An important factor in the global external environment that has become more evident in the past decade is the shortage of natural resources. Choose two different natural resources and describe how shortages of each of these resources affect global trade.
What will be an ideal response?
Petroleum shortages have caused the transfer of wealth from Japan, the United States, and Western Europe to Norway, Saudi Arabia, and the United Arab Emirates. Other countries such as Indonesia, Mexico, and Venezuela were able to borrow heavily against oil reserves in order to develop more rapidly.
Lack of water will mean that many of Africa's countries will remain importers of foodstuffs because of low agricultural production. The United States, on the other hand, relies on Africa for precious metals, while Japan depends on the United States for timber and logs.
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The strongest brands go beyond attributes or benefit positioning; they are positioned on ________
A) desirable benefits B) service attributes C) status D) values E) customer image
James Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 5 pounds per product Direct labor time standard 3 hours per product Direct materials price standard $9 per pound Direct labor rate standard $8 per hour Standard variable overhead rate $10 per labor hour Standard
fixed overhead rate $11 per labor hour Using the above information provided for James Corporation, the standard unit cost for direct materials is A) $45. B) $10. C) $24. D) $33.
________ remit monies to purchasers after the fact.
A. Allowances B. Allotments C. Offers D. Discounts E. Coupons
According to Bessant and Tsekouras, the advantages of shared learning include:
a. Potential for learning and reflection from different perspectives b. Shared experimentation, which can reduce cost risks c. Shared experiences which offer space for discussion and inquiry d. All of the above