Which of the following was a consequence of Henry Ford's unprecedented move of increasing his workers' pay?
A) The workers left Ford's company in search of better standards of living.
B) The price of the automobiles increased dramatically.
C) The demand for Ford's automobiles increased.
D) Ford's company suffered a huge loss due to the increased expenses.
C
Business
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Simpsons, a manufacturer of air conditioners, finds that its sales potential is less than its market potential even when it spends a sufficient amount on advertisements and after sale services
What is the basic reason behind such an observation by the marketers of Simpsons?
Business
Which of the following market entry strategies requires the lowest level of investment from a company?
A) indirect exporting B) direct exporting C) joint venture D) joint ownership E) direct investment
Business