Gathering the right information to address a business issue step is typically included in the reviewing stage of developing an effective business message.
One of the most crucial and frequent features among effective firms is the capacity to generate a profit in the face of competition. Businesses that are profitable can grow, expand, maintain financial stability, and provide income for their owners. A company must get more revenue than it expends in order to turn a profit. Planning is the first step in creating effective businesses messaging since they are well-structured and context-appropriate. You should perform a scenario analysis Abefore you start planning. The next step is to compile all pertinent and appropriate data or information. The objective and scope of the message will decide how much research you perform. After completing the first two phases, you should build an outline.
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when the price level rises unexpectedly, some businesses may mistake part of the increase for an increase in the price of their product relative to others and so decrease their production. a. true b. false
True - when the price level rises unexpectedly, some businesses may mistake part of the increase for an increase in the price of their product relative to others and so decrease their production.
production is the manner of mixing various inputs, both cloth (along with steel, wood, glass, or plastics) and immaterial (which includes plans, or understanding) that allows you to create output. preferably this output can be an excellent or carrier which has cost and contributes to the software of people.[1] The region of economics that makes a speciality of production is referred to as manufacturing concept, and it is closely associated with the consumption (or customer) principle of economics. as a way to create output. preferably this output might be a good or carrier which has fee and contributes to the utility of people.
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explain how an increase in the price level affects the real value of money.
Money may purchase fewer products and services as prices grow. Therefore, we refer to a decrease in its purchasing power. In contrast, as prices drop, more may be purchased with a given amount of money, which is known as an increase in purchasing power.
Why Does the Price Level Change?A country's population has access to more money for purchases when the amount of money in circulation is increased (for instance, by printing new notes), which increases demand for products and services and raises prices.
In contrast, if there is less money available, fewer things may be purchased, and prices tend to drop. Once more, the price level tends to decrease and to rise in response to changes in the supply of products and services.
Therefore, there won't often be any change in the price level if the supply of money increases by 25% and the supply of products and services increases by the same 25%.
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suppose becky lives in a city with an optional toll lane that assures a drive at the posted speed limit. she leaves her office at 5:00 for her usual 30 minute commute but hears on the radio that if she drives in the non-toll lanes, her commute will take 1 hour due to an accident. becky should a. choose to drive in the free-flowing toll lane as long as the toll is less than $10. b. choose to drive an alternate route to try to avoid some of the traffic. c. choose to drive in the free-flowing toll lane as long as the toll is less than $30. d. call the daycare and tell them to expect her at 6:00.
She leaves her office at 5:00 for her usual 30 minute commute but hears on the radio that if she drives in the non-toll lanes, her commute will take 1 hour due to an accident. Becky should choose to drive in the free-flowing toll lane as long as the toll is less than $30.
What are the 3 solutions to the tragedy of the commons?Each person attempting to maximize their income is the cause of the tragedy of the commons. Each person is caught in an endless loop because they are constantly looking to maximize their gain. Pollution is one manifestation of the tragedy of the commons.
Private and social motivations are different. Common resources are not excludable and do not compete in consumption. Common resources are competitor in consumption yet cannot be excluded.
The phrase "tragedy of the commons" describes a situation in which people who have access to a shared resource, also known as a common, act selfishly and ultimately deplete the resource. British author William Forster Lloyd initially conceived of this economic theory in 1833.
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you own a portfolio that has $2,500 invested in stock a and $3,600 invested in stock b. assume the expected returns on these stocks are 10 percent and 16 percent, respectively. what is the expected return on the portfolio? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The expected rate of return on the portfolio will be 13.54%. A portfolio is an accumulation of financial assets, such as securities, commodities, bonds, cash, and cash equivalents, such as closed-end funds and exchange-traded funds (ETFs).
The wisdom of diversification, which essentially means not putting all of your eggs in one basket, is one of the fundamental ideas in portfolio management. By distributing investments among different financial instruments, industries, and other categories, diversification aims to lower risk. By making investments in many sectors that would all respond differently to the same occurrence, it seeks to optimise returns. There are numerous ways to diversify.
In the given question,
For Stock A,
Investment = $2,500
Weight = 0.409836066
Rate = 10% = 0.1
Now,
Weight x Rate = 0.040983607
For Stock B,
Investment = $3,600
Weight = 0.590163934
Rate = 16% = 0.16
Now,
Weight x Rate = 0.09442623
Total investment = $2,500 + $3,600
= $6,10
Rate of return on portfolio = 0.135409836
= 13.54%
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Which is the best measure of economic growth of a country? A. National Income B. Net National Produce C. Gross Capittal Formation D. Gross Domestic Product
The most accurate measure of the economy is the (D) gross domestic product (GDP).
What is Gross Domestic Product?Compared to gross national product (GNP), which is primarily used to comprehend the total income of a country's citizens within a specific time period, gross domestic product (GDP) is a more relevant indicator of the economy.
The contribution of each industry or sector to the overall GDP can also be quantified.
The per capita GDP of a region is calculated as the GDP divided by the total population.
GDP is frequently used as a benchmark for cross-national comparisons and as a general indicator of economic development.
The "world's most powerful statistical indicator of national development and progress," as the saying goes.
Therefore, the most accurate measure of the economy is the (D) gross domestic product (GDP).
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question content areaunder the indirect method, the first line in the operating activities section of the statement of cash flows is the net income or loss for the period. true
Under the indirect method, the first line in the operating activities section of the statement of cash flow is the net income or net loss for the period, it is a true statement.
Cash-related net income activities are included in operating activities. For instance, because revenues and expenses are included in net income, operating activities include cash gained from the sale of goods (revenue) and cash spent on goods (expense). Cash that is produced by a company's regular operating procedures is known as operating cash flow. Investors place a high value on a company's capacity to continually produce positive cash flows from its ongoing activities. The true profitability of a corporation can be discovered, especially through operating cash flow. One of the most accurate ways to measure the sources and uses of money.
A cash flow statement is created to show the sources and uses of a company's cash over a specific time period. Although the cash flow statement is typically regarded as being less significant than the income statement and the balance sheet, it can be utilized to comprehend performance trends that aren't apparent from the other two financial statements.
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the unemployment rate in wisconsin is usually lower than the national unemployment rate. group of answer choices true false
The unemployment rate in wisconsin is usually lower than the national unemployment rate. group of answer choices true .
The unemployment rate is the proportion of the work force that is unemployed. Because it is a trailing indicator, it frequently increases or decreases in response to changes in economic conditions rather than anticipating them. When the economy is in trouble and there are few open positions, the unemployment rate is likely to rise. The unemployment rate should go down when the economy is doing well and there are lots of open positions, as is expected. Every month on the first Friday, the United States releases its unemployment rate for the preceding month. You can access both the most recent and older versions of the report on the Bureau of Labor Statistics website.
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real property/land ownership includes air rights and subsurface materials. group of answer choices true false
Land proprietorship incorporates the upgrades, air freedoms, and materials of subsurfaces however do exclude individual property. These incorporate the oil, gas, minerals, and so forth through the outer layer of the land. Property is said as the legitimate title or ownership of something. The proprietors of these properties reserve the option to extricate regular assets inside the limits of their territory. The given assertion is true.
Genuine property alludes to the proprietorship freedoms related to realty. Realty alludes to land and everything forever connected. Individual property alludes to proprietorship freedoms related to personality. Personality is all things, unmistakable, immaterial is portable.
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the demand for money will shift to the right as a result of (multiple answers are accepted) select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a an increase in gdp. b an increase in the interest rate. c a decline in the interest rate. d an increase in wealth.
The demand for money will shift to the right with an increase in nominal GDP. So option a. is correct.
An increase in GDP will raise the demand for money because people will need more money to make the transactions necessary to purchase the new GDP. In other words, real money demand rises due to the transactions demand effect.
Money supply refers to all the currency and other liquid instruments in a country's economy. Gross domestic product (GDP) is a measurement of the total value of the finished goods and services produced within a country's borders within a specified period of time.
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In the context of strategic planning, which of the following is true of mission statements?
a.They provide a clear, long-term focus for an organization.
b.They are circulated within an organization, not outside.
c.They follow a common format across various organizations.
d.They contain complex words and phrases.
The correct answer is d.They contain complex words and phrases. therefore the correct option (D) option.
The primary reason for a startup's existence is described in its mission statement. It outlines the social impact that the group hopes to have. The mission statement serves as the foundation for developing the strategic objectives and the strategic plan, not as a strategic aim. The right response is D, as they concentrate on the organization's long-term prospects. Strategic plans concentrate on the organization's big picture.The mission statement of a corporation outlines its culture, beliefs, ethics, core objectives, and agenda. It also describes how each of these impacts the company's stakeholders, including its workers, distributors, suppliers, shareholders, and the general public.
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when a grocery store negotiates witha supplier to deliver 150 cartoons of milk per day because they have measured that customers purchase 150 cartoons of milk per day this type of inventory is typically called
A grocery store negotiates with a supplier to deliver 150 cartoons of milk per day because they have measured that customers purchase 150 cartoons of milk per day this type of inventory is typically called raw materials and components.
An inventory or stock refers to the goods or merchandise that a business holds for the ultimate goal of resale, production or utilization. The capital raised by a company or corporation through the issue and buying of shares.
Competitive style negotiators pursue their own needs and expectations even when this means others suffers just like grocery store negotiates with a supplier to deliver 150 cartoons of milk.
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a hurricane has affected a company in florida. what is the first step in the order of restoration? group of answer choices
A hurricane has affected a company in Florida. The first step in the restoration sequence is to enable and test the power distribution system.
A tropical storm that has sustained winds of 74 mph or greater is referred regarded as a hurricane. A storm's eye typically measures 20 to 30 miles in width and can reach distances of 400 miles. Storms can be dangerous because of their torrential downpours, strong gusts, and storm surges. Because of their far greater size, longer length, and broader range of ways to cause property damage, hurricanes typically cause significantly more overall harm than tornadoes. The Taino term hurricane, which means a malevolent wind demon, is where the name hurricane originates. In the midst of World War II, in 1943, the first person ever to fly into a cyclone. Once winds reach 74 miles per hour or more, a tropical storm is considered a hurricane. According to a 2014 study by Dr. Edward Rappaport, deputy director of the National Hurricane Center, water is the No. 1 killer during a hurricane or tropical storm that strikes the U.S. - constituting nearly 90% of all tropical cyclone deaths - mostly by drowning in either storm surge, rainfall flooding, or high surf.
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________ can occur when an economy experiences excessive spending due to optimistic expectations of individual and/or business outlook.
Business cycles can occur when an economy experiences excessive spending due to optimistic expectations of individual and/or business outlook.
The economy is emerging from a downturn. Borrowing money is affordable, firms replenish their stocks, and customers start spending. The GDP increases, the per capita income increases, the unemployment rate decreases, and equities markets perform well overall. Peak: At some point, the expansion phase peaks.
A business cycle's peak, which is immediately followed by a contraction and final trough, is its highest point. Once economic data show that decline has started and isn't just noise, peaks are declared after the fact. The U.S. economy's peak-to-peak economic cycles have tended to endure longer on average.
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which of these is an effect rock and roll had on society in the united states in the 1950s?
Rock and Roll contributed to a cultural divide between generations
What was the effect of Rock and Roll on American society?
Rock & roll not only represented a new musical generation but also gave rise to one. Rock & roll pushed young people to reject the more traditional American way of life, increased the use of technology in daily life, and promoted civil rights campaigns that supported minorities and races, all of which had a profound impact on American culture.
Many people were aided by rock & roll in shifting from their pre-war perspectives to more modern ones. The younger generation believed that rock represented a break from the conflict and the "age of dread" that the last World War had produced, despite the fact that many parents abhorred it.
Because many "rock stars" supported a relaxed and laid-back way of life, rock & roll appeared to be associated with this. Because so many of the performers engaged in recreational drug usage, fans felt pressured to do the same because they believed that lifestyle to be normal. Rock & roll was perceived as outrageous, mostly due to the performers' gyrating and hip-grinding, their suggestive lyrics, and their rebellious undertones that offended parents and triggered teens' sensual sensibilities.
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Which of the following activity bases would be the most appropriate for food costs of a hospital? number of nurses scheduled to work how many MRI's are taken number of patients who May in the hospital quantity of Prescriptions filled
the answer of the given question is option c which is Number of patients stay in the hospital.
The public sector in Chile uses costing techniques sparingly. To decentralize and improve the quality of healthcare services, the Ministry of Health mandates that hospitals run independently. Self-management is nearly difficult in the absence of accounting data, though. On the other hand, there haven't been many research focusing on activity-based costing (ABC) systems or nutrition department expenses. In order to monitor object costs and an organization's financial performance more precisely, ABC concentrates on the process and tracks health care operations. Hospitals are being compelled by healthcare reform and declining reimbursements to examine their spending more carefully and discover new methods to save costs. The hospital cafeteria program should be reviewed as a feasible, affordable approach. A thorough management of this procedure can lead to greater savings and improved patient satisfaction.
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frank is a senior account planner in charge of concept testing. at which stage of a campaign is concept testing performed?
Frank is a senior account planner in charge of concept testing. Concept testing is done in the first phase of an ad or campaign run. Prior to a product's release on the market, concept testing involves employing surveys to gauge consumer acceptability of a new product idea.
Before introducing a product or service, you can test your concepts by asking clients what they think about them. This research technique is known as concept testing. As a result, you may determine your clients' acceptability and willingness to purchase and make important decisions prior to the launch. When revising your product or pricing, starting new marketing initiatives, or changing how you interact with customers, concept testing can help you avoid making poor decisions. As a consequence, your business will save time, avoid financial losses, and maintain good customer relations. Concept testing requires several steps, including establishing the study's objective, selecting the sample population, selecting a survey style, explaining the idea, gauging customer reaction, and analyzing the findings.
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percent of spending bills passed on time (on or before october 1) by congress for each fiscal year source: congressional research service, 2017 question which of the following statements is true based on the bar graph?
25% of the stand-alone appropriations measures enacted in 1981 did so on time.
What will happen if the budget is not approved by Congress by October 1?If all appropriations bills are not passed by the start of the fiscal year, Congress must declare a continuing resolution in order to keep the government running (October 1). The Senate Committee on Budget was established by the Congressional Budget Act of 1974. (Congress.gov).
Every year, by the first Monday in February, the president must submit a budget to Congress. The federal government's funding levels are outlined in the budget, together with estimates of its receipts and outlays for the ensuing fiscal year.
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Complete the sentence. Depository institutions provide fourbenefits, which are ______.
A. creating liquidity, lowering the cost of borrowing, paying interest on investment funds, and introducing new technology into banking
B. pooling risk, keeping inflation low and steady, lowering the cost of borrowing, and lowering the cost of monitoring borrowers
C. minimizing interest rates on purchases of large ticketitems, centralizing all household monetary needs in one location, introducing new technology into banking, and paying interest on investment funds
D. creating liquidity, lowering the cost of borrowing, lowering the cost of monitoring borrowers, and pooling risk
The correct answer is D. creating liquidity, lowering the cost of borrowing, lowering the cost of monitoring borrowers, and pooling risk.
They offer liquidity, safekeeping services, a check and electronic funds transfer payment system, pool the savings of numerous depositors and lend the money to individuals and businesses, and invest in assets. In the United States, there are three main categories of depository institutions. These include credit unions, commercial banks, and thrifts (which also include savings and loan organizations and savings banks). Organizations, banks, or other institutions that keep securities and support the trading of securities may act as depositories. They give safety and liquidity, invest in assets, lend to others with the money deposited, and provide a means for transferring cash.
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which of the following statements is correct? a. a firm's financial risk can be minimized by diversification. b. the factors that affect a firm's business risk include industry characteristics and economic conditions, both of which are generally beyond the firm's control. c. the amount of debt in its capital structure can under no circumstances affect a company's ebit and business risk. d. a firm's business risk is determined solely by the financial characteristics of its industry. e. one of the benefits to a firm of being at or near its target capital structure is that this generally minimizes the risk of bankruptcy.
A firm's business risk is determined solely by the financial characteristics of its industry is correct.
Is firm the same as company?A company, or firm, is a type of commercial entity that operates with the goal of turning a profit by selling products and services. Firm and business or company are interchangeable terms. Corporations and sole proprietorships are just two of the many organizational forms that businesses can use.
Between a company and a firm, what is the difference?A firm is a company that engages in the commercial sale of goods and services, typically professional services, for a profit. Contrarily, a company refers to a business engaged in any revenue-generating activity including the selling of products and services and encompasses all commercial trades and structures.
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What is an anti-pattern regarding an attribute of Agile architecture?
Used together, emergent design and intentionality continuously build and extend the architectural runway
Focuses on systems and applications used directly by the end users
Architects realize business objectives by translating strategy from strategic themes into solutions
To support continuous deployment, Agile architecture decouples deployment from release
Antipatterns are frequent responses to frequent issues where the response is ineffectual and may have unintended effects.
It is a popular technique that at first glance seems like a good solution, but ultimately has negative effects that outweigh any positive ones.
Another well-known, repeatable, and successful solution exists.
The idea of design patterns, which denote common efficient solutions to frequent issues, served as the inspiration for antipatterns.
Initially used in the context of software development, antipatterns have now been applied to other areas of software engineering, businesses, and project management.
Coaches and consultants frequently use antipatterns to highlight undesirable behaviour in the teams they work with and to recommend more effective patterns.
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after much trial and error in creating sales forces, most companies today attempt to establish a: a) hybrid sales force composed of expatriates and in-country nationals. b) sales force composed of a majority of expatriates. c) hybrid sales force composed of expatriates and third country nationals. d) sales force composed of third country nationals. e) sales force consisting of all in-country nationals.
The majority of businesses nowadays strive to construct a hybrid sales force made up of foreign nationals and locals after considerable trial and error in building sales forces.
Although salespeople may provide the buyer some product information, they are frequently less interested with fostering long-term client connections when conducting consumer sales. Automobile salespeople and the sales staffs present in various retail establishments are examples of consumer sales forces.The area of a company that deals with selling goods or services. A crucial first step in determining whether and how to expand your sales team is to assess your present sales team. The primary focus of sales force objectives and plans is to enhance top-line revenue growth for businesses, while they may also aim to cut marketing expenses and raise profitability.Thus the correct answer is option A.
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what is the incremental manufacturing cost incurred if the company increases production from 17,250 to 17,251 units?
Cost per unit increases by $17.90 if the company increases production from 17,250 to 17,251 units.
What is incremental manufacturing cost?The overall expense incurred as a result of producing one extra unit of a product is known as the incremental cost. The cost of an incremental unit of production is calculated by examining the additional costs incurred during the production process, such as raw materials. Businesses can increase production efficiency and profitability by having a better understanding of incremental expenses.
Since incremental costs are the expenses spent while producing an additional unit, they wouldn't exist if production stayed the same. Typically, incremental costs are less expensive to manufacture than unit average costs. Variable costs—those associated with costs that change in response to changes in production volumes—are always a component of incremental costs.
Since 17,251 units are still within the acceptable range of output, no additional fixed costs would be incurred, we can simply compute the additional variable cost of producing one extra unit to determine the incremental manufacturing cost by increasing the volume of production from 17,250 to 17,251 units.
extra cost per unit= $8.80 +$5.80 +$3.30 =$17.90
Cost per unit increases by $17.90
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If a small firm is to maintain its performance over time, it is essential to
A. retain the personnel who made the firm successful in the first place.
B. extend the competitive advantage of the firm.
C. produce a continuous stream of competitive advantages.
D. replicate the strategies that have led to success in the past.
If a small firm is to maintain its performance over time, it is essential to produce a continuous stream of competitive advantages. The correct answer is C.
A competitive advantage is defined as a factor that distinguish a company's ability to get ahead of its competitors by manufacturing either more affordable or better products or services compared to its competitors in order to obtain more customers and grow its market shares. There are many factors affecting a company's competitive advantages ranging from branding, quality of the products and services, product specialization, widespread distribution of products and services, as well as excellent customer service/support.
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if one u.s. dollar buys 1.64 canadian, how many u.s. dollars can you purchase for one canadian dollar
0.37 0.61 1.00 1.64 3.28. If one US dollar is comparable to 1.64 CA dollars.
Where Can I Find the Best CAD to USD Exchange Rates?
Wise continuously emerged as the least expensive services for money transfer with the greatest CAD to USD exchange rate from March 2021 to March 2022. Instarem and OFX have placed second and third during the past 12 months, respectively.
Although the US dollar is not accepted everywhere in Canada, the government does utilize the Canadian dollar as its international currency. We actually recommend using regional cash to buy items and services.
What is $100 US in Canadian currency?
136.44000
Are you paying your bank too much?
Acts of convert 10 US dollars = 13.64400 Canadian dollars
CAD 27.28800 USD 20
68.22000 CAD or 50 USD
136.44000 CAD or 100 USD
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assume that this economy is at e1. now government deficit spending is increased, but the federal reserve does not expand the money supply. according to this model:
Assume that this economy is at e1. Now, government deficit spending is increased, but the federal reserve does not expand the money supply. According to this model Real GDP will expand, but not as much as if the Federal Reserve had expanded the money supply.
The Real GDP is a macroeconomic measure of the value of economic output adjusted for price changes. This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
The fed uses its tool to control the supply of money to help stabilize the economy. When the economic is slumping, the fed increases the supply of money to spur growth. Conversely, when inflation is threatening.
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Which of the following is true of the best case scenario for expansionary fiscal policy ? A. there are lots of underemployed resources
B. there are few underemployed or unemployed resources
C. there are lots of underemployed resources but few unemployed resources
D. there are lots of unemployed resources but few underemployed resources
The best-case scenario for an expansionary fiscal policy would result in a large number of underutilized resources.
What is the ideal course of fiscal policy?The best case scenario for expansionary fiscal policy is when the economy has a large number of underutilized resources and the government is adept at locating and directing these resources. A recession brought on by a shock to aggregate demand is the best case scenario for fiscal policy.
Which of the following best describes a fiscal policy that is expansionary?Tax reductions and higher government spending are the two primary manifestations of an expansionary fiscal policy. Both of these measures aim to boost overall demand while adding to deficits or reducing budget surpluses.
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a brand inventory that identifies an individual's behavioral patterns in terms of steadiness, influence, dominance, and conscientiousness is called . multiple choice question.
The DiSC assessment tool is a brand inventory that pinpoints a person's behavioural tendencies in terms of constancy, influence, dominance, and conscientiousness.
A personal assessment tool called DiSC is used by more than a million people each year to improve collaboration, communication, and output at work.
DiSC stands for the four fundamental personality characteristics mentioned in the DiSC paradigm: dominance, influence, stability, and conscientiousness.
D personalities are often self-assured and place a strong emphasis on bottom-line outcomes.
I personalities are more outgoing and place a strong emphasis on making friends as well as persuading or influencing others.
People with S personalities are dependable and respect honesty and cooperation.
Excellence, accuracy, competence, and skill are typically given top priority by people with C personalities.
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an organization planned to use $98 of direct materials per unit of output, but it actually used $96 per unit. during this period, the company planned to make 2,960 units, but produced only 2,600 units. the flexible budget amount for direct materials cost is:
The company planned to make 2,960 units, but produced only 2,600 units. The flexible-budget variance for materials is $5,200 favorable.
Variances in flexible budgets are the discrepancies between line items on flexible budgets and those on real financial statements. Flexible budgets can only be created at the conclusion of the accounting period because the real activity level is not accessible before it.
In order to calculate the The flexible-budget variance for materials we have to use the following formula:
Flexible budget variance for materials = Budgeted material cost for actual production - Actual material cost
= (2,600*$98) - (2,600*$96)
= $254,800-$249,600
= $5,200
Hence, The flexible-budget variance for materials is $5,200 favorable.
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A debit is used to record an increase in all of the following accounts except: Multiple Choice Supplies Cash Accounts Payable Owner's Withdrawals Prepaid Insurance
An increase in accounts payable is not included in debit.
Define accounts payable.Money owing by a corporation to its suppliers and listed as a liability on the balance sheet is known as accounts payable. It differs from liabilities for notes payable, which are obligations made by formal legal instrument documents. Accounts payable (AP) refers to the short-term debt and liability on a balance sheet that a company owes to its suppliers and vendors who have given the company credit for goods or services.
A current liability account called accounts payable is used to track any owed-money to other people. Banks, businesses, or even a person you borrowed money from could be considered third parties. Accounts payable frequently refers to the acquisition of goods or services from other businesses.
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if a british businessman sells u.s. government securities to a u.s. buyer, how will this item be entered in the balance of payments?
When a British businessman sells American government securities to an American customer, this transaction be recorded in the balance of payments then It will appear in the financial account as a decrease in the U.S. assets held by foreigners.
British businessman are often known for their shrewdness and determination. They are often very successful in their chosen fields and have a reputation for being able to get the best deals. Dealing with the American government could be difficult.
British businessmen are often very well-educated and are often able to speak multiple languages, which helps them to do business in many different countries.
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