Business

AVC MR 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Consider the graph above. If this company produces at the profit maximizing/loss minimizing level of output, it will experience should zero economic profit, continue doing business economic loss, continue doing business economic profit, continue doing business economic loss, shut down zero economic profit, shut down economic profit, shut down

EXPERT ANSWER Setting P=MC, the firm will produce 9 units where Price is less than ATC but greater than AVC so it is making losses but continue doing business Option(D)

International Business Question 5. Rank the four international strategies. Describe why you have chosen the highest ranked strategy.

EXPERT ANSWER The international strategies are ranked as follows: 1. Multinational Corporation (MNC) strategy. 2. Global strategy 3. Multi domestic strategy. 4. Transnational strategy. There are the following reasons to chose highest-ranked strategy as Multinational Corporation strategy: 1. The companies following such a strategy find it easy to reach their target market as compared to …

International Business Question 5. Rank the four international strategies. Describe why you have chosen the highest ranked strategy. Read More »

Preparing a bank reconciliation is an important internal control for a business. Question 13 options: 1) True 2) False

EXPERT ANSWER 1) True Since if bank reconciliation is performed by person other than those employees involved in handling cash i.e recording receipts and payments then it will result in segregation of duties which will ultimately result in finding the dishonest efforts of employees and will keep a check on those employees. Employees would be …

Preparing a bank reconciliation is an important internal control for a business. Question 13 options: 1) True 2) False Read More »

Normally, each subsidiary of an MNC will issue its own stock where it does business. Question 6 options: True False

EXPERT ANSWER Ans FALSE Subsidiary are generally owned and controlled by their holding companies. In 100% subsidiary company 100% of the shares are hold by their holding company and there is no chance that the subsidiary can itself issue new shares. Similarly in other subsidiaries the power to issue of share is taken by the …

Normally, each subsidiary of an MNC will issue its own stock where it does business. Question 6 options: True False Read More »

Business Question 1) Would there be a refrigerator market for bottom-of-the-pyramid customers? Why or not?

EXPERT ANSWER BOP (Bottom of Pyramid) is the group of people who belong to poorest socio economic condition. As the people hardly have money to fulfill their basic need of food, shelter & clothing, spending on luxury items like Air conditioner, Television etc. is a distant dream. But, the refrigerator is a product which now …

Business Question 1) Would there be a refrigerator market for bottom-of-the-pyramid customers? Why or not? Read More »

Discuss the role of clustering in Data Mining, and the types of business questions one can address with these algorithms.

EXPERT ANSWER Data mining focuses using machine learning, pattern recognition and statistics to discover patterns in data. Clustering would fall into the machine learning / pattern recognition realm. It is important to remember there are 2 types of machine learning algorithms: 1. Supervised Learning – These include machine learning algorithms that have variables used as …

Discuss the role of clustering in Data Mining, and the types of business questions one can address with these algorithms. Read More »

Subject: International Business Question: The total number of Incoterms as of 2015 is?

EXPERT ANSWER Incoterms or International commercial terms-The total number of Incoterms in 2015 are 11. These are internationally recognized terms of trade used in a sales contract. It is used to define the following: Assign responsibility for transportation of goods, taxes, insurance The point where goods should be picked up and where they should be …

Subject: International Business Question: The total number of Incoterms as of 2015 is? Read More »

Class: International Business Question: Explain the elements that lead to the increased complexity of globalization.

EXPERT ANSWER One of the most essential change phenomena is globalization, accompanied byregionalization (the European, American, and Asian blocs) and fragmentation (nations’desire to be independent, like the nations of the former Soviet Union and Yugoslavia).By globalization is meant the process that is leading to the situation where most of thestates in the world belong to a …

Class: International Business Question: Explain the elements that lead to the increased complexity of globalization. Read More »