Key terms
an organisation that has operations in more than one country
what is multinational company
Workers receive a pay rise. Give one motivation chain.
Higher pay → greater motivation → higher productivity.
A business lowers its price below competitors. Give the sales chain.
Lower price → more customers attracted → sales increase.
Productivity increases. What happens to unit costs?
More output per worker → lower unit cost.
oink
what is a pig
the foreign country where a multinational sets up its operations
what is host country
Staff receive better training. Give the quality chain.
Better skills → fewer mistakes → higher product quality.
Successful advertising. Give the chain.
Greater awareness → more potential customers → sales increase.
A business introduces automation. Give a cost chain.
Less labour required → labour costs decrease → unit costs fall.
are catfishes covered in tastebuds
yes
a physical limit on the quantity of goods that can be imported and exported
quota what is
Labour turnover increases. What could happen to costs?
More employees leave → more recruitment/training → costs increase.
A business identifies a specific market segment. Build the chain.
More targeted marketing → better meets customer needs → sales increase.
Poor-quality products are produced. Give the consequence chain.
More defects → more complaints/returns → costs increase.
otters are known to do a specific action to break open clams. reenact it lol.
the action of cracking open a shell with a rock
rate at which one country's currency can be exchanged for that of another
exchange rate
A manager delegates more responsibility. Give one positive chain.
More responsibility → employees feel trusted → motivation increases.
A new product uses penetration pricing. Give the intended chain.
Low launch price → customers try the product → market share increases.
A business holds too much inventory. Give one negative chain.
More inventory → more money tied up → cash-flow problems.
longest tounge mammal?
what the hell is a blue whale
FASTEST PERSON FIRST
balance of payments
Giving a subordinate authority to complete a task while the manager remains ultimately responsible.
Delegation
Dividing a market into groups of customers with similar characteristics or needs.
Market segmentation
The percentage of a firm's maximum possible output that it is actually producing.
Capacity utilisation
what are the last words that Koko the gorilla made in sign language?
koko the gorilla signed "patient" and "old" (last known from her keepers"