Answer: D. $25,800
Explanation:
Given the following :
Cash price - $24,000
Sales Tax - $1,200
Installation and testing - $400
Insurance during transit - $200
Total price = cash price + sales tax + installation and testing + insurance during transit
Total price = $24,000 + $1,200 + $400 + $200
Toral price = $25,800
Total cost of equipment that should be recorded is $25,800
Which of the following items would require an adjusting entry at the end of each accounting period? a.Vacation pay earned by employees b.Garnishment for child support payments c.Union dues withheld d.Withholdings for a 401(k) plan e.None of these choices are correct.
Answer: a.Vacation pay earned by employees
Explanation: Adjusting entries refers to journal entry made to ensure that some financial activity is assigned to the posting period in which the activity occurred. Their main purpose is to match incomes and expenses to appropriate accounting periods. They are made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
______ is an important marketing activity as it allows salespeople to represent the firm to customers, gather information on customer likes and dislikes, and provide market feedback on competitors and trends in the macro-environment.
Answer:
Personal Selling
Explanation:
Personal selling occurs when a sales representative meets with a potential client for the purpose of transacting a sale. Many sales representatives rely on a sequential sales process that typically includes nine steps. Some sales representatives develop scripts for all or part of the sales process.
Answer:
Personal selling
Explanation :
It is an oral presentation of ideas about products or serviced.. Electronic marketing that is telemarketing or online shopping are example of personal selling.
The contacts in personal sellings are done through the use of salesman or sales representative who represents the interest of the manufacturers before the consumers
The process in personal selling are
1. Prospecting
2. Pre-Approach
3. Approach
4. Demonstration
5. Objection Handling
6. Closing the sales.
The major roles of a salesperson are
1. Act as source of information
2. Making sales
3. Monitoring of product performance in the market
4. Making contacts with both Customer and Manufacturers before
5. Customer maintenance
6. Act as source of feedback for the manufacturers.
Dove wanted to do more than just sell its beauty care products. The company was on a quest to discover "real beauty" and help women be happy just the way they are. As a result, the Dove Campaign for Real Beauty was successfully launched in 2004. Which of the following types of marketing did Dove use?
A) mission
B) channel
C) value
D) public communication
E) social
XYZ borrowed $50,000 this year. Half of the loan will be repaid next year and the remainder will be paid the following year. How will the $50,000 be reported on its balance sheet at the end of this year? (Check all that apply.)
Answer:
The answer is given below;
Explanation:
XYZ
Extracts from Balance Sheet
As at XXXXX
Current Liabilities
Current portion of long term loan *$25,000
Long Term Liabilities
Long Term Loan $25,000
As the 50% of the loan will be repaid in next year, therefore ($50,000/2) will be shown in current liabilities. The rest of the loan is shown as long term loan as it will be repaid after 12 months.
Answer:
Under current liabilities you must record:
Current portion of long-term debt (CPLTD) $25,000
Accrued interest payable XXX (the interest rate is not given)
Under long term liabilities you must record:
Long-term debt (LTD) $25,000
Explanation:
Current portion of long-term debt (CPLTD) account in the balance sheet is used to report the amount of long-term debt principal that is due within a year. Accrued interest expense must be recorded separately, since interests and principal must be treated separately.
Some of the mangos from your neighbor's mango tree drop into your yard. You don't like mangos and the fallen mangos make it harder to mow your lawn. Your neighbor values the tree at $300, and your cost of dealing with it is $500. If your neighbor has the legal right to keep the tree, what would be an efficient outcome according to the Coase theorem?
A. Your neighbor pays you $400 to not have the tree cut down.
B. Your neighbor pays you $200 to not have the tree cut down.
C. You pay yur neighbor $400 to cut the tree down.
D. You call city officials to have the tree cut down.
Answer:
A.
Explanation:
Your neighbor pays you $400 to not have the tree cut down
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate
Answer:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate that the amount of direct materials or inputs actually used in the production is lower than the expected or standard quantity or amount to be normally used in production.Explanation:
A favorable direct material price variance basically implies different than usual or standard variation in the price of raw materials and factor inputs used in the production process.From a business or economic standpoint,it indicates that the amount or quantity of materials and factor inputs employed in the production of any product or services is actually less than the standard or expected quantity or amount to be used in the production.It perhaps might also indicate an unusual or unexpected reduction in the production or manufacturing costs or expensesA) High-quality materials were purchased at a lower cost but resulted in more waste, causing the variances.
An unfavorable direct materials quantity variance indicates that waste or inefficiency resulted from the usage of more resources than anticipated. When these two variances occur together, it might indicate that high-quality materials were purchased at a reduced price, leading to initial savings.
This scenario underscores the importance of balancing cost and quality in purchasing decisions, as savings on material costs can be negated by inefficiencies in production, resulting in an overall unfavorable outcome for the business.
The complete question is:
A favorable direct materials price variance and an unfavorable direct materials quantity variance might indicate.
A) High-quality materials were purchased at a lower cost but resulted in more waste.
B) Low-quality materials were purchased cheaply, leading to higher usage.
C) Materials were purchased in bulk, causing storage issues.
D) Both variances are unrelated and indicate no specific trend.
The following information is taken from the production budget for the first quarter: Beginning inventory in units 1000 Sales budgeted for the quarter 406000 Capacity in units of production facility 452000 How many finished goods units should be produced during the quarter if the company desires 3000 units available to start the next quarter? Entry field with incorrect answer 404000 454000 409000 40800
Answer:
The correct answer is 408,000 units
Explanation:
Computing the finished goods units to be produced during quarter is as:
= Desire units - Beginning inventory units
where
Desire units is 3,000
Beginning inventory units is 1,000
So,
=3,000 units - 1,000 units
= 2,000 units
Now, computing the finished goods units as:
Finished goods units = 2,000 units + Sales budgeted for the quarter
Finished goods units = 2,000 units + 406,000 units
Finished goods units = 408,000 units
NOTE: It should be 408,000 not 40800.
What contractionary monetary policy actions may be used to help reduce inflation?
A. The money supply is reduced, so banks charge a lower interest rate on
loans, leading to higher borrowing and growth.
B. The money supply is reduced, so banks charge a higher interest rate
loans, leading to slower borrowing and growth.
C. The money supply is increased, so banks charge a lower interest rate on
loans, leading to slower borrowing and growth.
D. The money supply is increased, so banks charge a higher interest rate on
loans, leading to slower borrowing and growth.
Answer:
The answer is B.
Explanation:
Contractionary monetary policy is a policy adopted by Central banks when the economy is heating up i.e when the economy is moving faster than it can withstand. So this is used to slow down the economy.
There is always a higher inflation and money supply is high when the economy is heating up.
So to contract or slow down the economy, the central banks increase the interest rate, this increase in interest rate discourages borrowing from households, businesses and even commercial banks and when there is a low demand for borrowed fund, money supply (total quantity of money in circulation) decreases.
Answer:
The answer is B.
Explanation:
To make thing more simple, the money supply is reduced, so banks charge a higher interest rate on loans, leading to slower borrowing and growth. Monetary policy involves controlling the supply of money, sometimes through interest rates. When the supply of money is reduced, central banks make borrowing money more difficult and less appealing by raising interest rates on a variety of loans.
Additionally, it is on USA test prep.
In more centralized organizations employees at all levels of the organization are involved in the decision-making process.
A. True
B. False
Answer:
B, False
Explanation:
A centralized organization can be defined as a decision-making process in which decisions are made and handled by the top executives of the organization.
This means that only employees in the highest of hierarchy in an organization are involved in the decision-making process rather than every employee in the organization. Decisions made by the top executives are to be followed by the other employees in the organization.
Cheers.
The Motorola team that developed the Razr cell phone was a good working team because they agreed on the objectives at hand and on the best approach to solve the problem. In management terms, this phenomenon is called groupthink.
True / False.
Answer:
False
Explanation:
Groupthink is when a group of individuals reach a consensus without really weighing the matter, comsequences, or whether you can have other alternatives. Groupthink takes its cue from just desiring not to upset the balance of a group of people. This in no way does not describe the Motorola team that developed the Razr cell phone. They agreed on the objectives at hand and on the best approach to solve the problem.
Answer:
False
Explanation:
In management, groupthink is just the opposite, and it is actually bad for work groups and team work. Groupthink is a negative psychological phenomenon that takes place in many different places: schools, work, sports clubs, families, etc. It basically happens when group members feel such a strong need to belong in the group and not be considered part of the outgroup, that they will accept whatever decision the leader makes or imposes. Individual members are afraid to think differently and they will not even dare to criticize any decision made by the leader because they fear the negative consequences of not obeying or complying with the group's norms.
So in this case, since the team that was in charge of developing the Razr phone was successful, then we can assume that every team member was important and participated in the project. Even though it is possible that the team members shared many ideas and values, it is highly unlikely that a team were groupthink exists is able to develop something positive. Groupthink is related to a very authoritarian leadership style, which doesn't really stand out for creativity.
David owns a cooperative apartment in Midtown Manhattan. He would like to know when the board members of his cooperative meet, as he would like to present architectural plans for the renovation of his apartment. Where should David look to find this information...?
Answer: By-laws
Explanation:
According to the given question, the by law is one of the type of rule in which the various types of laws are established the rights for the given responsibilities in an organization.
The main objective of the bylaws is to make disputes among the group members and any company by establish the laws for the purpose of controlling the discipline in an organization.
Therefore, David is basically looking for by laws for the purpose of finding its information in the cooperative meet. So, By laws is the correct answer.
Suppose the total monetary value of all final goods and services produced in a particular country in 2015 is $500 billion and the total monetary value of final goods and services sold is $450 billion. We can conclude that:
Answer:
GDP in 2008 is $500 billion.
Explanation:
Rebecca is the office manager for a medium-sized production company. She writes to her boss asking if the duty of writing the weekly sales report could be shifted from Rebecca to one of the office assistants. She begins her persuasive argument by pointing out that her other responsibilities mean the report is several hours late every week, which delays her boss from sending his own report to the company executives. This is an example of:________.
Answer:
Common-ground persuasion technique
Explanation:
Where there is an overlapping of duties among staff or employees in an organization, one of the best method to resolving it is through common-ground persuation technique. It is also used to facilitate work based relationships.
The aim is to gain attention, clear all doubts about the roles of individuals and also to fasten the duties and responsibilities of employees without unecessary delay.
For this type of technique to be effective and accepted by the superior,
- the purpose through which the persuation is being sought must be understood by
-The staff seeking the persuation must be factual, trustworthy, honest and intents made in writing as in the case above.
-When employing common ground persuation technique, there must be an elements of focus and credibility on the part of the staff or employee involved.
Slow growth in US incomes during the 1970s and 1980s was primarily due to a. slow productivity growth in the US. b. increased competition from Japan. c. increased competition from European countries. d. a rapid decrease in the quantity of money in the economy.
Answer:
A
Explanation:
Slow productivity growth in the US
Answer:
A) slow productivity growth in the US.
Explanation:
The major factor that affects income and economic growth is productivity, though it is not the only one. Several research studies determined that the average productivity of an American worker during the 1970s decreased specially in industries that were hit hard by the continuous oil and energy crises: pipelines, electronics, auto repair, and oil and gas extraction.
Lower productivity plus high inflation rates and increased foreign competition were the perfect economic storm. there were other periods of economic recession were productivity fell in the same proportion or even higher (late 1980s and early 1990s), but the combination of factors made things worse.
The auto industry was severely hit during those years, and it was never able to recover fully. Back then Honda and Toyota gained huge portions of market share, specially in car sales (not pickups) and even today their cars are the best selling (Camry, Corolla, Accord and Civic) while American manufacturers are only focusing SUVs and pickups. If we set aside Apple, the rest of the large American electronics manufacturers are virtually gone (GE and Motorola are Chinese now).
During the 1970s and early 1980s, American manufacturing suffered a lot.
Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investment that he makes, what is the future value of his investment cash flows at the end of three years
Answer:
Total future value= $16,402.09
Explanation:
Giving the following information:
Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.
To calculate the future value, we need to use the following formula for each cash flow:
FV= PV*(1+i)^n
Year 1= 4,450*1.07^3= 5,451.44
Year 2= 4,775*1.07^2= 5,466.90
Year 3= 5,125*1.07= 5,483.75
Total future value= $16,402.09
Answer:
$15,329
Explanation:
year cash flows future value year 3
1 $4,450 x 1.07² = $5,094.81
2 $4,775 x 1.07 = $5,109.25
3 $5,125 x 1 = $5,125
$15,329.06
if you want to check if the answer is correct, use an excel spreadsheet and first determine the present value of the 3 cash flows =NPV(7%,4450,4775,5125) = $12,513.08 and then multiply by 1.07³ to get the future value = $15,329.06
______ is compared to expansionary monetary policies adopted to counteract a recession
Answer:
Higher interest rates
Explanation:
Higher interest rates is compared to expansionary monetary policies adopted to counteract a recession as it helps to moderate a country's economic growth by raising the costs of borrowing, reduce consumer spending, improving exchange rates and reduce inflation.
High interest rates are commonly caused as a result of an increase in demand for credit or money.
When analyzing a price-earnings ratio:_________.
a. A higher price-earnings ratio indicates pessimism because the price is too high compared to the earnings
b. The higher the price-earnings ratio, the more investors are paying for earnings.
c. A low ratio indicates that investors expect higher earnings in the future.
d. Price-earnings ratios are helpful when comparing two companies in the same industry, but not to the market in general.
e. The price-earnings ratio provides enough information to allow an investor to decide whether or not to invest in a particular stock.
Answer:
B. The higher the price-earnings ratio, the more investors are paying for earnings.
Explanation:
When analyzing a price-earnings ratio the higher the price-earnings ratio, the more investors are paying for earnings.
Price-earning ratio: It is a ratio of stock´s price per share to the company´s earning per share. It is a measure the share price in relative to the total earning by the company per share. Higher price earning ratio shows the higher demand for the share in the market. The investor wants to invest in the company´s share even if they have to pay a higher price per share as they anticipate better earning per share in the future. This ratio also helps in evaluating the performance of the company before investing.
Formula; Price-earning ratio= [tex]\frac{Current\ share\ price}{Earning\ per\ share}[/tex]
PLEASE HELP
1. Which of the following is not a core module of accounting?
Accounts receivable
Accounts payable
Debt collection
Purchase orders
2. What is a general ledger also known as?
A normal ledger
A nominal ledger
An enumerated ledger
None of the above
3. Which of the following is not one of the seven basic accounting categories?
Asset
Gains
Losses
Investment
1. This is not a core module of accounting C. Debt Collection. Debt Collection falls under the Accounts Receivable accounting module.
In short, Debt Collection is a financial management practice and not an accounting module like Accounts Receivable, Accounts Payable, and Payroll.
Accounting modules are parts of the accounting information system.
2. A general ledger is a B. A nominal ledger.
The general ledger is not a specialized ledger like the Accounts Receivable and Accounts Payable Ledgers, also known as Subsidiary Ledgers.
3. This is not one of the seven basic accounting categories D. investment.
The seven basic accounting categories include assets, liabilities, equity, gains, losses, expenses, and income (revenue).
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Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire amount each month at the rate of ​$50 per day.​ (Assume 30 days in a​ month.) The interest rate paid on bonds is 6 percent per month. It costs ​$4 every time Peabody sells a bond. The optimal average level of money holdings is the amount that _________.
Answer: A. maximizes the profits from money management.
Explanation:
The optimal average level of money is indeed the amount that maximises profit from money management.
Money management is essentially taking charge of your money and ensuring that you manage it in such a way as to limit unnecessary expenses whilst growing money through measures such as budgeting, investing and expenses tracking.
With Mr Peabody's income and other financial constraints, the optimal average level of money will be the most he can maximise from managing his money.
Larry's Lizards and Ronaldo's Reptiles are competing for pet store franchises. Both are considering opening a store in the small town of Turtleville. If Ronaldo's opens a profitable store in Turtleville and Larry's management determines that it is not profitable to also open a store, then:
a. this is a simultaneous game.
b. a Nash equilibrium is not possible in this game.
c. Ronaldo's had a first-mover advantage in this game.
d. this is a zero-sum game.
Answer: C. Ronaldo's had a first-mover advantage in this game
Explanation: First mover advantage is a marketing strategy, this advantage is gain by company for being the first occupant of a market or new business segment. This advantage may be made possible by leadership in technology, capital or resource purchase.
In this scenario Ronaldo's Reptiles had the advantage of first mover in Turtleville.
The following information pertains to Lance Company.
1. Cash balance per bank, July 31, $7,328.
2. July bank service charge not recorded by the depositor $38.
3. Cash balance per books, July 31, $7,364.
4. Deposits in transit, July 31, $2,700.
5. $2,016 collected for Lance Company in July by the bank through electronic funds transfer. The collection has not been recorded by Lance Company.
6. Outstanding checks, July 31, $686.
A. Prepare a bank reconciliation at July 31, 2017.
B. Journalize the adjusting entries at July 31 on the books of Lance Company.
Answer:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
Explanation:
Bank Reconciliation statement :
Cash balance as per Bank - - - - - $7328
Add: Deposit in transit - - - - - - - - $2700
Less: Outstanding checks - - - - - - $686
Adjusted cash balance - - - - - - - $9342
Cash balance as per Book - - - - - $7364
Add: Electronic Fund transfer - - - $2016
Less: unrecorded service charges-- $38
Adjusted cash balance - - - - - - - - - $9342
B.)
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July
Which of the following is true for a constant growth stock whose market value is equal to its intrinsic value? a. The stock's expected return is less the required return. b. The stock's dividend yield is equal to it's growth rate. c. The stock's expected return exceeds the required return. d. The stock's expected and required return are the same.
Answer:the stocks expected and required return are the same
Explanation:
The true statement regarding when the market value should be equivalent to the intrinsic value is option d.
What is constant growth stock?It is the stock where the dividend and earnings should be presume to grow at the constant or the same rate. In the case when the market value should be equivalent to the intrinsic value so here the expected value of the stock and the required return should be the similar.
So based on this, we can say that the option d is correct.
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30. Scenario: Capital An economy initially has 200 units of physical capital per worker. Each year it increases the amount of physical capital by 10%. According to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%. Reference: Ref 9-14 (Scenario: Capital) Look at the scenario Capital. If there is no inflation and output per worker is initially $1,000, what does the estimated output per worker equal after one year? $1,225 $2,500 $1,250 $1,025
Answer:
$1,025
Explanation:
An economy initially has 200 units of physical capital per worker.
Each year it increases the amount of physical capital by 10%.
Each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%.
Therefore 10% increase, increases output per worker by 2.5%.
If output is initially $1,000, then the estimated output per worker after one year equal $1000 x 1.025 = $1,025
Medical Accounts Collection enters into a contract to employ Natalie as a billing and credit manager for two years. During the first year, Natalie is often absent without explanation and when present fails to adequately do her job. Refer to Fact Pattern, Natalie’s performance most likely:
A. undercuts Medical Accounts’ duties under the contract.B. has no effect on Medical Accounts’ performance.C. discharges Medical Accounts from the contract.D. suspends Medical Accounts’ duty to perform.
Answer:
Correct option is (C)
Explanation:
A contract is held valid if both the parties to the contract fulfill their obligations and responsibilities. Even if one of the parties fail to perform their obligations, the other party to the contract is discharged of the contract.
Here, Natalie failed to perform the main aspect of the contract which is to do her job adequately. So, Medical Accounts is discharged from the contract by law.
What are the characteristics of a contestable firm
Answer: see explanation below for answer.
Explanation: A contestable market refers to a market in which firms are facing zero entry and exit costs. What his means is that there are little or no barriers to entry and to exit, for example, sunk costs and contractual agreements. In order for a market to be perfectly contestable, the technology that is vital in a particular industry must be readily available to new firms seeking to enter the market.
The characteristics of contestable firms include:
1. They encounter no barriers to their entry or exit.
2. They do not incur no sunk costs.
3. New and old firms have access to the same level of technology in the industry.
For a monopoly, marginal revenue is less than price because A the firm is a price taker B the firm must lower price if it wishes to sell more output C the firm can sell all of its output at any price D the demand for the firm's output is perfectly elastic
Answer:
B the firm must lower price if it wishes to sell more output
Explanation:
A monopoly is when there is only one firm operating in an industry.
The monopoly faces an elastic demand.
The demand curve of a monopoly is downward sloping.
When the price of a monopoly is greater than the marginal revenue, the monopoly should reduce the price in order to increase quantity sold and increase marginal revenue.
I hope my answer helps you
Answer:
B) the firm must lower price if it wishes to sell more output
Explanation:
A monopolist's marginal revenue is always less than or equal to the unit price of the good or service it offers. This is because the demand curve is downward sloping, and in order to increase the quantity demanded it must lower its sales price. A monopolist can make economic profit because it can set the price of the product, but in order to maximize its accounting profit it should sell its products at a price that equals marginal cost. It follows the same economic principle as every other type of company.
Other options are wrong because:
A the firm is a price taker FALSE, IT HAS ENORMOUS MARKET POWER AND CAN SET THE PRICEC the firm can sell all of its output at any price FALSE, IF THE PRICE IS TOO HIGH CONSUMERS WILL STOP BUYING, THE DEMAND CURVE IS DOWNWARD SLOPINGD the demand for the firm's output is perfectly elastic FALSE, A PERFECTLY ELASTIC DEMAND CURVE IS HORIZONTAL, AND A MONOPOLY'S DEMAND CURVE IS DOWNWARD SLOPINGSynergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity. True/ False?
Answer:
True
Explanation:
Synergy is a concept where it is believed that the combined efforts of two firms will outweigh their individual effect.
This effect may result in increased revenue,decreased costs of operations, increased efficiency and greater customer satisfaction and increased outreach.
Answer: True
Explanation: Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.
Synergy is a concept created so that the collective efforts of two firms outweighs/supercedes the individual effect.
Moon, a farmer, needs to install a two thousand-pound piece of equipment in his barn. This will require lifting the equipment thirty feet up into a hayloft. Moon goes to Davidson Hardware and tells Davidson that he needs some heavy duty rope to be used on his farm. Davidson recommends a one-inch-thick nylon rope, and Moon purchases two hundred feet of it. Moon ties the rope around the piece of equipment, puts the rope through a pulley, and with a tractor, lifts the equipment off the ground. The rope suddenly breaks and the equipment crashes to the ground where it is severely damaged. Moon files a suit against Davidson for breach of the implied warranty of fitness for a particular purpose.
1. What law has many rules governing warranties of goods?a. Uniform Transactions Codeb. Uniform Sales Codec. Uniform Commercial Coded. Uniform Goods Code2. Where do we find a statute that makes these warranties less subject to deception and more understandable?a. state lawb. federal law
Answer:
Explanation:
1. is d
2. is b
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally, and economically different. The firm needs to select a mode of entry that would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International
Answer:
Joint venture
Explanation:
A joint venture is an agreement between two or more parties mostly businesses so as to share markets, intellectual property, assets, knowledge, capital, profits as well as losses. A common phenomenon in which joint venture is used is the partnering up with a local business to enter a foreign market. For example is a company that wants to expand its operations to new countries, can enter into a joint venture agreement with a local business in the new country, thus benefiting from an already existing distribution network
For Axiom International, an Australian company that wants to expand its operations to China, a country that is politically, culturally, and economically different, the mode of entry should be a joint venture with a country in china.
Select the correct answer.
What is brainstorming?
Answer:
(A) Making a list of ideas that come up on the spot, without rejecting any of them.
Explanation:
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