Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

1

Economics Sep 26, 2020

1.Discuss the advantages and disadvantages of Medtech paying the salesforce on a commission-only basis. What specific changes would you recommend to John and why? (15 marks)

2. what are good start up businesses for 2020?

(this is an essay question, so please help me with points & some elaboration thanks!)

3.How ould each of the following events (each considered separately) affect the full-employment level of employment, equilibrium real wage, and the full employment level of output in the economy? Draw graphs to help explain and illustrate each of your answers.

1. Acid rain accelerates the depreciation rate of physical capital causing a large portion of a country's physical capital stock to become unusable.

2. The government announces a substantial increase in the Social Security tax on wages to become effective in two years.

4.You are given the following information:

Quantity of imports                                             400

Foreign currency price of imports                     20

Exchange rate (d/f)                                              1.50

 

Calculate the foreign currency and domestic currency values of imports. What will happen if the exchange rate falls to 1.20, assuming that the value of the elasticity of demand for imports is -0.1?

Expert Solution

1.Some companies pay their sales force team on a commission only basis. In commission only basis the sales person earns money based on number of sales made by them.More the sales more the commission.

There are several merits and demerits:

Merits:

1)Increased sales: The commission based payment motivate the salesforce to work harder and make more sales. Usually employees have a tendency to take salary for granded without doing their best . But commission based pay can solve this problem to a great extend.

2)payment is tied to the revenue : The company can control labour cost as they have to pay only for the sales made or revenue generated.

Demerits:

1) Expenditure becomes unpredictable - Bugdet challenges can arise as a result of high payout due to high sales or high revenue.

2) Aggressive sales - For gaining high commission highly motivated Salesforce may tend to approach their job aggressively which may results in short term sales increase but in long run the company may lose many customers due to their tactics pressure or aggressive approach.

3) Affects team Dynamics - Working with employees who earn more commission can trigger envious emotions and unhealthy competition.

A blended approach is the best to maintain a balance . A base salary should be provided to the employees for their sales and other routine functions. And commission can be paid for the additional sales made. This can create a more balanced and effective work environment which are beneficial for both the company and the sales person.

2.1) Business Translation - Multilingual people are always in demand, so if you can speak two or more languages consider starting a small business where you can monetize those skills. The Business Translator is the bridge between the technical and business teams,and they are especially skilled at hearing business challenges or pain points and describing a solution using data. As you work successfully with more and more companies, you can hire more translators who specialize in other languages to expand your service offerings. It’s also a good idea to market your business on social media as it can help you reach a wider audience. The services  are in huge demand today as the high number of online jobs available and the market's growth, working as interpreter or translator seems to be one of the best jobs for new graduates this year. Payment depends on how skilled you are and what languages you know. The future of the Companies large and small are implementing new tools to increase productivity and reduce turnarounds. Technology has brought many opportunities for language services providers.

2) Web Development - As a web developer, you’ll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive. Web development is the building and maintenance of websites, it's the work that happens behind the scenes to make a website look great, work fast and perform well with a seamless user experience. Web development is an exciting career because it's always evolving and constantly changing. This means you'll always have the opportunity to interact with new tools and learn new skills, keeping you engaged in your career. web development is an exciting career because it's always evolving and constantly changing and is a field that provides many opportunities for hands-on learning. Web development is a great career choice. You can either be a front-end developer or a back-end developer, or even both. You should have a general programming skill set to begin your career in the web world.

3. Acid rain accelerates the depreciation rate of physical capital causing a large portion of a country's physical capital stock to become unusable. It will negatively affect the full employment level of employment ,real wage, full employment level of output in the economy Depreciation of capital stock will reduce the production level. Because producer has to purchase new capital stocks. It will rise the cost of production and results higher prices for commodity. Fall in production level reduces the demand for labours. It will reduce the full employment level of employment. Fall in employment level rise in price of commodities decline sthe real wages of labours. Lower production level declines the full employment level in economy 2. Social security tax is a tax imposed by government on employees from a percentage of the salaries that employees paid to the staff . It will reduce the real wage of labours by employers. It will not affect the full employment level of output and full employment level of employment in the economy

Please use this google drive link to download the answer file.       

https://drive.google.com/file/d/1PF5N1WOIrherjoza9i_peIASJCT4U1x0/view?usp=sharing

answer 4.https://drive.google.com/file/d/1lsQN7tqKAOSlY1di7t79tPZM7JSeqkd7/view?usp=sharing

Note: If you have any trouble in viewing/downloading the answer from the given link, please use this below guide to understand the whole process. 

https://helpinhomework.org/blog/how-to-obtain-answer-through-google-drive-link 

 

Archived Solution
Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In
Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution
Get Custom Quote
Secure Payment