Ñ4 may be considered a necessary introduction before negotiations begin,When conducting business in many parts of Asia, aln)whereas in the United States or Canada, it may be considered as a(n).Mutiple Choicegin/legal bribereference/waste of timestatement of intent/contractbusiness plan/obligationmeal together/unnecessary custom

The most important aspects must be taken into consideration to confirm that likely problems are…

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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> Question 11 For a maximization problem, the optimistic approach often is referred to as the maximin maximax minimin minimax approach.
QUESTION 8 Consider a market with an incumbent firm and a new entrant E producing a homogenous product and competing in quantities. The incumbent has a technology with cost function C(q)-30q while the entrant produces with CE(q)=20q. The inverse demand is given by P(q)=180-q. Suppose the entrant is credit-constrained and has to repay an amount of D-400 at the end of the period. If the entrant is not able to cover this amount with its profits, the firm has to leave the marketplace. What is the minimum quantity qi that makes sure the entrant is unable to repay the amount of D=400? [Please use the next smallest integer. That is instead of 50+epsilon, use 50.] 8
Question 47 Different levels of supply chain analytics include Descriptive, Predictive, Prescriptive, and Cognitive analysis. ents O True O False Question 48 Course ACE) Integrated carriers provide door-to-door service, a consistent schedule of pickup and delivery windows, and standard expedited service through their hub-and-spoke networks. Nonintegrated carriers provide on-demand, air-only service from airport to airport. They rely on freight forwarders or the customer to provide delivery service to and from the airport True O False
Topic: Threats and controls of the disbursement cycle Lourdes works at the manufacturing company General Grains, Inc., where she serves as an inventory control employee. One of her tasks is to create orders for the necessary raw materials for manufacturing. Therefore, she periodically checks inventory levels from a computer in her office within the warehouse. Once she identifies the items that need to be restocked, she reviews the list of suppliers, selects one, and creates a purchase order from her computer, adding a new entry to the purchase orders file. Additionally, she prints a copy of the purchase order and sends it via mail to the supplier. As a final step, Lourdes sends an email to the accounts payable officer and the receptionist, providing them with a link that grants access to the purchase order from their respective computer terminals. All company computers are networked to a centralized accounting system, giving all involved parties access to the same information. When the…
Question 1Explain Vernonâ€™s product cycle in terms of the global development of the market for pharmaceuticals and software and the development of the Indian drug and software industries.Question 2Explain Porterâ€™s Diamond and how Nokiaâ€™s development as an international mobile telcom company illustrates it.Question 3Large MNEs dealing in multiple markets constantly face exchange rate issues that if not properly managed can have severe adverse consequences. Explain how the VW and JAL cases illustrate this point and how they could have better managed their exposures.Question 4Explain Absolute, Comparative and Competitive Advantage and how Intel and Toyota are examples of all three concepts.Question 5Explain briefly the US Foreign Corrupt Practices Act, why it applied to a foreign company such as Siemens, Siemensâ€™ corrupt practices, how it was caught and prosecuted, and how and…
QUESTION 12 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of minimax regret? Alternatives Large Inventory Small Inventory Probability O A) -$2,000 O B) $130,000 O C) $0 O D) $20,000 O E) $153,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only faces underage risk. Supplier faces both underage and overage risks. Suppliers tend to produce less than the supply chain optimal quantity. The retailer has to purchase at least the quantity it reports to the supplier. QUESTION 2 Assume that the firm can source from 2 faraway suppliers (each has Lead time = 4 months, capacity=60 k) and 2 Closeby suppliers (each Lead time =0 month, capacity=40k). The sales season starts in May. Which of the following statements regarding sourcing is INCORRECT? The production change should be only applied to the Closeby supplier so that the firm can benefit from the change in time. The production at the Faraway supplier should start in January and the production at Close-by supplier should start in May. The firm should source from a combination of one faraway supplier and one close-by…
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may be considered a necessary introduction before negotiations begin, When conducting business in many parts of Asia, aln) whereas in the United States or Canada, it may be considered as a(n)