<u> </u><u>The </u><u>Economies of </u><u>scale </u> occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.
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Answer: A. The firm entering into a turnkey project with a foreign enterprise, inadvertently creating a competitor.
Explanation:
A TurnKey project is one where the constructor initiates and completes the entire project. That means they handle the design, the construction, the furnishing and etc so that they can give the project to the buyer in working condition.
By getting into such Projects with firms in Gulf states, Western firms created competitors because they essentially sold their competitive advantage away as well. Now those firms are just as proficient in producing as they are thus giving them competition.
Answer:
lower costs, leading to higher profits
Explanation:
Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.
When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.
These in turn lead to lower costs and higher profit.
Staff turnover is costly on the business as new hires have to be trained on the job to be effective.
Answer:
Option"A" is the correct answer of the following statement.
counselors no longer have to cope with personal problems.
Explanation:
A counselor is a professional person who is specially trained to give advice. Counselors give proper advice to people on the strength of their specialized training. A good example of a consultant might also be a business consultant who uses his or her specialized knowledge to make appropriate decisions for a business.
The counselor is also like a common person, he also has to face many difficulties in life.
Answer:
Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
Explanation:
Solution
Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.
So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.
