Competitive reasons include worries that rival businesses would target your customers with lower-priced, higher-quality products.
Which marketing strategy enables companies to obtain data so they can effectively compete?The efficacy of your marketing initiatives can be determined thanks to market research. We can create surveys to get consumer opinion on the style and feel of your marketing messaging. We can gauge consumer knowledge of and response to particular marketing initiatives and campaigns.
What underlying principles govern social media engagement's connected effect?People have a natural need to socialize. In social media, the connection is two-way. People can share information with one another using social media.
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bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If an applicant is randomly selected, find the probability of a rating that is between 170 and 220. Round your answer to four decimal places. Click to view page 1 of the table. Click to view page 2 of the table. O A. 0.2257O B. 0.1554O C. 0.0703 0 O D. 0.3811
The probability of rating between 170 and 220 is 0.3811.
What is meant by probability?Probability is synonymous with possibility. It is a mathematical branch that deals with the occurrence of a random event. The value ranges from zero to one. Probability has been introduced in mathematics to predict the likelihood of events occurring.
Probability is defined as the degree to which something is likely to occur. This is the fundamental probability theory, which is also used in probability distribution, in which you will learn about the possible outcomes of a random experiment. To determine the likelihood of a single event occurring, we must first determine the total number of possible outcomes.
Let the given values be
Mean = 200
Standard Deviation = 50.
Points given= 170 and 220.
We should find z-score first,
Z1 = (170-200)/50 = -0.6 will be 0.2743
Z2 = (220-200)/50 = 0.4 will be 0.6591
The probability of a rating between 170 and 220 will be:
= 0.6554 - 0.2743
= 0.3811
The probability of a rating between 170 and 220 exists 0.3811.
Therefore, the correct answer is option D. 0.3811.
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Bob went out with his friends to celebrate his birthday. They went to a bar where they drank copious quantities of alcohol. In the morning, Bob had not slept and was still obviously intoxicated. He found his way to a car dealership near his house and entered into a contract to buy a Mercedes Benz SUV for the cost of $140,000.00. The car salesman could smell alcohol on Bob's breath, he noticed his eyes were bloodshot and "glossy" while they were signing the papers relating to the sale, and when Bob left he could see that he was unsteady on his feet. Bob left the dealership and went home and went to bed. He slept for two days. The car salesman from the dealership called Bob 4 days later to tell him that his vehicle was ready for pick up. Bob had no memory of the buying any car.
In these circumstances:
A. the contract is void ab initio because Bob lacked capacity to contract due to his intoxication
B. Bob can avoid or repudiate the contract within a reasonable time after he regains capacity and sobers up
C. Bob cannot avoid the contract because he is responsible for his intoxication and the car salesman had no way of knowing Bob was intoxicated at the time of entering into the contract
Fenton Incorporated plans to do business with a company located in the Leone Republic, a common law country. The companies have agreed to draft the business contract in the Leone Republic. Since the contract will be drafted under a common law framework, it will be: ________
Since the contract will be drafted under a common law framework, it will be based on tradition, precedent, and custom.
What is a common law contract?Contracts drafted under a common law system give judges the opportunity to interpret disputes using the prevailing situations. A common law system adjudicates cases based on judicial precedent. Judicial precedents are established through case law.
Thus, common law contract cases will be based on tradition, precedent, and custom.
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Let MAC1 = 100 – 10E and MAC2 = 50 – 10E. Graph each function and compute the aggregate MAC curve. Let MD = 30E, compute the socially efficient equilibrium. For the equations given above, suppose the government sets the pollution level at four units. What are the net social costs of this policy?
Suppose a technological change occurs that reduces the marginal costs of abatement for polluter 1 in the above equation to that of polluter 2. How does this affect the socially efficient level of pollution? Solve numerically and graphically.
If the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not impact the socially efficient level of pollution. The level is still determined by equating Marginal Damage with the Aggregate MAC.
To graph each function, we can plot MAC1 and MAC2 on a graph with the quantity of emissions (E) on the x-axis and the marginal abatement cost (MAC) on the y-axis.
For MAC1: MAC1 = 100 - 10E
For MAC2: MAC2 = 50 - 10E
To compute the aggregate MAC curve, we add the individual MAC curves together. So, Aggregate MAC = MAC1 + MAC2.
Aggregate MAC = (100 - 10E) + (50 - 10E) = 150 - 20E
Now, let's calculate the socially efficient equilibrium by setting the Marginal Damage (MD) equal to the Aggregate MAC.
MD = Aggregate MAC
30E = 150 - 20E
Simplifying the equation, we get:
50E = 150
E = 3
Therefore, the socially efficient equilibrium occurs when the quantity of emissions (E) is 3.
Now, let's calculate the net social costs of the policy when the government sets the pollution level at four units.
Net social costs = Aggregate MAC - MD
Net social costs = (150 - 20(4)) - (30(4))
Net social costs = 110 - 120
Net social costs = -10
The net social costs of this policy would be -10, indicating a net benefit to society.
If a technological change occurs that reduces the marginal costs of abatement for polluter 1 to that of polluter 2, it means that MAC1 will become equal to MAC2.
Setting MAC1 equal to MAC2:
100 - 10E = 50 - 10E
Simplifying the equation, we find that E can have any value, as both sides are equal.
Graphically, this change would mean that MAC1 and MAC2 become parallel lines on the graph, with the same slope and intercept. The socially efficient level of pollution would still be determined by equating MD with the aggregate MAC.
In conclusion, if the marginal costs of abatement for polluter 1 become equal to polluter 2, it does not affect the socially efficient level of pollution. The socially efficient level is still determined by equating the Marginal Damage with the Aggregate MAC, regardless of the marginal costs of individual polluters.
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SWOT analysis is not a subjective process.
True
False
SWOT analysis is not a subjective process. The statement stated above is False.
What do you mean by Analysis?An analysis is significant because it arranges and interprets data before structuring it into presentable knowledge that is applicable to practical applications.
A subjective evaluation of facts that is logically arranged according to the SWOT structure to aid in understanding, presentation, discussion, and decision-making is known as a SWOT analysis.
Internal elements, such as strengths and weaknesses, rely on the goal, project, or initiative under analysis. What is a strength for one purpose or project could be a drawback for another since it is subjective to the chosen objective.
Therefore, The statement is false. A SWOT analysis is a subjective assessment of data.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
define the market segment and target market
The term market segment refers to people who are grouped together for marketing purposes.
Target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.
(100 POINTS!!!) LuAnn is a very specific type of photographer. The images that she captures have several prominent characteristics such as representing culture as it is lived rather than mythologized, respectful portraits of members of the community to show their stature, and documenting tribal customs and ceremonies for future generations. What type of photography does LuAnn most likely practice?
A. fashion photography
B. nature photography
C. sports photography
D. indigenous photography
LuAnn most likely practices indigenous photography. Indigenous photography refers to photographs taken by and for indigenous communities that depict the culture, customs, and traditions of those communities. The characteristics of the images LuAnn captures, such as representing culture as it is lived, respectful portraits, and documenting tribal customs and ceremonies, are typical of indigenous photography. The goal of this type of photography is often to give voice and visibility to indigenous communities, as well as to preserve their cultural heritage for future generations.
1. The cross-price elasticity of demand between company A and its competitor is 0.32 (inelastic).
If the competitor runs a sale where it cuts its prices by 10%, how will it impact the prices of Company A?.
2. The income elasticity of demand of company A is -0.32. suppose the economy enters a recession and average incomes are expected to fall. Will the company do well or poorly? why or why not?
1. Since the cross-price elasticity of demand between Company A and its competitor is 0.32 (inelastic), the sale by the competitor will have a minimal impact on the prices of Company A. The price of Company A's products may decrease slightly, but not by much.
2. If the economy enters a recession and average incomes are expected to fall, Company A will do poorly. This is because the income elasticity of demand for Company A is -0.32, which means that as incomes decrease, demand for Company A's products will also decrease.
What is elasticity of demand?Elasticity of demand is a measure of how responsive the quantity demanded of a good or service is to a change in its price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price. If a small change in price leads to a large change in the quantity demanded, the demand is said to be elastic. If a large change in price leads to a small change in the quantity demanded, the demand is said to be inelastic.
Therefore, the correct answer is as given above
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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EBIT of $2 million, total assets of $10 million, stockholders’ equity of $4 million, and pretax interest expense of 10 percent. What is AQ&Q’s indifference level of EBIT? Select one: a. $2.0 million b. $1.78 million c. $1.0 million d. $1.5 million
c $1.0 million
Explanation:
if wrong answer
Jacob works as a researcher for a car showroom. He's going to collect data about consumers' changing preferences, Interests, and demands. He
doesn't plan to select a sample or conduct a survey. Instead, he wants to analyze the behavior of random consumers on his own. He wants to
study their reactions without letting them know that they are a part of the research study. He has decided to go to car showrooms and check
how consumers react to various car models. The notes that he plans to record during the process will form the basis of the market research
data. Which method of primary market research does Jacob plan to use?
Answer:
Visits to competitors' locations
Explanation:
Analyzing the information obtained in the scenario of the question above, it is correct to state that Jacob plans to use the primary market research method of visits to competing locations.
This method consists of gathering essential data and information for his research collected directly in a place that can serve as a parameter as a real scenario, that is, when visiting competing places, Jacob will be able to achieve his goal of collecting information, which is to analyze through of a real situation as is the behavior of random consumers on their own and understand their reactions.
This method can be effective because it eliminates biased behaviors by research participants, so that it can identify a real consumption situation without any type of interference, and it can be ideal to identify patterns of behavior that help to identify data about changes in consumer preferences, interests and demands, which is the goal of your research.
Answer:
behavior observation
Explanation:
Housekeeping falls in category of
a. Facility level activities
b. All of these
c. Batch level activities
d. Product level activities e. Unit level activities
Please explain the reason for your selected answer. Thanks.
Housekeeping falls in category of Facility level activities. Hence, option A is correct.
What is the category of housekeeping?Institutional and domestic housekeeping are the two varieties. Institutional housekeeping is the term used to describe upkeep in structures that provide commercial lodging, like hotels, resorts, and inns. Cleaning the bedrooms, kitchens, dining rooms, living rooms, yards, and other sections of the home constitutes domestic housekeeping.
The hotel's operational division is housekeeping. It is in charge of keeping the surrounds, public spaces, rear areas, and rooms clean and well-maintained.
Thus, option A is correct.
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Rick owns and operates a small farm that produces vegetables and fruits. His friend Owen owns and operates a butcher shop that sells various kinds of
meat. Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa. This scenario best describes
Because Rick often gives Owen vegetables and fruits in exchange for meat, and vice versa, this scenario best describes a trade by barter.
What is a trade by barter?A trade by barter refers to direct exchange of goods or services without an intervening medium of exchange or money either according to established rates of exchange or by bargaining.
A trade by barter is common among traditional societies, most particularly in those communities with some developed form of market. Product can be bartered within a group as well as between groups, although gift exchange probably accounts for most intragroup trade, particularly in small and relatively simple societies.
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any ideas on a gum? and what type would you create if you were selling gum
Answer:
spicy chicken noodles flavoured gum
How you might reorient yourself to your own job
Answer:
well, first I would start off by listening to others. I would also try to get along with anyone who comes in the job. Sometimes, people take the credit of the work you do, so instead of taking it out on others, deal with it yourself. Everyone has different levels of stress, but it is never ok to take yours out on others. |
|
|
v
( this is the funny answer)
I would start by stop clogging stall number 2, I am truly sorry for our poor custodian Edna. Poor, poor Edna. I would also stop using the printer for putting stupid pictures in others offices. The last time I put my butt on the printer, printed it, and put it on Stevens computer. The only thing Steven was able to open was my hairy butt crack.. I'm sorry Steven. So, I am trying, but ya know, life is a working process..
( hope that this made you laugh)
A recent market study has determined that the probability that a young adult will be willing to try a new online financial service that your company is offering is 50%. In a random sample of 10 young adults, the probability that at least 2 but no more than 3 will be willing to try this new service is _________
Answer:
yo faith are u that one guy in osceola high school
A government's decision to subsidize the production of insulin for people with diabetes would mostly benefit the:
A. consumers of insulin.
B. neither consumers nor producers.
C. producers of insulin.
D. both consumers and producers equally.
A government's decision to subsidize the production of insulin for people with diabetes would mostly benefit the consumers of insulin
Do Subsidies Help the Economy?Government subsidies aid an industry by covering a portion of the cost of a products or service's production through the provision of tax credits or reimbursements, as well as by covering a portion of the cost a customer would incur when buying a thing or service. Governments frequently provide subsidies to support important aspects of the economy that are deemed to be vulnerable to outside factors. Subsidies are intended to help or sustain what are considered to be important components of the national economy or infrastructure. Although the specific industry or companies involved may directly benefit from subsidies, economists contend that subsidies undermine free trade and lead to market inefficiencies.
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Identify the environmental factor that is a characteristic of an an attractive environment.
There are five environmental factor for an attractive environment.
Few CompetitorsLow threatFew substitutesMany suppliersMany customers.Types of Environmental FactorsInternal environmental factors: In the internal business environment there are elements within an organization that influence the approach and success of commercial operations.External environmental factors: The external environment comprises a range of factors outside a commercial enterprise over which we do not have much control.For more information about environmental factors click on https://brainly.com/question/13310446
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Onslow Co. purchases a used machine for $240,000 cash on January 2 and readies it for use the next day at an $10,000 cost. On January 3, it is installed on a required operating platform costing $2,000, and it is further readied for operations. The company predicts the machine will be used for six years and have a $28,800 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of.
1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is used for all costs incurred.
Record the the costs of $10,000 cash incurred on the used machine
Record the costs of $2,000 for an operating platform
2
2. Prepare journal entries to record depreciation of the machine at December 31.
(a) Its first year in operation.
(b) The year of its first disposal
Answer:
A. 2-Jan
Dr Machinery $240,000
Cr Cash $240,000
3-Jan
Dr Machinery $10,000
Cr Cash $10,000
3-Jan
Dr Machinery $2,000
Cr Cash $2,000
B. Dec 31
Dr Depreciation expense- machinery $37,200
Cr Accumulated Depreciation- machinery $37,200
Dec 31
Dr Depreciation expense- machinery $37,200
Cr Accumulated Depreciation- machinery $37,200
Explanation:
A. Preparation of the journal entries to record the machine's purchase and the costs to ready and install it
2-Jan
Dr Machinery $240,000
Cr Cash $240,000
(Being machinery purchased)
3-Jan
Dr Machinery $10,000
Cr Cash $10,000
(Being expenses paid for machinery readies)
3-Jan
Dr Machinery $2,000
Cr Cash $2,000
(Being installation charges paid)
B. Preparation of journal entries to record depreciation of the machine at December 31.
Dec 31
Dr Depreciation expense- machinery $37,200
Cr Accumulated Depreciation- machinery $37,200
[($252,000 - $28,800) / 6]
($240,000+$10,000+$2,000=$252,000)
Dec 31
Dr Depreciation expense- machinery $37,200
Cr Accumulated Depreciation- machinery $37,200
[($252,000 - $28,800) / 6]
If Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will change in which of the following ways: AD / SRAS / Price LevelA) Increase / No Change / IncreaseB) No Change / Increase / IncreaseC) Increase / Increase / IndeterminateD) Increase / No Change / IndeterminateE) No Change / Increase / Indeterminate
Congress cuts personal income taxes and business taxes at the same time, then aggregate demand, short-run aggregate supply, and price level will Increase / Increase / Indeterminate.
Income taxes affect the consumption component of aggregate demand. A reduction in income taxes would increase personal disposable income, increase consumption (but less than the change in personal disposable income), and increase aggregate demand.
The term “income tax” refers to a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. Taxpayers are required by law to file an annual income tax return to determine their tax liability. Income tax is the source of state revenue.
According to the existing provisions of the IT Law, all individuals/corporations with income are obliged to file an income tax return regardless of the amount of income. However, currently, income tax is payable only if your taxable net income exceeds Rs. 2.5 rupees.
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Answer:
Increase / Increase / Indeterminate
Explanation:
Took the test & got it right.
For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.
Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off which she found online. She selects and purchases a pair of jeans which cost $35 pre-discount.
Alice's____________ surplus:
Jeff finds some steaks for $16 for which he would have been willing to pay $20 . The butcher notices the meat is near the expiration date and gives him an extra 75 % off.
Jeff's________ surplus
Nicole has a hockey puck from the 2018 Winter Olympic Games and puts it up for sale on eBay. She will only sell the puck if the winning bid is greater than or equal to $500 . After bidding closes, the last bid stands at $501.
Nicole's____________ surplus
Answer:
Alice's consumer surplus = $5
Jeff's consumer surplus = $16
Nicole's producer surplus = $1
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the price of a good and the least price the producer is willing to accept
Producer surplus = price of the good - least price the producer is willing to accept
Alice's consumer surplus = $30 - ($35 - $10) = $5
Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16
Nicole's producer surplus = $501 - $500 = $1
hola ¡antes estaba como ruedanatalia222 nose que paso se me borro la cuenta los puntos los corazon los seguidores las CORONAS ¡¡¡:( estoy muy triste :( :(
Answer:
borro la cuenta los puntos los corazon
Explanation:
Which banker would a software company most likely visit for help to raise large amounts of capital to acquire, or buy out another company?
a community banker
an investment banker
a commercial banker
an executive banker
Answer and Explanation: it's B
The banker that would be visited to raise large amounts of capital to buy another company is an investment banker
Who is an investment banker?
This is a person that is involved in helping to raise capitals for large corporations and organizations.
The answer to this question is best suited to the explanation because the banker is helping to raise the money that woiuld be used to acquire a company.
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How can events in a process costing system affect financial statements? Provide examples.
The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.
The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.
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Select the correct answer from each drop down menu Benny has written the following rough draft for school choose the correct way to complete each sentence an agency law is a contract for an ___ who acts on behalf of a company government or an individual called the ___ the relationship formed due to the contract between an agent and the principle is called in ____ relationship
An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.
In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification. Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.
Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.
Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.
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Taylorism emphasises the formal structure, hierarchy of management, the technical requirements and the assumption of rational behaviour Question Attachment: Answer O True O False
Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way of behaving is a genuine assertion.
judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.
He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.
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Bosworth et al. (2007) state that high quality strategic workforce planning can reduce staff wastage, as well as having other important benefits. Drawing on Mintzberg’s theory of strategic planning process, discuss the validity of this statement.
The statement that high-quality strategic workforce planning can reduce staff wastage and bring other important benefits is valid.
How does Mintzberg's theory of strategic planning process support the validity of this statement?According to Mintzberg, strategic planning should not be a rigid, top-down process but rather a flexible and dynamic approach that involves continuous learning and adaptation.
Strategic workforce planning when aligned with Mintzberg's theory, enables organizations to identify and anticipate their future staffing needs, align workforce capabilities with organizational goals, and foster employee development and engagement.
By considering the evolving external and internal factors, strategic workforce planning can help organizations avoid unnecessary layoffs and ensure the right talent is available when needed.
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The Chinese economy is BEST classified as a
Answer:
socialist market economy
Explanation:
Hope this helps! Please mark brainliest!
The Chinese economy is best classified as a socialist market economy.
What is socialist market economy?Market socialism, which involves public, cooperative, or social ownership of the means of production, is based on a market economy, or one with a mix of worker-owned, nationalized, and privately owned firms.
Governments are in charge of wealth redistribution and closing the wealth gap in socialist economies. Though it is believed that no modern country has a "pure" socialist system, North Korea, China, and Cuba all include major socialist market economy components.
The supply and demand on the general market determine how goods and services are created. This kind of economic system is known as a market economy.
Thus, it is a socialist market economy.
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation: