Business

Discuss 2 applications of differentiation and integration in business & economic context

EXPERT ANSWER Applications of differentiation in business and economics. In an economic situation, consider the variables are price and quantity. Let p be the unit price in rupees and x be the production (output/quantity) of a commodity demanded by the consumer (or) supplied by the producer. Application of Integration in Economics and Commerce. Integration helps …

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At the profit maximizing/loss minimizing quantity of output, XYZ Corp. sells its product for $45 per unit, has average total cost per unit of $40, and has average variable cost per unit of $35. If XYZ Corp produces at the profit maximizing/loss minimizing level of output, it will experience _____ and should _____. zero economic profit, shut down zero economic profit, continue doing business economic profit, continue doing business economic loss, continue doing business economic loss, shut down economic profit, shut down

EXPERT ANSWER A firm continues to run until it is making a profit. It is given to us that XYZ corp. will sell its products for $45 whereas it’s average total cost per unit is $40.Here, Price > ATC, which means that the firm is making an economic profit and they will continue doing their …

At the profit maximizing/loss minimizing quantity of output, XYZ Corp. sells its product for $45 per unit, has average total cost per unit of $40, and has average variable cost per unit of $35. If XYZ Corp produces at the profit maximizing/loss minimizing level of output, it will experience _____ and should _____. zero economic profit, shut down zero economic profit, continue doing business economic profit, continue doing business economic loss, continue doing business economic loss, shut down economic profit, shut down Read More »

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 …

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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 »