Emmy and Frank may have a valid claim for damages against Kangaroo Valley Retreat as the exclusion clause on the car park ticket may not be enforceable under both common law and statutory approaches.
Under the common law approach, the validity of an exclusion clause depends on its incorporation, notice, and reasonableness. In this case, the hotel's exclusion clause was not brought to Emmy and Frank's attention before they entered the car park, which may affect its enforceability.
In terms of the statutory approach, consumer protection legislation, such as the Australian Consumer Law (ACL), may render certain exclusion clauses unfair and therefore unenforceable. The ACL requires transparency and fairness in consumer contracts, and an exclusion clause that attempts to exclude liability for damage or personal injury may be deemed unfair under this legislation.
To determine the outcome of the case, the specific details and circumstances, including the relevance of the cited case law, need to be analyzed further. Factors such as the prominence and clarity of the exclusion clause, the reasonableness of the hotel's actions, and the overall fairness of the contractual terms will play a crucial role in assessing the viability of Emmy and Frank's claim against Kangaroo Valley Retreat. Legal advice should be sought to fully evaluate their prospects of success.
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How are mathematicians and statisticians different?
Answer:
Mathematicians and statisticians both work with numbers, and they are required to have the same level of educational for their professions. ... The primary difference between them is that mathematicians may do a lot of theoretical work, while statisticians focus on using data to address business issues
Explanation:
Answer: the primary difference between them is that mathematicians may do a lot of theoretical work, while statisticians focus on using data to address business issues
Explanation: what are alike is that they both work with numbers
If a central bank focuses on preventing either high inflation or deep recession by using low and reasonably steady interest rate policy, then?
Then the foreign investment will increase significantly. The term "foreign investment" describes investments made by foreigners in the domestic businesses and assets of other nations. Large multinational firms will build new branches and increase their investments in other nations in an effort to find new prospects for economic growth.
Foreign funds may be used for investment in stocks, real estate, ownership/management, or joint ventures. This is how foreign investments are categorized. Foreign Institutional Investment, Foreign Portfolio Investment, and Foreign Direct Investment (FII). Foreign direct investments (FDIs) are long-term purchases of physical assets like factories, toll highways, and bridges in other nations.
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the sisyphean corporation is considering investing in a new cane manufacturing machine that has an estimated life of three years. the cost of the machine is $30,000 and the machine will be depreciated straight line over its three-year life to a residual value of $0. the cane manufacturing machine will result in sales of 2000 canes in year 1. sales are estimated to grow by 10% per year each year through year three. the price per cane that sisyphean will charge its customers is $18 each and is to remain constant. the canes have a manufacturing cost of $9 each. installation of the machine and the resulting increase in manufacturing capacity will require an increase in various net working capital accounts. it is estimated that the sisyphean corporation needs to hold 2% of its annual sales in cash, 4% of its annual sales in accounts receivable, 9% of its annual sales in inventory, and 6% of its annual sales in accounts payable. the firm is in the 21% tax bracket, and has a cost of capital of 10%. the incremental ebit in the first year for the sisyphean corporation's project is closest to: group of answer choices
The problem only asks for the incremental EBIT in the first year, which is closest to $440.
To calculate the incremental EBIT (earnings before interest and taxes) in the first year for the Sisyphean Corporation's project: Sales: The cane manufacturing machine will result in sales of 2000 canes in year 1, and sales are estimated to grow by 10% per year each year through year three. Therefore, the total sales in year 1 will be: 2000 canes x $18 price per cane = $36,000
Cost of goods sold: The canes have a manufacturing cost of $9 each, so the total cost of goods sold in year 1 will be: 2000 canes x $9 cost per cane = $18,000. Depreciation: The cost of the machine is $30,000, and it will be depreciated straight line over its three-year life to a residual value of $0. Therefore, the annual depreciation expense will be: ($30,000 - $0) / 3 years = $10,000 per year.
Increase in net working capital accounts: The installation of the machine and the resulting increase in manufacturing capacity will require an increase in various net working capital accounts. It is estimated that the Sisyphean Corporation needs to hold 2% of its annual sales in cash, 4% of its annual sales in accounts receivable, 9% of its annual sales in inventory, and 6% of its annual sales in accounts payable.
Therefore, the increase in net working capital accounts will be: Cash: 2% x $36,000 = $720. Accounts receivable: 4% x $36,000 = $1,440. Inventory: 9% x $36,000 = $3,240. Accounts payable: 6% x $36,000 = $2,160. Total increase in net working capital accounts = $7,560. Tax rate: The firm is in the 21% tax bracket. Cost of capital: The Sisyphean Corporation has a cost of capital of 10%. Using this information, we can calculate the incremental EBIT in the first year as follows: Sales revenue = $36,000, Cost of goods sold = $18,000, Gross profit = $18,000, Depreciation = $10,000, Operating expenses = $7,560, EBIT = $18,000 - $10,000 - $7,560 = $440.
To calculate the incremental EBIT in the second and third years, we would need to repeat this calculation with the appropriate sales and net working capital account figures for those years. However, the problem only asks for the incremental EBIT in the first year, which is closest to $440.
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Write an article to the commerce magazine of your school on "The importance of studying business environment."
please help me with this asap
i will mark the brainliest to the first answer
Explanation:
Importance of the Study of Business Environment:
A study of business environment is highly significant for business management for the following reasons:
(i) To Ensure Smooth Functioning of Business Cycle:
Smooth functioning of business cycle depends on availability of inputs and disposal of output.
Business enterprises obtain inputs like raw-materials, machines, technology, manpower etc. from the society (which is part of business environment); and dispose of output i.e. finished goods to society.
Hence, business managements must study business environmental factors so as to be aware of changes in input supplies, changes in social factors like consumer behaviour, state of competition in industry etc. to ensure smooth functioning of their business cycles.
A study of business environment is essential to take full advantage of opportunities for gain hidden in the business environment.
PLEASE MARK ME A BRAINLIST AND ❤
2. Consider a parent who has utility function U(x p ,x c)=lnx p +αlnx c The parent can invest in the child's education h, and can also give the child a cash gift g, to be invested at the market interest rate r, where 0 yˉ p, the parent both invests in education and gives the child a gift. (d) Suppose that there are two parents, one with income below yˉp and one with income above yˉp . Show that the ratio of child's consumption to parent's consumption is higher for the family in which the parent's income is lower. That is, consumption grows faster across generations in the poorer family. Conclude that while income inequality is not eliminated in one generation in this model, the incomes of members of different families will converge over multiple generations. Does
Although income inequality is not eliminated within one generation, over multiple generations, the incomes of members from different families will converge as the higher consumption growth rate in poorer families narrows the gap between them and families with higher incomes.
In the given model, where a parent's utility function depends on their own consumption and the child's consumption, it is shown that the ratio of the child's consumption to the parent's consumption is higher for the family in which the parent's income is lower.
This implies that consumption grows faster across generations in poorer families. Although income inequality is not eliminated within one generation, the incomes of members from different families will converge over multiple generations.
In this model, the parent's utility function is U(xp, xc) = ln(xp) + αln(xc), where xp represents the parent's consumption, xc represents the child's consumption, and α is a constant representing the relative importance of the child's consumption.
Assuming the parent's income is below yˉp, they invest in both education (h) and give the child a cash gift (g). The parent's income can be represented as y = xp + (1 + r)g, where r is the market interest rate.
The parent's consumption can be written as xp = y - (1 + r)g - h, and the child's consumption can be written as xc = g + (1 + r)h.
To compare the ratio of child's consumption to parent's consumption, we can calculate xc/xp:
xc/xp = (g + (1 + r)h) / (y - (1 + r)g - h)
Now, let's consider another parent with income above yˉp. Their consumption can be written as xp' = y' - (1 + r)g' - h', and the child's consumption can be written as xc' = g' + (1 + r)h'.
To compare the ratio of child's consumption to parent's consumption for this family, we can calculate xc'/xp':
xc'/xp' = (g' + (1 + r)h') / (y' - (1 + r)g' - h')
Comparing the two ratios, we observe that:
xc/xp < xc'/xp'
Since the parent's income is lower for the family in which xc/xp is calculated, we can conclude that the ratio of child's consumption to parent's consumption is higher for the family with lower parental income.
This implies that consumption grows faster across generations in poorer families, as the child's consumption is relatively higher compared to the parent's consumption.
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Finding a job that matches your skills and interests, and finding a job that has a positive job outlook are both important things to consider when selecting a career. Which do you think is more important? Why?
<< Read Less
Answer: Finding a job that matches your skill and interest.
Explanation:
This is very important and it majorly one of the key things to consider when applying for jobs. Sometimes, desperation makes people take any job without thinking if they like the job or not and this is bad as it will hinder the success of such person in the firm.
A typical example of this is applying for a job that requires proficiency in microsoft office packages and you literally have no knowledge but you only applied considering the Positive outlook of the firm, they are no two ways about this, you'd perform woefully if being asked simply because you don't possess the skill.
Finding a job that matches your skills and interest tends to make the job more enjoyable as you will be more motivated to keep the job and will find great pleasure in carrying out the task given. It also aids your career development as well, according to the saying practice makes perfect, doing what you love will continually help you to grow and develop yourself in your chosen field.
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission. Which of the following is true?
a. Automatic fine for the Employing Broker
b. The Employing Broker may be subject to disciplinary action
c. Employing broker's license is immediately suspended
d. Both associate and employing brokers may have their licenses canceled
Answer:
d. Both associate and employing brokers may have their licenses canceled
Savory bean company makes and sells a sweet espresso coffee beverage under the name "sugar sugar. " tropic roast, inc. , later markets a similar drink under the name "sweet sweet. " this is most likely?.
Savory Bean Company makes and sells a sweet espresso coffee beverage under the name "Sugar Sugar." Tropic Roast, Inc., later markets a similar drink under the name "Sweet Sweet." This is most likely to be trademark infringement.
The use of a trademark alone without the owner's or any licensees of a company's consent constitutes trademark infringement. Unauthorized use of a trademark or service mark on or in connection with products and/or services in a way that is most likely to cause ambiguity, deceit, or error regarding the origin of the services is termed trademark infringement. Three essential components must be proven in order to prove trademark infringement in a company: "use," "in commerce," and "likelihood of confusion." Fair use or parody are the two main affirmative defences that defendants in a trademark infringement or dilution action may raise.
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The presence of a price control in a market for a good or service usually is an indication that.
In the absence of price regulations, officials considered that the price that was in place in that market was unjust to either buyers or sellers.
What is the difference between the buyer and seller?Buyer is the one who buys or purchase the goods and services from the seller, he has to give some amount of money to purchase the commodity
Seller is the one who sells or give the goods and services to the buyer in return for the money.
Thus, In the absence of price regulations, officials
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f. how much can irina save in finance charges if she makes the down payment on the last day, as compared to making it on the first day?
To sum up, the finance charge formula is the following: Finance charge = Carried unpaid balance × Annual Percentage Rate (APR) / 365 × Number of Days in Billing Cycle.
Finance is the study and discipline of money, currency and capital belongings. it's miles associated with, however not synonymous with economics, the observe of production, distribution, and intake of money, belongings, items and services (the field of monetary economics bridges the two). Finance activities take location in monetary structures at numerous scopes, therefore the field can be roughly divided into non-public, corporate, and public finance. In a economic gadget, property are sold, bought, or traded as monetary contraptions, which includes currencies, loans, bonds, stocks, stocks, alternatives, futures, and so forth. assets can also be banked, invested, and insured to maximize fee and reduce loss. In practice, risks are usually present in any financial motion and entities.
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The direct result of disaggregating the aggregate plan is the Multiple Choice marketing plan. production plan. material requirements plan. rough-cut capacity plan. master schedule.
Master Schedule is the direct result of disaggregating the aggregate plan to identify the timeframe of individual items ahead of time.
What is disaggregating of aggregate planning?Disaggregating an aggregate plan entails disintegrating or breakdown of an aggregate plan into individual product specifications in order to assess labor ( size, workforce, or skills), resources, and inventory needs.
The aggregate plan is disaggregated into a master schedule, which displays the amount and timing of individual end items over a projected timeframe of roughly 6 - 8 weeks ahead.
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The fourth step in conducting a job analysis most likely involves collecting data about all of the following EXCEPT ________. A) required employee abilitiesB) typical working conditionsC) employee turnover ratesD) specific job activities
The fourth step in conducting a job analysis most likely involves collecting data about all of the following EXCEPT employee turnover rates.
During a job analysis, data collection typically involves gathering information about various aspects of a job, including required employee abilities, typical working conditions, and specific job activities. This information helps in understanding the job requirements, identifying essential skills, and assessing the work environment. However, employee turnover rates are not typically collected as part of a job analysis. Turnover rates are more related to employee retention and organizational dynamics, rather than the specific details of a job itself.
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Which situation shows how a consumer's prior decision influences their future decisions within the same product category
The that shows how a consumer's prior decision influences their future decisions within the same product category is when a consumer joins a health club and needs to buy running shoes and athletic wear.
What are future decisions?Future decisions are those decisions that can be made by customer after a thorough examination of a particular product.
Then they can now make a decision whether to buy or not.
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A new business should be based on an entrepreneur’s individual interests because the entrepreneur must:
A. Have sufficient confidence to succeed
B. Be willing to take personal responsibility
C. Have enough determination to work alone
D. Dedicate as many hours as needed to the work
Answer:
D. Dedicate as many hours as needed to the work
Explanation:
Have a nice day!! :)
Answer:
D
Explanation:
true or false: the purpose of the truth in lending law of 1969 was to give consumers the information needed to compare credit costs on various loans.
You are protected from unreliable and dishonest credit invoicing and credit card practices by the Truth in Lending Act (TILA). It mandates that lenders give you information on loan costs so you can shop around for specific sorts of loans.
Why was the 1968 Truth in Lending Act necessary?This federal regulation from 1968 mandates that lenders explain the terms and expenses of consumer loans in order to encourage honesty and transparency. The TILA standardized the method for calculating and disclosing borrowing charges, making it simpler for customers to compare loans and credit prices from different lenders. The Truth-in-Lending Act mandates the plain and obvious disclosure of the terms and circumstances of offered consumer loans in order to encourage the intelligent use of credit and safeguard borrowers from dishonest lenders. The cost of credit is expressed as an annual percentage rate (APR), which is the yearly percentage rate. Finance charges: The total amount of dollars that you'll pay in interest and fees over the course of a loan.
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In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy another position II. a customer sells short securities "against the box" III. 2 separate mark-ups or commissions are charged IV. a combined mark-up or commission is charged
Answer:
I and IV
Explanation:
A proceed transaction is a type of transaction in securities where a broker uses the proceeds of the sales of a security to buy another security , still constituting a transaction. (option 1)
A proceed transaction is subjected to a combined mark - up or commission , where the mark up earned on the disposed security is added to the mark up earned on the new security bought in replacement , which must be reasonable and fair. (option iv)
One challenge faced by organizations is the need to focus on consumer needs while also ________ the interests of countless other people, groups, and forces that interact to shape the nature of its actions.
One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
What does it mean to strike a balance?It is to have equal importance, it is a condition in which different things occurring have an equal or proper amount of importance.
An organization striking a balance is trying to do everything possible to meet people's demands and also overcoming various challenges that may want to influence it.
Therefore, One challenge faced by organizations is the need to focus on consumer needs while also striking a balance among the interests of countless other people, groups, and forces that interact to shape the nature of their actions.
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Can someone Plss answer this question for me
1) Imagine you are the Chairman of the Federal Reserve facing the following scenario:
The economy is at full employment. Unemployment is low, but prices are rising at a
rate of 5% per quarter (every 3 months).
In a paragraph, explain what monetary policy action you would take. Be sure to describe both your
actions and what effects they will have on the economy.
If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.
What is an open market sale?
Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.
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richard, an employee in an investment firm, was dissatisfied with the way his superiors handled business dealings. for that reason, he quit his job and started his own business so that he is able to make all management decisions without interference from anyone. which advantage of entrepreneurship is highlighted in the given scenario?
The advantage of entrepreneurship highlighted in the scenario is autonomy.
Entrepreneurship refers to the process of creating and running a new business venture in order to make a profit. Autonomy refers to the ability of an entrepreneur to make independent decisions without interference from others.In the given scenario, Richard was dissatisfied with the way his superiors handled business dealings. By starting his own business, he is able to make all management decisions without interference from anyone. This highlights the advantage of autonomy, which is an important aspect of entrepreneurship. Entrepreneurs have the freedom to pursue their vision and make decisions independently. This can lead to greater job satisfaction and a sense of personal fulfillment. Additionally, it can allow entrepreneurs to be more innovative and take risks, which can lead to greater success and profitability in the long run.
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Which situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
if a customer has a long margin account with a market value of $20,000, a debit balance of $12,000, and sma of $5,000, how much cash can the customer withdraw from the account?
To determine how much cash a customer can withdraw from their long margin account with a market value of $20,000, a debit balance of $12,000, and sma of $5,000, we need to first calculate the customer's equity in the account.
The equity can be calculated as the market value minus the debit balance, which is $20,000 - $12,000 = $8,000.
Next, we need to determine the amount of content loaded if a customer has a long margin. The content loaded refers to the percentage of the equity that the broker requires the customer to maintain in their account. This is typically set by regulatory requirements and brokerage policies.
Assuming a content loaded of 50%, the customer would be required to maintain half of their equity as a margin. Therefore, the margin requirement would be $8,000 * 50% = $4,000.
Finally, we can calculate the amount of cash that the customer can withdraw by subtracting the margin requirement from their sma.
So, the maximum amount of cash the customer can withdraw is $5,000 - $4,000 = $1,000.
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mention any five methods of doing off season vegetables farming,
Answer:
the methods of doing off season vegetables farming are:-
Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.what was the status of US workplace safety laws in 1900?
Most states had handed a few protection laws, however enforcement varied.
The required details for Safety Law in given paragraph
Safety Law manner any federal, state, local or overseas law, statute, ordinance, rule, regulation, order, decree, judgment, injunction, permit, license, authorization or other binding requirement, or not law, pertaining to meals protection and quality, including all through the growing, packing, storage, handling or transportation phases.
When the Secretary of State determines that the proprietor of a car has now no longer paid a civil penalty or a agreement settlement bobbing up from the violation of regulations followed below the Illinois Motor Carrier Safety Law or the Illinois Hazardous Materials Transportation Act or that a car, irrespective of ownership, became the situation of violations of those regulations that led to a civil penalty or agreement settlement which stays unpaid.
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Why is the hospitality industry considered diverse and complex?
Answer:
Because the clients and the employees are diverse and because there are major groups of hotels chains that dominate the industry.
Explanation:
To begin with, the hospitality industry is considered to be so diverse because of the wide range of clients that is it has, representing people from all over the world, the consumers of the hospitality industry tend to have very different cultures, languages, ethics and more and that is becuase the whole world is to be considered a client when it comes to this industry. Moreover, the workers of the industry tend to be from different places as well because that gives a plus to the company who receives people from everywhere.
Secondly, this industry it is considered to be complex due to the fact that most of the hotels chains are the ones that dominate the industry and therefore that one group of hotels is the one that receives the most of the clients and so on.
select all that apply as a function of financial management, financial managers must understand tax regulations because . (select all that apply)
As a function of financial management, financial managers must understand tax regulations because they must consider the tax implications of major decisions, and Businesses want to minimize taxes. (Options 1, 2)
Understanding tax regulations is an essential part of financial management because it affects a company's bottom line. Financial managers must know how tax regulations apply to the company's operations, so they can make informed decisions that minimize tax liabilities while maximizing profits. By doing so, financial managers can help ensure the long-term financial success of the company.
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Complete Question:
select all that apply as a function of financial management, financial managers must understand tax regulations because . (select all that apply)
they must consider the tax implications of major decisionsBusinesses want to minimize taxesTax regulations shouldn't be studiedTax can be saved by hiring other tax managersMoney inveted from omeone other than the owner i know a which factor of production?
Eventually, investments result in final products and services. Traditionally, a capitalist's responsibility is to first save before taking on risk by hiring people to work in the production process.
As a factor of production, capital, often known as capital goods, refers to the funds used to buy the equipment needed to manufacture goods and services.
The four factors of production are land, labor, capital, and entrepreneurship, and they are what produce all of the goods and services that comprise an economy. Since money is not a direct component of the production of goods or services, it is not a factor of production. Instead, it makes the production processes easier.
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What impact does Valentine's day have on the economy?
Americans claim they are willing to spend even more on Valentine's Day this year, despite feeling the pinch of rising prices. Valentine's Day consumer spending is anticipated to rise by 8% to $26 billion in 2023, making it the second-highest year ever.
Valentine's Day brings in a lot of money: The National Retail Federation estimates that Americans will spend $25.9 billion on Valentine's Day gifts, up from $23.9 billion the year before. This year, giving a "experience" as a gift is becoming more popular. In 2023, consumers will spend $25.9 billion on Valentine's Day, an 8% increase from the previous year.
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Which strategy for reaching global markets provides for the lowest risk?
The strategy for reaching global markets that provides for the lowest risk is exporting. Exporting involves selling goods and services produced in one country to customers in another country.
This method allows a company to test the waters in a foreign market with relatively low financial risk since it does not require significant investments in infrastructure, personnel, or operations in the foreign market.
It also allows a company to maintain control over production and distribution while benefiting from economies of scale in its home country. However, exporting may have limitations in terms of market reach and responsiveness to local market conditions.
Exporting is a common method used by companies to enter foreign markets. It involves producing goods or services in one country and then selling them to customers in another country. Exporting provides several benefits, such as lower risk and lower investment requirements, making it an attractive strategy for companies looking to enter global markets.
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Give 3 slogans or “catchphrases” from current businesses employ, whose message communicates positive customer service. For example, United Airlines’ slogan is “Fly the Friendly Sky”
Answer:
L'Oreal – “Because you're worth it”
KFC – “It's finger lickin' good”
Coca-Cola – “Open Happiness”
Explanation: