The answer is import. The car was made in Japan but bought by Americans. The car was exported by the Japanese and later imported by the Americans. The Americans would pay in dollars and then this would be converted into yens by the Japanese.
Answer:
Lies below its demand curve and is steeper than its demand curve.
Explanation:
The marginal revenue curve for a monopolist lies below the demand curve because of the quantity effect. The quantity effect refers to the fact that even a monopolist must lower its price if it wants to sell a larger quantity of goods or services.
The slope of the marginal revenue curve is steeper than the demand curve because it reflects the market power of the monopolist. Instead, the marginal revenue curve for a perfectly competitive firm (with 0 market power) is horizontal or perfectly elastic.
b. Will you advise borrowing short or long term?
Answer:
a. Interest rate will rise.
b. Borrowing on short term
Explanation:
A. The interest rate will likely go up if government embark on major infrastructure plan in the future. The reason for the rise is that it`s assumed that government will borrow to finance the infrastructure plan and when government borrows, there will be less money in the economy which will make credit scarce and interest rate to rise because of the depleting credit level in the economy.
B. I will advise to borrow on short term because of the impending rise in interest rate. If borrow on short term, the fluctuation in the interest rate will unlikely affect the short term facility. In contrast, if borrow on long term, the impeding rise in the interest rate might increase finance cost for the firm in servicing the facility and also erode the facility value.
Answer:
Management by working around
Explanation:
It is Management by Walking Around. MBWA, it actually means that managers spend some part of their time listening to problems and ideas of their staff, while wandering around an office or plant.
Management by Walking Around is a term that was coined by Tom Peters. From his study of successful companies and their practices, Tom Peters observed that good managers tend to communicate a lot better with their team. Doing that in informal ways, like just hanging around in the office and chatting with them, rather than having formal interaction sessions in their boardrooms. The founder of, Walmart, was a great exponent of this practice. He believed in visiting as many of his stores as many times as possible and talking to frontline staff. The founder of House ofTara, a make up outfit goes round her stores and even works there just as to see the business through the eyes of the frontline staff
The idea of this practice is to listen. You must also respond to ideas or problems voiced and take effective action about them.