One technological advance I have experienced in detail was the conversion from Imperial to the metric system in Canada especially in the mines I worked at. The advantage was that now everything could be done in 10's like millimeters, centimeters, metres and kilometers for example. The drawback would be that I was accustomed to say with cars to use miles per gallon and I had a hard time to envisage kilometres per liter. Another innovation I experienced first hand was the development of the GPS. This made it easier to locate oneself in the field provided there was good satellite reception and at least for the handheld GPS the accuracy was only down to about +-5meters so was not exact. Only the more expensive GPS like the Trimble could zero one in with sub-centimetre accuracy.
The major four grocery chains are known as the "Big 4," with Tesco, Sainsbury's, Asda, and Morrisons maintaining their dominance for many years.
<h3>What changes should be brought by the big four?</h3>
Discounters have been expanding their market share, and by 2020 this is predicted to increase. If the big four don't alter their strategy, they risk losing ground. When it comes to net profit margin, the discounter model appears to be more efficient.
The major four Especially if profitability is the primary emphasis of business objectives, you might wish to adopt some components of the method, such as having some discount lines, concentrating on smaller product lines, becoming leaner, and reducing administrative costs.
Depending on how they perceive their own strengths and shortcomings as well as the chances and challenges that lie ahead, they may come to different conclusions.
Learn more about the discounter model, from:
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A) price ceiling set below the equilibrium price
Answer: $3,000
Explanation:
With a basis of $22,000, Lola received a cash distribution of $25,000.
She would therefore get a gain (loss) of,
= $25,000 - $22,000
= $3,000
Lola received a gain of $3,000.
It is worthy of note that her basis after this distribution is now zero.
Answer: Low complexity
Explanation:
New products are required to be easy to understand and put to use by consumers to make them attractive to consumers. This is the quality of low complexity of products.
Low complexity of product is a quality a product possess that makes it less complicated to use.
To ease the challenge of complexity, producers in most cases add user's manual to their products that directs the users on how to use it.
