when resolving complaints, salespeople often make promises to the customer. which of the following best reflects what the salesperson should do regarding those promises?
Answers
A salesperson represents his or her organisation in the outside world. People who engage with him are left with a lasting impression of him, and they can infer something about the company from his actions.
More than others, salespeople require the ability to interact with people. He must exercise diplomacy and restraint as he engages with various people in various contexts. He needs to be intelligent and diplomatic when interacting with his clients. They are individuals who, on behalf of the company, engage mostly in personal selling activities with the goal of establishing business relations.
A salesperson needs to be able to communicate their point quickly, clearly, and fluidly. He must always act courteously, especially while responding to criticisms and objections. He must provide the client a thorough and patient ear. He creates positive will for the organisation and the product by paying close attention. Therefore, a salesperson should not only make promises but should also try to complete the given work on time by resolving customer complaints.
Therefore, the salesperson should make less promises and deliver the work efficiently and on time.
Learn more about Salesperson here: https://brainly.com/question/29558745
#SPJ4
Disclaimer: Your question is incomplete. Please complete the question, by looking over the internet.
Related Questions
what is the fourth step in communication planning
Answers
Answer:
Identify the owners, stakeholders, and audience
Explanation:
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
Learn more at:
https://brainly.com/question/15004115?referrer=searchResults
Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
Answers
assuming the projects are independent, which one(s) would you recommend? -select- if the projects are mutually exclusive, which would you recommend? -select- notice that the projects have the same cash flow timing pattern. why is there a conflict between npv and irr?
Answers
The present value of a flow of payments from a business, project, or investment is determined using net present value (NPV). It is the distinction between the current value of cash inflows and outflows over a given time period.
a. The NPV for the given question is calculated and attached in the form
of an image. The following computations are as under
IRR: IRR is the rate at which present value of cash inflows is equal present value of cash outflows.
Project A : 9000 = 3000/ (1+r)^1 + 3000/ (1+r)^2 + 3000/ (1+r)^3 + 3000/ (1+r)^4 + 3000/ (1+r)^5
Solving for r we get, IRR = 19.86%
Project B : 27000 = 8400/ (1+r)^1 + 8400/ (1+r)^2 + 8400/ (1+r)^3 + 8400/ (1+r)^4 + 8400/ (1+r)^5
Solving for r we get, IRR = 16.80%
MIRR = [Square root of (Present value of cash flows/ Initial Investment)] - 1
The present value of cash flows are calculated above in the table
MIRR Project A = [Square root of 10299.24/9000] - 1 = 1.0697 - 1 = 6.97%
MIRR Project B = [Square root of 28837.88/27000] - 1 = 1.0335 - 1 = 3.35%
Payback period is the number of years in which the initial investment is recovered.
Payback period A = 9000 /3000 = 3 years
Payback period B = 27000 / 8400 = 3.21 years
Discounted Payback period:
As per the NPV table above,
For project A, amount recovered upto 4 years = $8741.14, Balance to be recovered = $9000 - $8741.14 = $258.86
Discounted payback period = 4 + 258.86 / 3000 = 4.09 years
For project B, amount recovered upto 4 years = $24475.18, balance to be recovered = $27000 - $24475.18 = $2524.82
Discounted payback period = 4 + 2524.82 / 8400 = 4.30 years
b. Both projects would be accepted since both of their NPV's are positive
c. If the projects are mutually exclusive, the project with the highest
positive NPV is chosen. Accept Project B.
d. Since the cash flow timing is the same , The conflict between NPV and
IRR occurs due to the difference in the size of the projects.
Learn more about Net Present Value here:
#SPJ4
Complete question:
A firm with a 14% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows Project A $9,000 $3,000 $3,000 $3,000 $3,000 $3,000 Project B $27,000 $8,400 $8,400 $8,400 $8,400 $8,400
a. Calculate NPV for each project. Calculate IRR for each project. Calculate MIRR for each project. Calculate payback for each project. Calculate discounted payback for each project. Round your answers to two decimal places.
b. Assuming the projects are independent, which one(s) would you recommend?
c. If the projects are mutually exclusive, which would you recommend?
d. Notice that the projects have the same cash flow timing pattern. why is there a conflict between npv and irr?
Select the whether the FIFO or LIFO inventory costing method normally produces each of the following effects under the listed circumstances. Declining costs.Rising costs
Answers
The choice of inventory costing method can have a significant impact on the financial results of a company. The FIFO and LIFO methods should be carefully evaluated based on the specific circumstances and goals of the company.
The FIFO (First-In-First-Out) and LIFO (Last-In-First-Out) inventory costing methods can produce different effects under different circumstances. In the case of declining costs, the LIFO method typically produces higher cost of goods sold (COGS) and lower net income compared to FIFO.
This is because LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. On the other hand, FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
Therefore, in a declining cost environment, LIFO leads to higher COGS and lower net income compared to FIFO.
In the case of rising costs, the FIFO method typically produces higher COGS and lower net income compared to LIFO. This is because FIFO assumes that the first inventory items purchased are the first ones sold, which means that the COGS reflects the lower costs of those items.
On the other hand, LIFO assumes that the last inventory items purchased are the first ones sold, which means that the COGS reflects the higher costs of those items. Therefore, in a rising cost environment, FIFO leads to higher COGS and lower net income compared to LIFO.
For more such questions inventory visit:
https://brainly.com/question/26533444
#SPJ11
Note- Question is not available.
Brainard Corporation's budgeted sales for the upcoming quarter are $400,000. Its supporting budgets and schedules show a beginning finished goods inventory of $15,000, budgeted cost of goods manufactured of $185,000, and a projected ending finished goods inventory of $25,000. Its selling and administrative budget projects expenses of $148,000, its budgeted interest expense is $7,000, and its tax rate averages 40%. 1. The company's budgeted gross profit for the upcoming quarter is $ . 2. The company's budgeted income before taxes for the upcoming quarter is $ . 3. The company's budgeted income taxes for the upcoming quarter are $ . 4. The company's budgeted net income for the upcoming quarter is $ .
Answers
Answer:
Brainard Corporation
1. The company's budgeted gross profit for the upcoming quarter is $225,000.
2. The company's budgeted income before taxes for the upcoming quarter is $70,000.
3. The company's budgeted income taxes for the upcoming quarter are $28,000.
4. The company's budgeted net income for the upcoming quarter is $42,000.
Explanation:
a) Data and Calculations:
Budgeted Income Statement for the quarter:
Budgeted sales $400,000
Cost of goods sold:
Beginning inventory $15,000
Cost of goods manufactured 185,000
Cost of goods available $200,000
less Ending inventory 25,000 175,000
Gross profit $225,000
Selling and administrative $148,000
Interest expense 7,000 155,000
Income before tax $70,000
Income taxes (40%) 28,000
Net income $42,000
Which of the following is NOT a repayment plan option?
O Extended repayment plan
O Loan forgiveness repayment plan
O Income sensitive repayment plan
O Graduated repayment plan
Answers
Answer: Loan forgiveness repayment plan.
Explanation:
The Extended Repayment Plan: This is a repayment plan option whereby the loan can be paid back for a period of about 25 years.
The Income-Sensitive Repayment Plan: This is a repayment plan option for those who want low income. Here, payment can either increase or reduce based on what the person earns annually.
The Graduated Repayment Plan: This is a repayment plan option which increases every two years.
The loan forgiveness repayment plan is not a repayment plan option.
let's say you want to adjust the market cap
Answers
What is the way to adjust the market cap? you can add the financials then subtract the financials.
What is the benefit adjust the market cap?Market capitalization is often used to determine the size of a company and assess a company's financial performance relative to other companies of various sizes. When it comes to investments, companies with larger market capitalizations are often safer investments as they generally represent more established companies with longer operating histories. This allows investors to value companies based on their generally perceived value. The higher the value, the "bigger" the company.
Learn more about market cap: https://brainly.com/question/28539863
#SPJ4
I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
Answers
336-48= 288
288-48-48=192
Answer:
53
Explanation:
"Profit plays an important role in the business." In the light of this statement,
Explain three reasons for the importance of profit in business.
Answers
Answer:
to secure financing from a bank
to attract investors to fund its operations
to grow the business itself
Explanation:
Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
Answers
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
Learn more about Productivity here:
https://brainly.com/question/13774781
#SPJ1
Zhang, a marketing researcher, is conducting a study on Home Depot customers. Zhang is seeking a representative sample of 1000 customers, using Home Depot's customer database. Zhang randomly decides to begin with customer number 20 and then selects every 20th customer until 1000 customers have been selected. Zhang is using ______________________________ method.
Answers
Zhang, the marketing researcher, is using a sampling method known as systematic sampling method. In systematic sampling, the researcher selects every nth element from a population after randomly determining the starting point.
In this case, Zhang starts with customer number 20 and selects every 20th customer until reaching a total of 1000 customers. By using this method, Zhang aims to create a representative sample from Home Depot's customer database.
Systematic sampling can be an efficient way to select a sample when the population is large and there is no specific pattern or clustering in the data. this will reduce workload on him and improve his efficiency as a marketing researcher
Know more about marketing researcher here:
https://brainly.com/question/32132754
#SPJ11
A company produces a product for which the variable cost is $12.05 per unit and the fixed costs are $98,000. The product sells for $17.04. Let x be the number of units produced and sold.
(a) The total cost for a business is the sum of the variable cost and the fixed costs. Write the total cost C (in dollars) as a function of the number of units produced.
C =
(b) Write the revenue R (in dollars) as a function of the number of units sold.
R =
(c) Write the profit P (in dollars) as a function of the number of units sold. (Note: P = R − C.)
P =
Answers
By multiplying the variable cost per unit by the quantity of units produced and adding the fixed costs to variable, it is possible to determine the total expense C (in dollars) as a result of the amount of units produced.
C = Fixed costs + (Variable cost per unit * Number of units produced)
C = $98,000 + ($12.05 * x)
(b) The revenue R (in dollars) as a function of the number of units sold can be calculated by multiplying the selling price per unit by the number of units sold:
R = Selling price per unit * Number of units sold
R = $17.04 * x
(c) The profit P (in dollars) as a function of the number of units sold can be calculated by subtracting the total cost (C) from the revenue (R):
P = R - C
P = ($17.04 * x) - ($98,000 + ($12.05 * x))
P = $17.04x - $98,000 - $12.05x
P = $4.99x - $98,000
To learn more about variable
https://brainly.com/question/30547309
#SPJ11
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
Explain why you might not want to have passive income as your only source of income.
Answers
Answer:
Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.
____________OAmalOHopeO
______________
Answer:
Passive income relies on what others do and you dont really have control over the amount of money you make
You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
Answers
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
Learn more about credit card here:
https://brainly.com/question/27350251
#SPJ4
a charge by one or more employees that management has violated their contractual rights is called a(n) .
Answers
A charge by one or more employees that management has violated their contractual rights is called a grievance.
A grievance refers to a formal complaint or dispute raised by an employee or a group of employees against their employer, typically regarding an alleged violation of their employment contract, collective bargaining agreement, or workplace policies. It serves as a means for employees to address perceived injustices or concerns related to their employment conditions, rights, or treatment.
Grievances can arise from various issues such as unfair treatment, discrimination, harassment, wrongful termination, wage disputes, denial of benefits, or contractual violations. When employees believe that their contractual rights have been infringed upon by management, they can initiate the grievance process to seek resolution or recourse through internal procedures, mediation, arbitration, or legal avenues.
To know more about grievance, click here:
https://brainly.com/question/28516016
#SPJ11
Use what you have learned about secured and unsecured loans to complete these sentences.
A loan that is associated with a valuable asset that can be taken by the lender is
.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is
.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is
Answers
A loan that is associated with a valuable asset that can be taken by the lender is a secured loan.
Ray needs to get a new set of tires for her car, so she uses her credit card. If she does not pay her bills, there is no asset that can be seized. This means her loan is an unsecured loan.
Jack agrees to take out a mortgage. If he fails to make his payments, the bank may repossess his house, so his loan is a secured loan.
What is a Secured Loan?A secured loan is a type of loan in which the borrower pledges some form of collateral, such as a property, a car, or another valuable asset, as a guarantee that they will repay the loan. This means that if the borrower fails to make the payments on the loan as agreed, the lender can take possession of the collateral and sell it to recover their money.
Secured loans are usually available at lower interest rates than unsecured loans because they are considered less risky for lenders. This is because the lender has some form of security that they can use to recover their money in case the borrower defaults on the loan.
Learn more about secured loan here: https://brainly.com/question/28687864
#SPJ1
Answer:
1. Secured
2. Unsecured
3. Secured
Explanation:
Edge 2023
PLEASE ANSWER QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
When comparing financial institutions, price is an important factor. What is TRUE about prices in financial institutions?
A. Interest rates on CD accounts are lower than on other types of accounts.
B. Higher interest rates will give you a higher return on your money.
C. It is illegal for financial institutions to have fees attached to checking accounts.
Answers
hope this helps you :)
Higher interest rates will give you a higher return on your money.
Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answers
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
debit balance with binod rs.50000
Answers
Answer:
what?
Explanation:
What is an disadvantage of digital payments
Answers
The fact that many people, especially the older population, lack basic computer literacy is one of the biggest drawbacks of online payments.
Is it advantageous or disadvantageous to use a digital wallet?Digital payments also have the following additional advantages: As a result of the coronavirus outbreak, contactless payment methods have grown widespread; customers may pay for their products fast and conveniently with digital payments whether they are putting an online order or paying at the register.
One of the most significant disadvantages of online payments is the pervasive lack of technology knowledge, especially among the older population. Because they are inexperienced with utilizing cellphones or other technology, they avoid using online payment methods.
Learn more about Digital payments: https://brainly.com/question/24590614
#SPJ1
A is made up of or more and a section, is commanded by a ,
Answers
Uber Technologies Inc. Issued $2 billion of bonds in October 2018. The total bond issuance included $500 million of five-year bonds with a 7. 5% coupon and $1. 5 billion of eight-year bonds with an 8% coupon. How would Uber’s financial statements be impacted by its $2 billion bond issuance? Would you have bought the bonds if you could? Why or why not?
Answers
Uber’s financial statements be impacted by its $2 billion bond issuance in the following ways:
1. Balance Sheet
2. Income Statement
3. Cash Flow Statement
As for whether or not to buy the bonds, it would depend on various factors such as an individual's risk tolerance, investment goals, and analysis of Uber's financial health.
When Uber issued $2 billion of bonds in October 2018, it would impact the company's financial statements in the following ways:
1. Balance Sheet: The bond issuance would increase the liabilities on Uber's balance sheet by $2 billion. This would be recorded as long-term debt, reflecting the company's obligation to repay the bondholders.
2. Income Statement: The interest expense associated with the bonds would be recorded on Uber's income statement. The interest expense would be calculated based on the coupon rates of the bonds ($500 million at 7.5% and $1.5 billion at 8%). This would result in a higher interest expense, which would decrease Uber's net income.
3. Cash Flow Statement: The bond issuance would not directly impact Uber's cash flow statement. However, the interest payments made to bondholders would be classified as operating cash outflows.
As for whether or not to buy the bonds, it would depend on various factors such as an individual's risk tolerance, investment goals, and analysis of Uber's financial health. The decision would require evaluating Uber's creditworthiness, potential risks associated with the bonds, and the expected return. It is recommended to consult with a financial advisor or conduct thorough research before making such investment decisions.
For more such questions on financial
https://brainly.com/question/30246516
#SPJ8
A town has a population of 14000 and grows at 2% every year. To the nearest tenth of a year, how long will it be until the population will reach 19900?.
Answers
The population will reach 19900 in 7.2 years.
In this case, the population increase or decrease can be found by using compound interest method. The compound interest is interest we earn on interest. Compound interest is the interest which calculated on the principle and the interest accumulated over the previous period.
So, for the given situation, consider:
Population of the town, P = 14000
Rate of interest, R = 2% = 0.02
The population to the nearest tenth year, A = 19900
Nearest tenth, so n = 1
let T be the time in years.
Then, the formula for population increases by compound interest formula:
A = P (1 + R/n) ^nT
Now, substitute the values into the formula:
A = P (1 + R/n) ^nT
19900 = 14000 (1 + 0.02/1) ^1T
19900 = 14000 (1.02) ^T
1.02^T = 19900 / 14000
1.02^T = 1.42
Taking log on both sides:
T log 1.05 = log 1.42
T = log1.42 / log1.05
T = 7.18 ≈ 7.2
Hence, we can conclude that the population will reach 19900 in 7.2 years.
Learn more about compound interest at: brainly.com/question/14625121
#SPJ4
During a group session, the only Persian member and another member ended up in a heated debate about cultural differences. The leader, also Persian, was caught off guard and unsure of how to address the situation in the moment, struggling with an internal conflict. What was the leader’s fear?A) Connecting with the Persian member.
B) Overidentifying with the non-Persian member.
C) Connecting with the non-Persian member.
D) Overidentifying with the Persian member.
Answers
Answer: D. Overidentifying with the Persian member.
Explanation:
The leaders fear in this case is over identifying with the Persian member. Since the leader is Persian, he is afraid that he could overidentify with the Persian member and this could bring about biasness with the way he handles the issue.
Therefore, based on the given options, the correct answer is D.
Devon is very good with people. she works for a pharmaceutical company and often visits doctors to see if they will sell her product to their patients. in which career pathway is devon most likely involved? marketing communications professional sales and marketing distribution and logistics e-marketing
Answers
Marketing Communications is the utilization of many marketing channels and techniques in tandem.
What are the four kinds of marketing communication?Advertising, public relations, sales promotions, and online media are the four methods of marketing communication.
Advertising, being the most potent commercial communication tool, provides a broad audience reach and a high frequency of information transmission.
Public relations is the second sort of marketing communication. In a more subtle way, public relations will aid in the creation of brand awareness among customers. This is what distinguishes public relations from advertising.
Discounts on sales promotions are the most popular sort of sales promotion. When you realize this, you may begin to consider how you may make the most of the circumstance.
Media on the Internet Many businesses use online media as a marketing communication tool. This might be accomplished by purchasing appealing advertisements and placing them in promising places such as online newspapers and magazines.
Thus Option A is the career pathway Devon is involved in.
For more information about Marketing communication refer to the link:
https://brainly.com/question/13691052
Answer:
Marketing Communication
Explanation:
Edge 2022
Which inventory costing method uses the oldest cost for cost of goods sold on the income statement and the newest cost for inventory on the balance sheet?.
Answers
Answer:
the method used for the oldest cost is FIFO (first in first out)
An RN is a supervisor in an organization that has total quality management (TQM) as
the backbone of its organizational goals and objectives for quality control. How does the RN practice TQM on the unit?
A) Encouraging employees to think of a unit slogan
B) Developing a quota system for number of patients cared for
C) Explaining to the staff that ìif it's not broke, don't fix itî
D) Promoting teamwork rather than individual accomplishments
Answers
The RN practices Total Quality Management (TQM) on the unit by promoting teamwork rather than individual accomplishments.
Total Quality Management (TQM) is an organizational approach that focuses on continuous improvement, customer satisfaction, and employee involvement. In the given scenario, the RN's practice of TQM on the unit can be identified by promoting teamwork rather than individual accomplishments.
D) Promoting teamwork rather than individual accomplishments:
Promoting teamwork aligns with the principles of TQM, as it emphasizes collaboration, shared responsibility, and a collective effort towards achieving quality outcomes.
By fostering a team-oriented environment, the RN encourages open communication, cooperation, and coordination among the unit's staff members. This approach helps in identifying and addressing quality issues collectively, sharing best practices, and leveraging the diverse skills and perspectives of the team.
Teamwork also contributes to employee engagement and empowerment, as it allows individuals to take ownership of their work and actively participate in problem-solving and decision-making processes.
By promoting a culture of teamwork, the RN encourages continuous learning, idea sharing, and the implementation of improvement initiatives that enhance the quality of patient care and outcomes.
In contrast, the other options (A, B, and C) do not directly align with TQM principles:
A) Encouraging employees to think of a unit slogan: While slogans can help foster a sense of unity and identity within a team, they do not directly address the core principles of TQM.
B) Developing a quota system for the number of patients cared for: TQM focuses on quality improvement rather than quantity. Implementing a quota system may inadvertently prioritize quantity over quality, which goes against the TQM approach.
C) Explaining "if it's not broke, don't fix it": TQM emphasizes the continuous pursuit of improvement, even if processes may appear to be functioning adequately. Encouraging complacency by not seeking opportunities for improvement is not in line with TQM principles.
Overall, by promoting teamwork, the RN embraces a key tenet of TQM and contributes to a culture of continuous improvement, employee involvement, and enhanced quality control on the unit.
Learn more about Total Quality Management here:
https://brainly.com/question/15190626
#SPJ11
Global trade means more markets and opportunities, but there is also more _______ for those markets
Answers
Global trade has increased market access for businesses, allowing them to reach new customers and expand their operations. However, this also means that companies face more competition for those markets, as businesses from different countries now compete for the same customers.
This increased competition can drive innovation, force companies to improve their products and services, and ultimately benefit consumers by providing them with more choices and better prices.
Global trade means more markets and opportunities, but there is also more competition for those markets. With global trade, companies are able to reach a wider audience and tap into new markets. However, as more companies enter the global market, competition becomes more intense. This can lead to a greater focus on price and efficiency, and companies need to constantly innovate and improve in order to stay competitive. Additionally, global trade also brings new regulatory and legal challenges, as companies must comply with different laws and regulations in each market they operate in. Overall, while global trade offers many benefits, it also requires companies to be adaptable and strategic in order to succeed in a highly competitive and complex global marketplace.
Learn more about Global trade here:
https://brainly.com/question/3617318
#SPJ11