What Is the Significance of the BRIC and CIVETS Economies

question 17

Multiple Choice

What is the significance of the BRIC and CIVETS economies?

• A)These economies will have the most opportunity for profitability in 5 years.
• B)These economies have the most lax regulations and, therefore, are the easiest markets for firms to enter.
• C)These economies will allow more and more consumers to join the middle class.
• D)These economies are not significant for firms.

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Definitions:

Budgeted Sales Data

Projections or estimates of the sales revenue expected to be achieved in a future period.

Cash Receipts

The collection of money, typically in the form of cash, checks, or electronic transfers, for goods or services received.

Direct Materials Budget

A financial plan that estimates the quantity and cost of direct materials required for production during a specific period.

Raw Materials

Any materials that go into the final product.