Author Question: Assuming total cost for a direct channel of 100,000 and an average gross margin on sales of 25, the ... (Read 59 times)

cookcarl

  • Hero Member
  • *****
  • Posts: 539
Assuming total cost for a direct channel of 100,000 and an average gross margin on sales of 25, the sales volume needed to cover these costs would be:
 a. 2,500,000.
  b. 25,000.
  c. 75,000.
  d. 400,000.
  e. 250,000.

Question 2

Why would a firm choose to enter a market through a joint venture?



aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

D

Answer to Question 2

Joint ventures involve a foreign company joining with a local company. Joint ventures are a preferred international entry mode for emerging markets. In developing countries, it is typical for joint ventures to take place between an international firm and a state-owned enterprise; in this case, the company's partner is the local government. This almost assures instant access and preferential treatment within the country.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

For a complete list of videos, visit our video library