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Mkey [24]
2 years ago
8

Company G takes advantage of the Internet and flexible manufacturing to create products that vary depending on the market it is

sold into. This demonstrates Company G's focus on
Business
1 answer:
fiasKO [112]2 years ago
6 0

Answer:  localization

Explanation: In simple words, localization refers to the prices in which a commodity is made in such a way that it matches with the taste and preference of local consumers that are actually targeted by the company.

            Localization helps a firm to sell its product by making individuals feel connected to the product on cultural basis. Localization instantly makes the customer feel that the offered product can be used in his or her daily life.

       Food chains like McDonald and subway providing extra spicy products in their menus in amaretto of India is a prime example of localization.

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The value of a business owner's time is an example ofa. an opportunity cost. b. a fixed cost. c. an explicit cost. d. total reve
Olenka [21]

Answer: Opportunity cost

Explanation:

A. Opportunity cost can be defined as the next best alternative foregone , it is the cost of profit the business looses while choosing one alternative over other.

B. Fixed cost are those cost that do not change with the level of output produced in the firm.

C. In simple words the direct costs a business pay to the outsiders for running its operations is called explicit cost.

D. Total revenue is the amount of income a company has before deducting its expenses occurred to earn that income.

So from the above explanations we can conclude that  value of a business owner's time is an example of  opportunity cost.

4 0
2 years ago
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
gizmo_the_mogwai [7]

Answer:  Megabus being a late mover in the US, has allowed the company to learn from past mistakes by companies such as Greyhound, who filed for bankruptcy in the mid 90's and who lost most of it's business due to poorly maintained terminals, high prices for fares and unsafe conditions. Mega bus's advantages include fares as lows as 1 dollar, free wi-fi, stylish buses and power outlets. They Can offer these low fares since the company eliminated purchase Windows for tickets, selling tickets online only and by eliminating expensive terminal operations by dropping off and picking up riders at sidewalk stops like public bus operators. There are few disadvantages besides the fact that rising gas prices affect travel and low fare prices affect revenue if quantity is not met   .

Advantages - 1. Affordable  2. Pretty scenery 3.You get what you paid for

Disadvantages-1. Uncomfortable 2. It’s Either Freezing or Sweltering  3. Odd People

2. Yes it has own Overwhelming resources and capabilities  3. Train

Explanation:

4 0
2 years ago
A cereal company's cost, in thousands of dollars, is represented by the function C ( x ) = 2 x + 4500 and its revenue, in thousa
maxonik [38]

Answer:

31,500

Explanation:

Cost function, C (x) = 2 x + 4500

Revenue function, R (x) = 5 x

Profit = Total revenue - Total cost

         = R(x) - C(x)

         = 5 x - [2 x + 4500]

         = 3 x - 4,500

If company sells 12,000 boxes, then profit will be:

=  3 x - 4,500

= 3(12,000) - 4,500

= 36,000 - 4,500

= 31,500

Therefore, 31,500 is the profit earn by the company by selling 12,000 boxes of cereal.

5 0
2 years ago
A sales firm regularly enrolls some of its employees in a six-month marketing course with a leading university. At the end of th
Firlakuza [10]

Answer:

Externship

Explanation:

Externship refers to an agreement between the employer and university wherein the university imparts skills required by the employer from employees which relate to a particular job designation.

Externship enables the employees to gain a short term practical knowledge which is related to their job position. Externship, unlike internship is for a shorter duration and during such a course the volunteered employees supervise the learning process of the externs.

Such a concept is also referred to as Job shadowing.

7 0
2 years ago
The lower a firm's inventory turnover, the longer it takes the firm to collect payment on its sales. a. faster the firm collects
Doss [256]

Answer:

The answer is C. longer inventory sits on the firm's shelves

Explanation:

The Inventory turnover is the number of times inventory is sold or used during a given period of time.

The formula is:

cost of goods sold/average inventory.

A lower inventory turnover means weak sales(declining sales) and excess inventory remaining in the warehouse while a higher inventory turnover means it is taking a firm short time to sell its goods(inventory)

4 0
2 years ago
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