Why is it important for companies to market globally?

The idea that economic factors are responsible for most social change and for the nature of social conditions,activities,and institutions is called social inclusion.

Economic influences, the most transcendental is the impact of industrialization.It has revolutionized the entire way of life, institutions, organizations and community life. In traditional production systems, production levels were quite static, as they were geared towards habitual and customary needs.Marxist theory is based on this fundamental assumption that changes in the economic infrastructure of society are the main drivers of social change.For Marx, society consists of two structures, infrastructure and superstructure.Economic factors are an important factor in social change.Marx said that the entire social structure of a country is determined by economic factors,that is,the means of production and distribution of material means of production and distribution.

To learn more about social inclusion please click on below link.

https://brainly.com/question/742024.

#SPJ4

Hospitality has become a global village, embracing inclusion and diversity. The hospitality industry has evolved to recognize the importance of creating an inclusive environment that accommodates and welcomes guests from all cultures and backgrounds.

This has led to a more diverse and culturally rich experience for both guests and employees. By embracing diversity, the hospitality industry is able to offer a wide range of experiences and services to its guests, creating a more dynamic and appealing industry. Inclusivity and diversity in hospitality help promote cultural understanding, break down barriers, and foster a sense of community. This not only benefits guests but also enriches the working environment for employees and contributes to the overall success of the industry.

Learn more about diversity :

https://brainly.com/question/7063191

#SPJ4

If the price level doubles, the value of money falls by 50 percent. This means that the purchasing power of money is reduced when prices increase. When prices rise, each unit of currency is worth less in terms of the goods and services that it can purchase.

This relationship is known as the inverse relationship between the price level and the value of money. In the case of a doubling of the price level, it means that the purchasing power of money has been reduced by half, and it now takes twice as much money to purchase the same basket of goods and services as before. This has important implications for households, businesses, and the overall economy, as it affects the cost of living, inflation expectations, and monetary policy decisions. Understanding this relationship is crucial for individuals, businesses, and policymakers to make informed decisions about spending, saving, and investment.

Find out more about  price level

brainly.com/question/14284299

#SPJ4

After the interest rate change, consumers are better off. Consumption of products happens gradually over the time rather than all at once.

An increase in interest rates has the effect of rotating the budgetary restriction around the issue (M1, M2). Keep in mind that this point is always true, meaning that using one's own endowment is possible. Whether a consumer is a lender or a borrower will determine how an increase in interest rates will affect them. The consumer's desire for earlier versus later consumption as well as their incomes determine whether they are net lenders or borrowers. A net lender gains from a rise in interest rates. The cost of Period 2 consumption has decreased, and the lender now has more income. Therefore, the lender would consume more in the second period, but only if the income effect overcomes the substitution effect does the lender consume more in the first period (lend less).

Learn more about consumption here:

https://brainly.com/question/14933604

#SPJ4

False. In the presence of near substitutes, demand is more elastic.

According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.

The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.

Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.

Learn more about cross elasticity of demand: https://brainly.com/question/28272000

#SPJ4

Hindsight bias (also called the "I-knew-it-all-along phenomenon") is the tendency to believe, after learning an outcome, that we would have foreseen it.

When new information about an experience changes how we remember it, we experience hindsight bias. We selectively recall only that information that supports our beliefs or knowledge. Then, we fail to carefully examine the outcome (or the reason for the outcome) if we believe we already knew what would happen. The practice of revising an outcome's probability after the fact is known as hindsight bias. People have a propensity to overstate the extent of their predictions after learning the outcome. Predicting the weather or the outcome of elections are just two examples of situations where these biases can be found. Overconfidence and anchoring are the root causes of hindsight bias. We use the knowledge of the outcome as an anchor to bind our prior judgments to the outcome after an event. Science may also play a role in the problem. It's possible that adaptive learning is the root of hindsight bias, rather than just poor information processing.

To know more about Hindsight bias visit

brainly.com/question/5225966

#SPJ4

The Return on Equity (ROE) of Precision Aviation is 14.4%.

A company's Return on Equity (ROE) is determined by dividing net income by total equity. The formula is:

ROE = Net Income / Total Equity

We must first determine the Net Income of Precision Aviation before we can get the ROE. The Profit Margin (8.00%) must be multiplied by the Total Assets Turnover (1.5) and the Equity Multiplier (1.8) to accomplish this:

Net Income = Profit Margin x Total Assets Turnover x Equity Multiplier

Net Income = 0.08 x 1.5 x 1.8

Net Income = 0.144

We can now determine Precision Aviation's Return on Equity (ROE):

ROE = Net Income / Total Equity

ROE = 0.144 / Total Equity

ROE = 0.144 / Total Equity

As a result, Precision Aviation's Return on Equity (ROE) is 14.4%.

To know more about the Return on Equity visit:

https://brainly.com/question/13082832

#SPJ4

An example of an external factor that should be considered when forecasting to determine the number of people to be recruited is the state of the economy.

Here, correct answer will be

By assessing the current state of the economy, employers can get a better understanding of the level of economic activity and the job market, which in turn can give an indication of the number of people needed to be recruited.

For example, if the economy is doing well, there are likely to be more job opportunities available and hence more people needed to be recruited. On the other hand, if the economy is weak, there may be fewer job opportunities and fewer people needed to be recruited.

As such, it is important to consider the economic environment when forecasting the number of people needed to be recruited.

Know more about Economy here :-

https://brainly.com/question/22518840#

#SPJ11

According to the life-cycle hypothesis and permanent-income hypothesis  the income will vary over a person's life. This means consumers save more when income is more and less will save when income is low.

The life-cycle hypothesis (LCH) is an economic theory that suggests that individuals have a tendency to maintain the same level of spending over time.

They achieve this goal by borrowing in when they're younger and their income is low, saving during their middle years when income is high, and living off their assets in their older years when income is low again.

According to the life-cycle hypothesis and permanent-income hypothesis  the income will vary over a person's life. This means consumers save more when income is more and less will save when income is low.

Learn more about life-cycle hypothesis here:

https://brainly.com/question/18722046

#SPJ1

Norma Manufacturing Company leases an asset to Maren Inc in a sales-type lease. At the beginning of the four-year lease term, Norma should recognize a profit of $40,000.

Calculation:

The present value of the lease payments = $200,000 - the cost of the leased asset = $160,000.

So,

-$200,000 - $160,000 = $40,000

Hence, profit is $40,000.

When a lease of this sort is terminated before to the end of its term, the lessor is required to determine whether the lease's net investment has been impaired and, if so, to record an impairment loss. Reclassify the lease's net investment into the most suitable fixed asset category after that. The residual asset and lease receivable have their carrying amounts added together to create the reclassified asset.

The lessor transfers its net investment in the lease to the most suitable fixed asset account at the conclusion of the lease term.

Learn more about lease here:

https://brainly.com/question/16015619

#SPJ4

In testing plant and equipment balances, an auditor inspects new additions listed on the analysis of plant and equipment to obtain evidence concerning management's assertions regarding the completeness of the plant and equipment balances.

This procedure is important because it helps the auditor to determine whether all assets have been recorded and if the additions are recorded at the correct cost. By reviewing the new additions, the auditor can obtain evidence to support the accuracy and completeness of the plant and equipment balances. The auditor can also check if the assets were recorded at the correct cost and if the cost was calculated using appropriate methods. This evidence is used to form an opinion on the reliability of the financial statements, which is important in providing assurance to stakeholders that the information presented is accurate.

Learn more about auditor :

https://brainly.com/question/28457117

#SPJ4

As a result, he bought less frozen burritos each week. Frozen burritos would be regarded as a typical good by Corbin.

What are typical products?

A typical good is one whose demand increases in direct proportion to consumer income growth. When consumer income rises, so does the demand for common commodities. For typical products, demand and income are positively connected. Typical products include things like food, clothing, and household appliances.

Because the price elasticity of demand (PED) for normal items is negative and the income elasticity of demand (IEOD) coefficient is positive (YED). a product whose demand rises as income levels do (or less when their income falls).

To learn more about normal good visit;

https://brainly.com/question/24182604

#SPJ4

The process by which an underwriter tries to ascertain the price at which an initial public offering (IPO) will be launched is called book building.

By asking institutional investors (such as fund managers and others) to submit bids for the number of shares and the price(s) they would be ready to pay for them, an underwriter, typically an investment bank, develops a book.

In practice, firms now price their IPOs through book building rather than the "fixed pricing" strategy, in which the price is decided before investor participation. In order to arrive at an issue price that would satisfy both the firm providing the IPO and the market, the price discovery process first entails creating and tracking investor demand for shares.

All of the major stock exchanges highly advocate it as the most effective method of pricing equities.

Learn more about Initial Public Offering here

https://brainly.com/question/29987692

#SPJ4

The Corporate Social Responsibility (CSR) framework is a tool that helps firms to identify their economic, legal, ethical, and philanthropic obligations to society.

Here, correct answer will be

This framework provides a structured approach for assessing and addressing the company’s impacts on the environment, employees, customers, communities, and stakeholders. It helps companies to identify opportunities to improve their operations and to create a positive impact on society.

CSR also helps companies to manage their risks and build trust with stakeholders. Additionally, it helps to define and measure the company’s commitment to sustainable development and create a positive public image. Finally, CSR encourages companies to develop innovative solutions to social and environmental problems.

By following the CSR framework, businesses can demonstrate their commitment to creating a sustainable future while also benefiting from increased profits.

Know more about CSR here:-

https://brainly.com/question/30564123#

#SPJ11

A single illustration of a genuine global product and a regional product. is TVs, pharmaceuticals, and pizza are examples of regional products.

These need to be adjusted to the destination's culture, preferences, and technological capabilities. For instance, a pizza in the US, Israel, or India is very dissimilar from one in Italy.

Gross-regional type of product (GRP) is a unit of measurement used to express the market value of all completed products and services generated in a region or division of a country during a specified time period (quarterly or annually) (GRP).

Regionalism is the political focus on a particular area within a country. The belief that people from the South and New England are distinct from one another is an illustration of regionalism in the United States.

Learn more about regional product Visit: brainly.com/question/14686902

#SPJ4

The investor would have gained $4,320 in profit after three years, assuming no other costs or changes to the stock price.

If an investor buys 600 shares of a stock at a price of $18 per share, the total cost of the investment would be :

600 * $18 = $10,800.

Three years later, if the value of each stock increased by 40%, the new value of each stock would be:

$18 * (1 + 0.40) = $25.20.

The total value of the 600 shares would then be

600 * $25.20 = $15,120.

Therefore, the investor would have gained $15,120 - $10,800 = $4,320 in profit after three years, assuming no other costs or changes to the stock price. This calculation assumes that the 40% increase in stock price was realized over the course of three years, and that the investor did not sell the stock at any point during that time.

Learn more about investment :

https://brainly.com/question/15105766

#SPJ4

During your first day on the job, the best informal information gathering technique for responding to a customer inquiry regarding an extended warranty would be to talk to a coworker or mentor who has more experience and knowledge in that area.  

This technique, also known as "asking around" or "colleague consultation," involves seeking information or advice from people in your network who have the relevant knowledge or experience. In this situation, talking to someone with more experience in handling extended warranty inquiries can provide you with valuable information and guidance that can help you respond to the customer's inquiry effectively and confidently.

You can learn more about informal information gathering technique at

https://brainly.com/question/14996548

#SPJ4

The answer is false, a customer benefits package (CBP) consists of goods or services coupled with peripheral goods and/or services is false.

A person or firm that purchases goods or services from another company is known as a customer. Customers are crucial because they provide revenue; without them, firms would cease to exist.

It's a description of the kind of consumer who would gain the most from your offering and deliver the greatest value in return. The kind of consumer you'll concentrate your energies on gaining within a certain timeframe is your ideal customer, as stated in your ICP.

To know more about Customer visit:

https://brainly.com/question/13735743

#SPJ4

Marriott reported the debt as a long-term liability on its balance sheet.

Marriott's decision to report the debt as a long-term liability on its balance sheet is justified because they have the ability and intent to refinance the outstanding borrowings on a long-term basis when the Credit Facility expires.

This indicates that Marriott is not expecting to pay off the debt in the short-term, and so it is appropriate to classify it as a long-term liability.

The primary advantage of classifying the debt as a long-term liability is that it allows Marriott to spread out their debt payments over a longer period of time. This allows the company to use their cash more efficiently and can help to improve their financial position.

Learn more about Credit Facility at: https://brainly.com/question/28279329

#SPJ4

To maintain an acceptably low level of audit risk, the author may Reduce control risk by performing more tests of controls and placing more reliance on client internal controls.

In the term of economic and business, Audit risk as per ISA 200 generally can be defined as the risk that the auditor expresses an inappropriate opinion when the financial statements are materiality misstated. There are several aspects that included in audit risk, such as Inherent risk, the risk involved in the nature of business or transaction. The audit risk can be classified into several types, such as inherent risk, control risk, acceptable audit risk, and detection risk.

Here you can learn more about audit risk https://brainly.com/question/13813173

#SPJ4

Justin, a licensed social worker, is a partner in a private practice that serves clients using a sliding scale.This arrangement is most likely a sliding fee scale model.

This type of model adjusts the fee for service based on the financial situation of the client or client system, making mental health services more accessible to individuals or families who may not be able to afford traditional therapy services.

Sliding fee scales are a common approach used by community mental health centers, social service agencies, and private practices serving low-income or underserved populations.

To know more about scale model here

https://brainly.com/question/15281376

#SPJ4

the budgeted accounts payable balance for June 30 is $644,000 at 60% of purchases and 40% paid.

To calculate the budgeted accounts payable balance for June 30, we need to determine the amount of each month's purchases that will be paid in the following month.

March: $317,000 * 40% = $126,800

April: $370,000 * 40% = $148,000

May: $424,000 * 40% = $169,600

June: $499,000 * 40% = $199,600

The total amount of purchases that will be paid in the following month is

= $126,800 + $148,000 + $169,600 + $199,600

= $644,000

Accounts payable is a liability account that represents the amount of money a company owes to its suppliers for goods or services it has received but not yet paid for. It is a critical component of a company's financial management and plays a key role in maintaining positive relationships with suppliers.

learn more about accounts payable here

https://brainly.com/question/14438810

#SPJ4

We're here to outline the five main distinctions between these types of insurance. Principal objectives: A mutual insurer's major goal is to consistently retain sufficient capital to satisfy the demands of policyholders.

On the other hand, a stock insurer's primary objective is to increase profits for its stockholders.ensuring that the policies are adhered to and that organisational standards are reached. An insurance policyholder may hold both the insurance company and an individual agent accountable when it comes to insurance agents. This is mainly because insurance firms are represented through agents, and a principal's liability for an agent's carelessness extends to both parties. The only aim of a mutual insurance firm is to benefit its policyholders. A mutual insurance may issue policyholder dividends to policyholders when premium revenue exceeds loss and expenditure payments.

To learn more about insurer's click the link below:

brainly.com/question/27822778

#SPJ4

Answer:

Explanation:

Benefits of using the learning organization approach to design:

Encourages continuous learning and development

Increases flexibility and adaptability to changes

Promotes innovation and creativity

Fosters a sense of collaboration and teamwork

Improves problem-solving skills and decision-making abilities

Enhances employee engagement and motivation

Leads to improved performance and productivity

However, there are also potential problems that can arise with the use of the learning organization approach. These include:

Resistance to change: Some employees may be resistant to the changes required to implement a learning organization approach, which can lead to frustration and resistance.

Risk of failure: The approach requires a willingness to tolerate mistakes and experimentation, which can result in potential failures and mistakes that could be costly to the organization.

Time-consuming: Building a learning organization requires significant investment in time and resources, including training and development programs and regular feedback mechanisms, which can be expensive and time-consuming.

Lack of leadership support: To be successful, the approach requires strong leadership support and commitment, and without this, it may not be effective.

Limited applicability: The approach may not be suitable for all types of organizations or industries, and therefore its applicability may be limited.

Answer: So they don't waste their money on things they don't need.

Explanation: If consumers don't know the difference between a want and a need they will make poor decisions so it is highly important to distinguish the two.

The loan origination fee that Amy will have to pay is $5,125.

A mortgage lender will charge you a fee called a loan origination fee in order to process your loan. Normally, it represents 1% of your overall loan debt. To cover the expense of processing, underwriting, and carrying out your loan, almost all lenders impose origination fees.

The lender charges the borrower an origination fee in exchange for making the mortgage loan. The loan underwriting, funding, and other administrative services may all be included in the origination cost. Under general, origination fees can only go up in limited situations.

To calculate the loan origination fee, we need to first find 1.25% of the loan amount, which is $410,000.

1.25% of $410,000 = $410,000 * 1.25%

= $410,000 * 0.0125

= $5,125

So, the loan origination fee that Amy will have to pay is $5,125.

To know more about loan here

https://brainly.com/question/11794123

#SPJ4

For planting various varieties, there are a variety of options that will ultimately determine their success. Nyce Vineyards should use: decision theory. when deciding between the options to make the best pick.

Nyce Vineyards is assessing how climate change may affect the many varieties of grapes it grows. The LaPlace Principle assumes equal probability for uncertain events. Pessimistic decision-makers, who take the most conservative strategies, adhere to this principle.

A technique for contrasting during climate change is the likelihood that something will affect a particular group with the likelihood that it will effect the entire population. Nodes come in three varieties: end nodes, decision nodes, and chance nodes. A circle-based chance node illustrates the likelihood of various outcomes.

Learn more about climate change Visit:  brainly.com/question/1789619

#SPJ4

In a message to a group, the final sentence should be applicable to everyone. But when you are writing to one specific person you should keep it short and sweet addressing that particular person with a proper salutation.

It should be upbeat, individualized, and prospective. This conclusion should be personalized for the reader and the message the letter conveys. Use this last section wisely to draw the reader's attention to the advantages of your material, etc, as it will be the last thing they will read.

Use a positive tone and only pertinent, straightforward, and brief information while writing a positive message. When reading the message, readers may have questions that the information presented should be able to address.

Learn more about salutation here brainly.com/question/13008556

#SPJ4

Jasmine contributed $80,000 to real GDP in 2019. Jasmine contributed $99,000 to real GDP in 2020.

In 2019 Jasmine contributed $80,000 to the nominal GDP (4,000 manicure sets x $20 per nail set).

In 2020, Jasmine contributed $99,000 to the nominal GDP (4,500 nail sets at a cost of $22 each).

Real gross domestic product (GDP) is a measure of an economy's output of all products and services over the course of a year, adjusted for inflation.

Base-year prices are used to express real GDP. It is also known as GDP in constant prices, GDP that has been adjusted for inflation, and GDP in constant dollars.

Simply expressed, real GDP corrects for price fluctuations and estimates the total economic production of a nation.

To know more about the Real GDP visit:

https://brainly.com/question/15682765

#SPJ4

Sales taxes and excises—aside from those on luxuries—tend to be regressive since less personal income is consumed or spent on a given commodity as personal income levels rise.

When imposed as a fixed amount per population, poll taxes, also known as head taxes, are undoubtedly regressive.Taxes can frequently be charged to customers' credit cards at the moment of purchase thanks to laws.Use taxes are the name given to taxes on goods and services that consumers pay directly to a government organisation. The list of goods and services that are typically exempt from the sale and use tax includes food, education, and healthcare. A sales tax is similar to a value-added tax (VAT), which is levied on products and services. Compared to sales tax, there are big differences. Aside from those on luxury goods, sales taxes and excises typically have a regressive effect due to the percentage of personal income.

Learn more about sales tax :

https://brainly.com/question/28446665

#SPJ4