Answer:
The correct answer is letter "A": the social business environment.
Explanation:
The social business environment includes the society inhabitants' believes, customs, and lifestyles. It determines how businesses are handled in different regions worldwide. When it comes to low costs of labor, it might be beneficial for some companies that can open subsidiaries there to lower production costs but it also represents a struggle for some other firms because their products seem unreachable because of the low wages people earn.
Answer:
The correct answer is option A.
Explanation:
The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.
In this linear demand curve the lower portion will represent inelastic demand.
When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.
So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.
Answer:
By using vertical integration, Starbucks' main motive in introducing bakery products is to increase its:
value to customers by improving its product quality and overall organizational performance in the industry, and thus improving Starbucks' value chain.
Explanation:
Vertical integration is a corporate-level strategy which enables a company to own or control the supply, distribution, or retailing process to control the value or supply chain. Some of the advantages of vertical integration include controlling processes, reducing costs, and increasing efficiencies. This type of integration can be contrasted from horizontal integration, where a company acquires similar companies that are operating at the same value chain.
ANSWER: B) Lease the car with a 0 percent down payment.
EXPLANATION: The car Mark wants to buy has a price of $30,000 whereas his savings account has $500 and checking account has $300 which adds up to $800. The amount of money Mark has is only 2.66% of the cost of the car.
If he tries for option A which is buying the car with 10% down payment, then it would not have been possible as 10% of the car price would be $3,000. Mark at this moment will be short of money by $2,200.
If he tries for option B which is leasing with 0% down payment, Mark will be able own the car without paying any money and also saving the entire amount that his savings account and checking account has.
If he tries for option C which is leasing by paying 35% down payment, Mark will need $10,500. He will run short of money by $9,700.
If Mark tries for option D which is purchasing the car by paying 20% down payment, then he will need $6,000 which is impossible for Mark even if he pulls in money from both the accounts. He will run short of money by $5,200.
Answer: C - direct labor and manufacturing overhead.
Explanation: Conversion costs are costs incurred in bringing raw materials to finished products. Its a cost that includes direct labour and manufacturing overheads because they both relate directly to the conversion of the raw materials to finished products.
