The answers are as follows:
1. When Peter Metcalf describes black diamond manufacturing facility in China as 'greenfield project', he means that BLACK DIAMOND BUILT THE PLANT AND OWNS IT COMPLETELY. Of all market entry strategies, this one carries the HIGHEST risk.
A greenfield project refers to a new facility or industrial plant that is built in a location where no such facility exist before. This means that such companies are usually the first of its kind in that environment. Such investment usually involves huge amount of money and other resources as the company has to build from scratch up. This type of market entry is considered to be very risky because it involves a lot of money and all this could be lost if things don't work out as planned.
2. The following advice should be given to Peter, Thomas and Wim:
I. Recruit local people to work as sale people and distributors.
II. Research what people with annual income of less than US $1,500 really need.
III. Assign Research and Development the project of developing gears that meet the basic needs for warmth and dryness but can be manufactured inexpensively.
Since these three people intend manufacturing for people of lower income in the society, they have to take the above listed steps in order to reduce the amount of money spent during the production process and distribution period so that they will be able to make profits from the venture.
Answer:
b. Reengineering
Explanation:
Business Process Reengineering or Business Process Redesign (BPR) involves radical overhaul of company's core business processes, work, jobs, etc to achieve radical performance improvement in terms of quality of service, cost reduction, productivity etc. Company's start from zero and re-think all the processes.
<em>Restructuring:</em> It is significant change made to operational process or structure of a company when the company is facing financial pressure.
For Example Debt Restructuring involves change in terms of debt and creating a way to pay off debt.
<em>Downsizing:</em> Downsizing involves terminating multiple employees at the same time to save money.
<em>Delayering:</em> It is a way to remove one or more levels of hierarchy from the organisational structure. It is a way to flatten the organisation's structure.
<em>Recruiting:</em> It is process of finding and hiring the qualified and suitable people for a given job.
Answer choice D is punctuated correctly due to the use of the long dash between the words year and summer.
Answer:
Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.
Explanation:
In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.
Answer:
1. Figure out your net income
2. Determine if you have enough income to cover all your expenses
3. make list of variable expense
4. make list of fixed expenses
5. adjust expense
done !