Answer:
Transnational strategy
Explanation:
There is a distinction between a global approach and a transnational approach.
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Answer:
The price elasticity of demand for home heating oil is -0.36.
Explanation:
To find the price elasticity of demand for home heating oil, we can utilize the formula:
Elasticity of demand = (dQ/dPhho)*(P/Q)
Based on the information provided:
demand for home heating oil in Connecticut = Q = 20 – 2 Phho + 0.5 Png – TEMP
price of home heating oil = $1.20
price of natural gas = $2.00
<psubstituting into="" the="" demand="" equation="" yields:="">
Q = 20 – 2*1.2 + 0.5*2 – 12
Q = 6.6
Hence, we calculate price elasticity of demand as follows: (-2)*(1.2/6.6)
Thus, price elasticity of demand = -0.36.
The price elasticity of demand for home heating oil is -0.36.
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Answer:
D. Foreign Subsidiary
Explanation:
A Foreign Subsidiary is a firm that's either partially or fully owned by a larger corporation headquartered in a different nation. This indicates that the company did not organically establish development or begin operations in the nation where it operates. Establishing foreign subsidiaries is a key method for entering international markets, which entails significant risk and commitment compared to other methods listed in the question, due to considerations like costs and time for setting up a foreign subsidiary, compliance issues, tax obligations, immigration regulations, and securing office space and employee accommodations. These factors are less of a concern in joint ventures, strategic alliances, or franchising when seeking to enter international markets.
