International trade allow more efficient use of ____________ resources.
Fill in the blank(s) with the appropriate word(s).
Scarce
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Why are you, as a student, already somewhat of a marketing expert before taking this course? Provide a specific example from your own personal experience and relate it to something you just "formally" learned about marketing.
What will be an ideal response?
A multidivisional structure consists of a
A. decentralized structure with of a set of operating divisions organized along business, product, customer groups or geographic lines, and a central corporate headquarters that allocates resources, provides support functions, and monitors divisional activities. B. centralized structure combining corporate overhead with support functions. C. decentralized format of senior executives with large overhead staff to manage and control all the business lines. D. centralized structure that controls the coordination across the more diversified and complex functions within the organization. E. decentralized structure or divisional structure that monitors performance and allocates funding to those divisions wanting to grow.
Janko Wellspring Inc. has a pump with a book value of $24,000 and a four-year remaining life. A new, more efficient pump, is available at a cost of $45,000. Janko can also receive $8,000 for trading in the old pump. The new pump will reduce variable costs by $10,000 per year over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are:
A. $8,000. B. $40,000. C. $16,000. D. $24,000. E. $10,000.
Belgian Beer brewer InBev bought Anheuser-Bush for $52 billion. This is an example of a _____.
A. export B. joint venture C. franchise D. licensed agreement E. direct foreign investment