The outbreak of Covid-19 at the beginning of 2020 has brought historic impact and change to the world order and international economic operation. With the global spread of the epidemic and wave by wave aggravation, the communication activities between different countries and regions at all levels have been weakened or even blocked.
As an important link to maintain the circulation of goods and the operation of commercial activities in the international market, the logistics industry has become an important link, It must bear the brunt of a great impact. Considering its importance in the international trade system and the operation of the international market, the impact of this impact has a series of consequences. Therefore, based on the impact of the epidemic and the status of the international logistics industry in the international economic order, please discuss and analyze the epidemic's affect on international logistics and transnational business models.
Objective description of related business cases, clear argument or existing problems The impact of the epidemic on international logistics and transnational business models has a significant effect. Many sectors of the global economy are suffering from the spread of the virus. The logistics industry, which is responsible for transporting goods to different parts of the world, has been impacted as a result of the epidemic. The logistics industry is a crucial aspect of global trade and commerce, and any disruption to its functioning has severe repercussions. The epidemic has disrupted the supply chain of many businesses, and this has resulted in an increase in prices and a reduction in the quality of goods. In addition, many businesses that rely on the logistics industry have been forced to shut down their operations due to the epidemic.
To know more about economic visit :
https://brainly.com/question/14355320
#SPJ11
A __________ breach of contract discharges the nonbreaching party’s duties and permits that party to sue for damages or __________ the contract and seek __________.
A material breach of contract discharges the non breaching party’s duties and permits that party to sue for damages or revoke the contract and seek a temporary injunction.
A material breach allowed by the contract cannot even come close to being a breach, much less a significant breach, according to contract law. Additionally, the duties sum was not paid. You would have the right to sue if you ordered a computer online and only received the monitor because that would constitute a serious non breaching of the contract. There are numerous ways a contract might be broken, however the following are the most typical: Content Breach Impertinent Breach.
To learn more about non breaching, click here.
https://brainly.com/question/14454694
#SPJ1
cost-benefit analysis cost-benefit analysis considers only short-term effects. involves value judgments and factual uncertainties. is a value-free social-scientific approach. values costs over benefits focusing on internalities.
A cost-benefit analysis examines the costs and advantages of regulation to address the issues of whether and how to regulate.
What does cost-benefit analysis in an EIA entail?A tool for ranking projects or selecting the best course of action is cost benefit analysis (CBA). Based on projected financial costs and advantages, a ranking or decision is made. A project should be started if its long-term expected benefits outweigh its long-term anticipated expenses, according to the guideline.
What is the primary objective of a cost-benefit analysis?To decide whether it is worthwhile to take on a project or task is the primary objective of cost-benefit analysis. Obtaining data on the project's expenses and advantages helps in making this decision.
To know more about cost visit:
https://brainly.com/question/30045916
#SPJ4
What gives commodity money its value? a government’s guarantee of its value the type of material with which it is made its rate of exchange in other countries the ability to trade it for a valuable good
Answer:
B. the type of material with which it is made
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Also, an exchange can be defined as the process of providing goods and services by an individual or organization, to meet the needs of customers in exchange for an amount of money.
Hence, the type of material with which money is made is what gives commodity money its value because it is based on the perception of the buyer and seller of goods and services. A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds, silver, cowry, cocoa, copper and other valuable resources.
Answer:
B is correct
what is the difference of communism and socialism?
Which of the following is not a business product category in the business-to-business
Answer:
I think it is Specialty Products.
Explanation:
Sorry if I'm wrong
Assume a stock has a value of $100. The stock is expected to pay a dividend of $2 per share at year-end. An at-the-money European-style put option with one-year maturity sells for $7. If the annual interest rate is 5%, what must be the price of a 1-year at-the-money European call option on the stock? (Round your answer to 2 decimal places.)
the price of the 1-year at-the-money European call option on the stock must be $11.76.
To solve this problem, we can use the put-call parity formula:
C + PV(X) = P + S
where C is the price of the call option, PV(X) is the present value of the strike price, P is the price of the put option, and S is the current stock price.
Since the put option is at-the-money, the strike price X is equal to the current stock price S, which is $100. Also, the present value of the strike price PV(X) can be calculated as:
PV(X) = X / (1 + r)^t
where r is the annual interest rate, t is the time to maturity in years, and X is the strike price. Substituting the values given, we get:
PV(X) = 100 / (1 + 0.05)^1 = 95.24
Substituting all the values into the put-call parity formula and solving for C, we get:
C = P + S - PV(X) = 7 + 100 - 95.24 = 11.76
Learn more about stock here:https://brainly.com/question/31476517
#SPJ11
if a nation's labor force receives a significant influx of young workers: group of answer choices the natural rate of unemployment is likely to increase.
While there may be some potential challenges associated with incorporating a significant influx of young workers into a nation's labor force, it is unlikely that this would lead to an increase in the natural rate of unemployment.
If a nation's labor force receives a significant influx of young workers, it is unlikely that the natural rate of unemployment would increase. In fact, it is possible that the natural rate of unemployment could decrease as a result of this influx of workers.
The natural rate of unemployment is the rate of unemployment that exists when the economy is operating at full employment, with all available resources being used efficiently. It is influenced by factors such as demographics, technology, and labor market policies.When a nation's labor force receives a significant influx of young workers, this can have several potential effects on the labor market.
First, it can increase the overall size of the labor force, which can lead to increased demand for goods and services and potentially lower unemployment rates. Additionally, young workers may be more willing to accept lower-paying or entry-level jobs, which can make it easier for employers to fill open positions and may lead to a decrease in the natural rate of unemployment.
However, there may also be potential challenges associated with incorporating a large number of young workers into the labor force, such as ensuring that they have the necessary skills and training to succeed in their jobs. Additionally, if the influx of young workers is not balanced by an increase in job opportunities or demand for goods and services, it is possible that unemployment rates could still remain high.
For more such questions on influx
https://brainly.com/question/30023580
#SPJ11
All of the following are relevant considerations when determining if a customer account has been churned EXCEPT:A. excessive size of transactions in the accountB. transactions that are inconsistent with the customer's objectiveC. excessive frequency of transactions in the accountD. transactions that are within the financial resources of the client
The relevant consideration when determining if a customer account has been churned is option D) transactions that are within the financial resources of the client.
Customer churn refers to the situation where a customer stops doing business or terminates their relationship with a company. When evaluating customer churn, the focus is on identifying indicators or patterns that suggest a customer has ceased or significantly reduced their engagement with the company.
Options A, B, and C are all relevant considerations in determining churn. The excessive size of transactions, transactions inconsistent with the customer's objective, and excessive frequency of transactions can all be indicative of churn. For example, if a customer suddenly makes large transactions that deviate from their typical behavior or show a significant decrease in transaction frequency, it may suggest dissatisfaction or disengagement.
In contrast, option D, transactions that are within the financial resources of the client, does not directly contribute to the assessment of churn. This consideration focuses more on the customer's financial capabilities and whether they have the means to make the transactions, rather than on their decision to continue or discontinue their relationship with the company.
When evaluating churn, it is essential to consider factors such as changes in transaction behavior, customer communications, feedback, or other signs that indicate a reduced interest or involvement with the company's products or services. These indicators can provide insights into whether a customer account has been churned, enabling the company to take appropriate actions to retain customers or identify opportunities for re-engagement. Therefore, the correct option is D.
Know more about Consideration here:
https://brainly.com/question/27027695
#SPJ11
Is there an ethical issue in this situation? Discuss. (after posting your answer, respond to one other post meaningfully).(Hint: see Exhibit 1-7, AMA Ethical values on page 26 of the Textbook to answer the above. Can you point out 2 relevant AMA value(s) that might have been violated in the above situation?)
Answer:
Explanation:
The American Marketing Association commits itself to promoting the highest standard of professional ethical norms and values for its members (practitioners, academics and students). Norms are established standards of conduct that are expected and maintained by society and/or professional organizations. Values represent the collective conception of what communities find desirable, important and morally proper. Values also serve as the criteria for evaluating our own personal actions and the actions of others. As marketers, we recognize that we not only serve our organizations but also act as stewards of society in creating, facilitating and executing the transactions that are part of the greater economy. In this role, marketers are expected to embrace the highest professional ethical norms and the ethical values implied by our responsibility toward multiple stakeholders (e.g., customers, employees, investors, peers, channel members, regulators and the host community).
Ethical Norms
As Marketers, we must:
Do no harm. This means consciously avoiding harmful actions or omissions by embodying high ethical standards and adhering to all applicable laws and regulations in the choices we make.
Foster trust in the marketing system. This means striving for good faith and fair dealing so as to contribute toward the efficacy of the exchange process as well as avoiding deception in product design, pricing, communication, and delivery of distribution.
Embrace ethical values. This means building relationships and enhancing consumer confidence in the integrity of marketing by affirming these core values: honesty, responsibility, fairness, respect, transparency and citizenship.
Ethical Values
Honesty – to be forthright in dealings with customers and stakeholders. To this end, we will:
Strive to be truthful in all situations and at all times.
Offer products of value that do what we claim in our communications.
Stand behind our products if they fail to deliver their claimed benefits.
Honor our explicit and implicit commitments and promises.
Responsibility – to accept the consequences of our marketing decisions and strategies. To this end, we will:
Strive to serve the needs of customers.
Avoid using coercion with all stakeholders.
Acknowledge the social obligations to stakeholders that come with increased marketing and economic power.
Recognize our special commitments to vulnerable market segments such as children, seniors, the economically impoverished, market illiterates and others who may be substantially disadvantaged.
Consider environmental stewardship in our decision-making.
Fairness – to balance justly the needs of the buyer with the interests of the seller. To this end, we will:
Represent products in a clear way in selling, advertising and other forms of communication; this includes the avoidance of false, misleading and deceptive promotion.
Reject manipulations and sales tactics that harm customer trust.
Refuse to engage in price fixing, predatory pricing, price gouging or “bait-and-switch” tactics.
Avoid knowing participation in conflicts of interest.
Seek to protect the private information of customers, employees and partners.
Respect – to acknowledge the basic human dignity of all stakeholders. To this end, we will:
Value individual differences and avoid stereotyping customers or depicting demographic groups (e.g., gender, race, sexual orientation) in a negative or dehumanizing way.
Listen to the needs of customers and make all reasonable efforts to monitor and improve their satisfaction on an ongoing basis.
Make every effort to understand and respectfully treat buyers, suppliers, intermediaries and distributors from all cultures.
Acknowledge the contributions of others, such as consultants, employees and coworkers, to marketing endeavors.
Treat everyone, including our competitors, as we would wish to be treated.
Transparency – to create a spirit of openness in marketing operations. To this end, we will:
Strive to communicate clearly with all constituencies.
Accept constructive criticism from customers and other stakeholders.
Explain and take appropriate action regarding significant product or service risks, component substitutions or other foreseeable eventualities that could affect customers or their perception of the purchase decision.
Disclose list prices and terms of financing as well as available price deals and adjustments.
A customer buys 100 shares of ABC stock, which is now trading at $63. The customer wants to create a dividend supplement to the position. He should: A buy a call B buy a put C sell a call D sell a put
Answer:
sell a call
Explanation:
He should sell a call because he wanted to create a dividend supplement to the position.
What is selling a call?This involves a call sellers who have an obligation to sell the underlying stock at the strike price and have a short call position.
Hence, as he wants to create a dividend supplement to the position, then, the best option is to sell a call.
Therefore, the Option C is correct.
Read more about call selling
brainly.com/question/25603919
#SPJ2
Which image format is good for compressing large, complex images like photos into smaller file sizes? A. GIF B. JPEG C. ODG D. DRAW
Answer: JPEG
Explanation:
JPEG is an acronym that stands for Joint Photographic Experts Group. It is typically used to compress large files sizes into smaller sizes. This enables images to be shared easily. It should be noted that apart from reducing the format size of the image, it also reduces the image quality.
GIF is an acronym for Graphics Interchange Format. It is also used to compress large image files but doesn't compress it as much as a JPEG will do. It also supports animation.
Answer:
B. jpeg :)
Explanation:
3
Question 3 (1 point)
Brian wants to take on more of the sales responsibilities. Which activity might he
focus on? Choose the answer.
making business cards
posting social media ads
giving service estimates to customers
mowing yards himself
As Brian wants to take on more sales responsibility, the activity he can focus on is posting social media ads, which helps reach people quickly and cheaply.
Brian needs to identify which social media his potential audience is most on, and then develop a strategy for serving the ads in ways that increase customer relationships, generate engagement and create value.
Posting ads on social media can therefore increase Brian's sales accountability, as well as being an instant communication method where he can increase engagement by resolving queries and demonstrating the product's benefits for completing the purchase process.
Learn more here:
https://brainly.com/question/1489991
Answer:
Giving service estimates to customers
Explanation:
Took the test
how are the realities of advanced manufacturing potentially different than traditional views held about the manufacturing sector?
The dichotomy's fallacy is most obvious when, on the one hand, 'advanced manufacturing' is characterized by referring to the employment of new technologies, innovation, high-performance workspaces, supply chain engagement, and the like, whilst 'old manufacturing' is defined by sector.
advanced manufacturing linesTraditional production lines, on the other hand, can only create a single product or a small number of extremely similar goods in large quantities. Traditional manufacturing technologies, such as injection molding, need a different product design and production strategy than additive manufacturing. When it comes to mass production, conventional manufacturing processes continue to outperform newer production methods. Rapid manufacturing and prototyping, on the other hand, have become an essential part of the design and production process, allowing firms to materialize their concepts in a timely and cost-effective manner.
To know more about manufacturing lines visit the link
https://brainly.com/question/13411783
#SPJ4
The represents the relationship between the yield to maturity and different maturities. a. expectations theory b. time to maturity c. term structure d. risk structure of interest rates e. bond indentu
The term structure (c) represents the relationship between the yield to maturity and different maturities of bonds.
The term structure of interest rates represents the relationship between the yield to maturity and different maturities of bonds. It describes how the interest rates for bonds of similar risk and credit quality vary based on their time to maturity.
The term structure is often depicted using a yield curve, which shows the relationship between interest rates (yields) and the time remaining until maturity for a set of bonds. The shape of the yield curve can provide insights into market expectations, economic conditions, and investors' risk preferences.
Different theories and models, such as the expectations theory and risk structure of interest rates, attempt to explain the term structure and its implications for bond pricing and market dynamics. Overall, the term structure of interest rates is an important concept in finance and plays a crucial role in determining bond prices and investment decisions.
Learn more about the interest rates from the given link
https://brainly.com/question/28236069
#SPJ11
Halima wants a Manufacturing career. She wants to be very successful and get paid well. Which career pays the
highest salary?
A.hand packages
B.mechanical engineer
C.quality control inspectors
D.environmental engineering technician
Answer:
D
Explanation:
Answer:
The answer is actually B) Mechanical engineer
Explanation:
I got 94% right on the edge unit test :)
Outlines the changes in the business environment that have contributed to the growth and importance of management accounting
Globalization, technological advancements, and increased competition have all played a role in driving the demand for more sophisticated and accurate financial information.
Companies are now operating in a more complex and dynamic environment, which requires them to be more strategic and proactive in their decision-making. Management accounting provides the necessary tools and information to help companies make informed decisions, manage risks, and achieve their goals. Additionally, regulatory changes and increased scrutiny from stakeholders have also heightened the need for transparent and reliable financial reporting. In this context, management accounting has become an indispensable function that supports business success by providing vital insights into performance, profitability, and cash flow. As a result, management accountants are now valued as strategic business partners who play a critical role in driving growth and profitability.
Learn more about Globalization, Click On the link below:
https://brainly.com/question/12646918
#SPJ11
How long do cross-departmental teams work together?
Answer:
First, department heads should be modeling cross-departmental collaboration by regularly and visibly engaging with each other – and with each other’s teams. If they notice that their department is becoming too isolated or is hesitant to collaborate with others, these leaders should be the first to start building bridges, and not just directing others to do so. Second, you need a mechanism in place to effectively collect employee feedback, in a way that makes employees feel safe from any negative consequences for speaking up.
Explanation:
Hope this helped! :)
ingrum corporation produces and sells two products. in the most recent month, product r38t had sales of $20,000 and variable expenses of $7,400. product x08s had sales of $39,000 and variable expenses of $6,170. the fixed expenses of the entire company were $41,160. if the sales mix were to shift toward product r38t with total sales remaining constant, the overall break-even point for the entire company: select one: a. would increase. b. would decrease. c. could increase or decrease. d. would not change.
a.) The company's total break-even point would rise if the sales mix shifted in favor of products like product r38t that had lower contribution margin ratios.
The sales level at which a company's total revenues and total costs are equal is known as the break-even point. The contribution margin ratio, which is the difference between total sales and total variable expenditures, may be used to determine it by dividing the total fixed expenses by it.
The company's contribution margin ratio in the hypothetical situation is 45.58%. Assuming stable total sales, the company's overall contribution margin ratio would go down if the sales mix shifted towards product r38t, which has a lower contribution margin ratio than product x08s. As a result, the company's overall break-even point would rise since it would take more revenues to pay its fixed expenses.
learn more about break-even point here:
https://brainly.com/question/29063970
#SPJ4
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friendPLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS
What can give working people information about their fields, including conferences and leadership opportunities in those fields?
an extracurricular activity
a career and technical student organization
a professional organization
a cocurricular activity
Answer:
a professional organization
Explanation:
A professional organization is formed to promote the growth of the profession and advance the interest of people working in that profession.
A professional organization is also known as a professional association. It facilitates communication and connection among its professionals. It supports innovations and creativity that help develop and grow the profession. Through their regular meeting, members of a profession share information on the trending issues, opportunities, and challenges affecting the profession.
Answer:
C
Explanation:
Anthem Company has 100,000 shares authorized, 96,000 shares issued, and 23,000 shares of treasury stock. Determine the number of shares outstanding.
The number of outstanding shares is 73,000 shares.
What are the outstanding shares?Shares outstanding refer to a company's stock that is currently held by all its shareholders. They exclude treasury stock, but include:
Block shares held by institutional investors Restricted shares owned by the company's officers and insiders.Outstanding shares appear on a company's balance sheet under “Capital Stock.”
Data and Calculations:Authorized shares = 100,000
Issued shares = 96,000
Treasury stock = 23,000
Outstanding shares = 73,000 (96,000 - 23,000)
The number of outstanding shares is 73,000 shares.
Learn more about outstanding shares athttps://brainly.com/question/25630152
what is the manager
Answer:
Karens go-to person
Explanation:Just because
risk management is now recognized as one of the most important project management tasks. group of answer choices no answer text provided. a) true no answer text provided. b) false
True, risk management is now recognized as one of the most important projects management tasks.
Management may be defined as a manner of having the work or the challenge performed that is required for reaching the dreams of an organization in an efficient and powerful way. The procedure implies the functions of the management. This is making plans, organizing, staffing, directing, and controlling.
Accomplishes branch goals via dealing with groups of workers; planning and comparing branch sports. keeps a group of workers by means of recruiting, deciding on, orienting, and educating personnel. guarantees a safe, secure, and criminal painting environment. Develops personal boom opportunities.
Learn more about management here:-https://brainly.com/question/1276995
#SPJ4
Firm A uses production technology that affects the environment. Which of the following are command-and-control policies used by the government to regulate firm A? (Check all that apply.) A. Firm A has to pay a penalty to the government for not using environment-friendly technology. B. Firm A receives a reward from the government for using environment-friendly technology. C. Firm A is not allowed by the government to produce more than 100 units if it does not use environment-friendly technology. D. The government makes it compulsory for firm A to use environment friendly technology.
A) Firm A has to pay a penalty to the government for not using environment-friendly technology.
D) The government makes it compulsory for Firm A to use environment-friendly technology.
Command-and-control policies are regulatory measures that use laws, rules, and regulations to compel firms to reduce their negative impact on the environment. In this scenario, Firm A's use of production technology affects the environment, and the government has several options to regulate its behavior
Option A states that the government imposes a penalty on Firm A for not using environment-friendly technology. This is an example of a "polluter-pays" principle where firms are held responsible for the negative environmental externalities they generate.
Option D states that the government makes it mandatory for Firm A to use environment-friendly technology. This approach is often used to promote the adoption of cleaner technologies, which may not be economically viable for firms to undertake voluntarily.
Options B and C are not examples of command-and-control policies. Option B is an example of an incentive-based policy where firms are rewarded for using environment-friendly technology. Option C is a quantitative restriction on the amount of production allowed, which is not directly related to the use of environment-friendly technology.
Learn more about technology here:
https://brainly.com/question/9171028
#SPJ11
Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
Explain why the credit industry wants you to believe that you need a credit score
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
Learn more about Credit score here
brainly.com/question/16663880
Classifying items on the balance sheet as current and noncurrent assists financial statement users in assessing what aspects about a company?
The classification of items on the balance sheet as current and noncurrent assists the financial statement users in assessing the solvency & liquidity a company.
What is a solvency & liquidity?A solvency means a firm ability to meet long-term debts and continue operating into the future while the liquidity means the firm ability to pay short-term bills and debts and a company's capability to sell assets quickly to raise cash.
Therefore, the classification of items on the balance sheet as current assets (such as inventory, debtors, cash, bank) and noncurrent (land, machinery, building etc) assists the financial statement users in assessing the solvency & liquidity a company.
Read more about solvency
brainly.com/question/15686386
#SPJ1
Superb Ltd. Is a well diversified company engaged in development of real estate, tourism and
textiles. The company plans to raise a sum of Rs. 120 crores in order to finance its expansion plans. Presently, there is a conflict among its financial managers as to whether the company should float an issue of equity shares or debentures to raise the required amount of funds. Which of the two sources of funds will you suggest considering the fact that company has not raised much debt capital so far and why? Class 11
Answer:
Since the company's debt level is very low, then it should probably issue new debt. The advantage of issuing debt is that debt is always cheaper than equity. E.g. the company issues a bond with a 10% coupon rate and the corporate tax rate is 30%. The after tax cost of debt = 10% x (1 - 30%) = 7%.
Issuing bonds with a 10% coupon rate is not something impossible, and actually the interest rate is pretty high. Some companies issue bonds at 4 or 5%. But to raise new capital offering a return on equity of 7% or less is extremely odd and difficult. Generally, the cost of equity of normal corporations tends to be about twice as higher as the cost of debt.
Since the company's debt level is so low, it should almost certainly issue fresh debt. The benefit of issuing debt is that it is always less expensive than issuing equity. For example, suppose a corporation issues a bond with a 10% coupon rate and a 30% corporate tax rate.
About Sources of funds:
Issuing bonds with a ten percent coupon rate isn't difficult, and the interest rate is actually quite high.
Some businesses issue bonds with a 4% or 5% interest rate. However, raising additional capital with a return on equity of 7% or less is unusual and challenging. In general, normal firms' cost of equity is about twice as high as their cost of debt.
For more information about Sources of funds refer to the link:
https://brainly.com/question/17082867
when a multinational corporation opens a new factory in another country what an economic responsibilities must it meet
Answer:
Giving their workers' fair salary
Explanation:
If a company open their factory in another country, they most likely do it in order to cut down the cost of their production (since they can pay their workers cheaper compared to the workers from their country of origin).
Economic responsibilities refers to fulfilling the company's obligation to the society while still maintaining economic profit.
Even though it's true that foreign workers tend to require cheaper salary, that doesn't mean that the company could just exploit them and force them to work with little salary as possible. The salary need to still enable those workers to live with a good standard of liking in that foreign country.
When multinational corporation opens a new factory in another country, they must ensure that economic requirement of minimum or fair wage must be provided to the workers.
Basically, the economic responsibilities refers to those obligation which is expected form an organization to the society and nation while still maintaining its economic profit.
The location of industry in the particular country by Multinational companies will be beneficial for the company but will be expected to adhere by the country requirement such as Licensing, tax, Minimum wage etc.
Therefore, when multinational corporation opens a new factory in another country, they must ensure that economic requirement of minimum or fair wage must be provided to the workers.
Learn more about this here
brainly.com/question/15037132