Discuss why you would not expect all industries to have a similar relationship to the economy. Give an example of two industries that have different relationships to the economy.

Q: Different business units within the same firm will face significantly different competitive…

A: My answer and explanation can be seen below:

Q: One of the ways to analyze a company’s financial performance is to compare its performance with…

A: The financial performance of the company means the measurement of the company activities in an…

Q: Institution-based view argues that the success and failure of firms are enabled and constrained by…

A: Institution-based view refers to the view that devises strategic choices as a product of the dynamic…

Q: What is globalization? What modes of international business are used by firms that want to…

A: Note: As per our guidelines, we can only answer one question at once. Please post other questions…

Q: How the Alibaba company is different from most Western companies?

A: Alibaba Group’s mission is to make it easy to do business anywhere. Alibaba Group operate leading…

Q: Which of the following statements about producers is false? O a. All the goods and services consumed…

A: Answer-    The Incorrect Statement is Option A about producers. Reason being some of the goods and…

Q: What information would one use to determine the type of economic system that a country has?…

A: The information required would be the breakdown on who owns the business in the country and how much…

Q: Which statements are TRUE? 1. Minimum wage laws check the problem of purchasing power of income…

A: Ethics can be explained as moral philosophy that helps an individual or organization in determining…

Q: Bulldogs Inc. wants to enter the global market. Which one may not be the reason in such decision?…

A: When a company wants to enter into global market in order to expand it business reach, many factors…

Q: A key limitation of Baumol’s model is the fact that substitution between labor and capital takes…

A: Baumol hypothesis explains the logic of unbalanced growth in public and private sector

Q: Franchising has certainly become a key component of the U.S. economy. What are the major advantages…

A: Franchising: Franchising is an agreement in which one party gives right to a particular individual…

Q: QUESTION 35 The purpose of social regulation is O to control the price that regulated enterprises…

A: Social regulation means the regulation to be followed by business houses for the betterment of…

Q: 1) What factors convince you to place your money with a particular organization? What specific…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Which of the following is not among the advantages of international trade? * O Increased competition…

A: International trade means where one country can sell goods in another country.

Q: Which of the following is not a reason for U.S. firms operating in foreign markets? A.Better…

A: Following are the reason for US firms operating in foreign markets-

Q: Firms with higher ethical standards will experience a higher level of economic performance than…

A: Taking some moral principles into account as a guide for decision-making is what ethical behavior is…

Q: without and effective system of cost accounts it is doubtful whether can survive in the intensely…

A: Cost accounting is the accounting of cost which collects all data from different sources and after…

Q: There is …….. relationship between conservatism as accounting value and power distance as a culture…

A: Conservatism has a very important role in accounting rules like an allowance for doubtful debts and…

Q: the difference in the performance of various firms within an industry limit the usefulness of…

A: The aim of conducting Industry analysis is to identify opportunities in which the investor can put…

Q: Explain the importance of absolute and comparative advantage

A: Absolute advantage >> absolute advantage refer to superior ability to produce high volume ,…

Q: A fragmented industry is dominated by a few large firms, each of which struggles to differentiate…

A: A fragmented industry is one where many firms compete against each other and no single firm or group…

Q: Another term for capitalism is .....              the command system.        the socialist economy.…

A: There are different systems by which price of goods can be determined in an economy. It can be…

Q: Why is the similarity between a perfect competition and monopoly is the fact that both is faced with…

A: A monopolistic market and a perfectly competitive market are two market structures that have several…

Q: Explain why, for large corporations, we should expect a low pay-performance relationship

A: In accounting pay performance relationship refers to the relationship between pay level of employees…

Q: The key to competing is a global economy that impacts ethics is ____________.     Cultural…

A: Ethics refer to set of common moral values and standards

Q: Give an example of how the competitive environmentinfluences prices. What about government…

A: Pricing strategy seems to be a method used to determine the price of a certain good or service by…

Q: ge in transportation infrastructure necessary to facilitate urban industrial development. E. Explain…

A: Introduction The global change in means of economic generation and social processes has fastened…

Q: ?Which of the following is part of the first big economic questions ?What goods and services are…

A: Each and every economy face the following three central Problems - 1. What to produce 2. How to…

Q: According to the classical model, there is no need for government intervention in the economy. If…

A: The answer is  A. True

Q: How would a business plan for a small manufacturing firm differ from one for a small retailing firm?…

A: A business plan is a document in writing that elaborates how a start-up company derives its…

Q: Which of the following identifies specialization as a reason for international business? A. Agency…

A: WeKnow that international business refers to the business between two or more countries. Import and…

Q: By earning foreign currency which of the social responsibility is fulfilled by a business…

A: Option c

Q: When you reward the talents of society values, does it govern social and economic inequalities

A: there is no concept exist like talent because every individual have the unique quality and they have…

Q: What are enterprise systems? How do they change the way an organization work? List down few Costs &…

A: The Enterprise System is a collection of linked software modules and a central database that allows…

Q: Discuss it in your own understanding and then give example each of the following:   Tangible and…

A: 1.Tangible and Intangible Tangible is something which a person can see, feel or touch and thus…

Q: Briefly discuss how differentiated products in a monopolistic competitive framework can arise.

A: It is the primary characteristic of the monopolistic competition that there is product distinction.…

Q: Suppose firms in this economy pay their workers efficiency wages. This practice will likely lead to…

A: Long term market equilibrium is a state where the aggregate demand equals aggregate supply. It is a…

Q: Briefly explain the three ways the regional concentration of firms is an industry can lead to…

A: External economies of scale are defined as the factors for enhancing the business, which used to…

Q: What does the expression “marginal product of labour” mean ? Why do workers (skilled and unskilled)…

A: marginal product of labour is concept of economics. this concept is generally used in economics when…

Managing Agency Conflict

Conflict is defined as an act of disagreement between two parties caused by uncertainties between them. The conflict has a negative outcome that affects both parties involved in the argument. Conflict arises when the parties' thoughts do not align or go in opposite directions. Conflicts have negative consequences for both the individual and the business. As a result, it should be avoided.