Answer:
The correct answer is: market globalization.
Explanation:
Market globalization is the worldwide spread offering of goods and services creating an integrated economy. The main tool of this market is the internet that allows the connection between buyers and sellers from remote physical locations with just a couple of clicks. When it comes to competition, the companies rationalize their value by creating multinational business chains.
Answer:
sole proprietorship
Explanation:
sole proprietorship is the most used business model in the US and is usable in big and small companies.
Answer:
The correct answer is $220,000.
Explanation:
According to the scenario, computation of the given data are as follows:
Selling price = $7.5
Variable cost = $3.5
Annual sales = 55,000 kites
We can calculate the fixed cost by using following formula:
Fixed cost = Annual sales × ( Selling price - Variable cost )
Fixed cost = 55,000 × ( $7.5 - $3.5 )
= 55,000 × $4
= $220,000
Answer:
The answer is Place Utility.
Explanation:
The place utility refers to the utility that is created for a particular commodity in relation to its location. In other words, it basically means, making goods and services available to current customers and potential customers. The place utility might involve the shipping a finished product to a new location, thereby making it more accessible to consumers than the place where it was initially manufactured.
Therefore, the patronage and reach of a product or service can be increased by changing its physical location.