Answer:
According to my opinion all the given choices are right.
Explanation:
To implement the concept of marketing, the organization need to know,
a) Marketing strategy: A overall plan for reaching the customer
b) Research: research about what is need of the customer, their expectations, possibility of producing it, etc so that the product will run in the market successfully.
c) Identify competitive market: Yes this is surely need to run business and to have good challenge to improve and keep up the brand name
d) a plan for top management practices: Building up hierarchy shows the growth of the organization.
Answer:
a. Value to buyers - Amount paid by buyers
Explanation:
Consumer surplus is the area above the price and below the demand curve. It is the difference of value to the buyers and actual amount paid by the buyers.
Answer:
B. Power is proportionally spread to top, middle and first line managers
Explanation:
Decentralization is a do of the power structure in an organization or firm, in which the power or authority to make a decision is spread throughout each line or department of the firm or organization.
The main advantage of decentralization is that it allows swift decisions to be taken, and reduces unnecessary bureaucracy.
Hence, the statement that is correct of decentralization is "Power is proportionally spread to top, middle and first-line managers"
Answer:
average, retirement beneficiaries receive 40% of their pre-retirement income from Social Security. As you make your retirement plan, knowing the approximate amount you will receive in Social Security benefits can help you determine how much other retirement income you'll need to reach your goals.
Explanation:
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Answer:
Health insurance: working without safety equipment
Car insurance: reckless drive
Health insurance: withhold of the information that the insured is a smoker
Car insurance: withhold of the information that insured lives in neighborhood with high crime levels
Explanation:
Moral hazard relates to the behavior that enlarges the possibility of occurrence of undesired events that is insured. In health care the example could be a person that does risky jobs without wearing safety equipment. That is something that can easily lead to that person's deterioration of health at job. In car insurance, that can be reckless drive of an insured. Adverse selection happens when for instance signee of policy insurance withholds certain information, whose revelation would have potential elevating effect on paid premiums. In healthcare it could be non-disclosure of the information that the insured is a smoker, where in the application says otherwise. In car insurance it could be withhold of the information that the insured lives in the neighborhood with high crime level, while in the policy it is stated otherwise.
