

1. GDP = GNP – net factor payment from abroad (NFP)

2. How big is the difference?

B. Product approach: The market value of all final goods and services produced within a nation during a fixed period of time.

1. Market value: allows comparison between different goods. Has some problems – ignores some goods. underground economy, and government services.

2. Final goods and service: Treatment of inventories; Capital goods; Avoids double counting; Value added.

3. New production: Ignores goods produced in previous periods

C. Expenditure approach: Total spending on final goods and services produced within a nation during a specified period of time.

1. Income expenditure identity and four categories of spending: Consumption (C), Investment (I), government purchases of goods and services (G) and net exports (NX)

Y = C + I + C + NX

2. Consumption(C): Spending by domestic households on final goods and services

a. Consumer durable goods: Long lasting goods

b. Nondurable goods used up quickly

c. Services

3. Investment (I): Spending on new capital goods by business

a. Business fixed investment

b. Residential fixed investment

c. Inventory investment: Changes in the amount of unsold goods, goods in progress and new materials

4. Government purchases of goods and services (G):

a. State and local vs. Federal spending

b. Transfers and interest payments on debt are not counted. They are counted in total government expenditure which is not the same as government purchases of goods and services.

5. Net exports (NX): exports minus imports

a. Need to subtract imports since they are counted in C. I and G can add goods produced within the country purchased by foreign interests (exports).

D. Income approach adds up income received by producers, including profits and taxes paid to the government

1. Income generated by production

a. National income =

compensation of employees

+ proprietors income

+ rental income of persons

+ corporate profits

+ net interest

+ taxes on production

+ business transfers

+ surplus of gov enterprises

b. National income + statistical discrepancy = Net National Product (NNP)

Note: This changed a couple years ago. If you have an old addition, you may see the indirect business tax. It is no long used in this equation!

c. NNP + depreciation = GNP

d. GNP – NFP = GDP

2. Income of private sector and government

a. Private disposable income = income of private sector = private sector income earned at home (Y or GDP) and abroad (NFP) + payments from the government sector (transfers TR and interest on debt INT) – taxes paid to government (T) = Y + NFP + TR + INT – T

b. Government net income = T- TR – INT

III. Saving and Wealth

A. Wealth Difference between assets and liabilities

B. Measures of aggregate savings

1. Saving = current income – current spending; saving rate = saving/current income

2. Private saving (Spvt) Spvt = Y + NFP – T + TR + INT – C

3. Government Saving (Sgovt) Sgovt = T – TR- INT – G

a. Government saving = Government budget surplus (deficit = -Sgovt)

4. National Saving= private saving + government saving

S = Spvt + Sgovt = Y + NFP - C – G = GNP - C – G

C. The uses of private saving

1. S = I + (NX + NFP) = I + CA

CA = NX + NFP = current account balance

2. The use of savings identity

Spvt = I – Sgovt + CA

If the budget deficit increases one or a combination of the following happen

1) private saving must rise

2) investment must fall

3) the current account balance must fall

IV. Prices Indexes, Inflation and Interest Rates

A. Nominal vs. Real variables

Nominal Variables – Measures the economic variable in terms of the current market value.

Real Variable—Measure the variable valued at the prices in a base year.

B. Real vs. Nominal: Calculation the differences

Examples Small country only produces base balls and baseball bats

Explanation:

3 0
3 years ago
A buyer will receive a utilities bill for an estimated $400 at the end of the month. At closing, the seller has used an estimate
MrMuchimi

Answer:

Dr Seller Account $100

Cr Buyer Account      $100

Explanation:

The property sold on 15th of the month by Mr. A to Mr. B and the utility bill received later of this month would be split between Mr. A and Mr. B. The basis for the split of the utility bills would be the share that Mr. A utilized the facilities and in this scenario, it is $100. Hence the buyer Mr. B has receivable of $100 and the seller Mr. A has a liability payable of $100 amount.

Hence the buyer will debit the bill by $100 receivable and the Seller will debit the bill owed to buyer by $100.

3 0
3 years ago
PLEASE HELP
erma4kov [3.2K]
A I believe is the correct answer
8 0
3 years ago
__________aggregate customers' opinions related to products or services that they have purchased and then suggest them to others
Rudik [331]

Answer:

Recommendation websites

Explanation:

Recommendation websites aggregate customers' opinions related to products or services that they have purchased and then suggest them to others with the same interest.

These websites make use of customer data based on what they have purchased in the past (product or service) to present to them new/similar products.

6 0
2 years ago
If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would y
Damm [24]

Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.

<h3>What are Personal Ethics at work place?</h3>

Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.

Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.

Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.

To know more about Personal Ethics at work place refer:

brainly.com/question/1031443

#SPJ1

7 0
1 year ago
Other questions:
  • Hector has a favorite Mexican fast food restaurant he likes to go to for chicken burritos. He will drive ten miles to the locati
    14·1 answer
  • A __ is usually one of the first things a prospective employer sees when you apply for a job, so it is important to highlight yo
    10·1 answer
  • Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2019. R
    7·1 answer
  • On September 1 of the current year,Scots Company experienced a flood that destroyed the company's entire inventory.Because the c
    6·1 answer
  • Your Godmother left you an inheritance of ​$100,000​, payable to you when you turn 26 years old. You are now 21.​ Currently, the
    14·1 answer
  • Diversion is the act of acquiring a product or service by means of:
    14·1 answer
  • Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work f
    10·1 answer
  • Select the correct answer.
    6·2 answers
  • What are some products and services that may be purchased by calling the eight companies customer service number
    7·1 answer
  • Write a latter to your brother studying overseas describing the wedding ceromonu of your sister which you attended last week and
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!