A company is assessing opportunities in the BRIC countries and determines that India is one of the youngest populations in the world and is increasingly adopting global attitudes.
Explanation:
The BRIC classification acronym refers to the nations of Brazil, Russia, India and China that are perceived to be developing nations working their way towards becoming developed nations during a similar stage of newly established economic growth.
India is among the youngest people worldwide with such a median age of 26.7 years. Her young people are becoming more and more urban, residing in growing cities and shopping in malls.
There is a shortage of modern facilities and structures to handle India's retail environment. India's population, especially in technical fields, is highly skilled.
In this problem, we need to find the length of an annuity. We already identified the interest rate, the PV, and the payments.
Using the PVA equation: PVA =C({1 – [1/(1 +r)t]} /r
$18,000 = $750{[1 – (1/1.019) t] / 0.019}
Then solve for t:
1/1.019t= 1 − {[($18,000)/($750)](0.019)}
1/1.019t= 0.544
1.019t= 1/(0.544) = 1.838
t= ln 2.193 / ln 1.019 = 32.34 months or 2.7 in years
Depending on where overseas is managers should get to know a little about the cultures, being bilingual would help both managers and employees. Hiring someone who can translate a number of languages would also be a benefit. I'd consider writing out the questions and getting them translated. Managers should come up with no more than 5 questions, it's going to be cumbersome already.
Cultural differences are bound to surface. Some of the ones I would learn about would be; eye contact, hand gestures, physical space, also practice matching there expressions.
At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
Answer:
Coordination Problem
Explanation:
Below is the given values:
Average total cost of producing 10000 chairs = $300
Average total cost of producing 11000 chairs = $325
The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.