Answer:
<u>growth.</u>
Explanation:
An organization's growth strategy is an action plan that the company will implement to achieve expansion of its activities.
For a company to grow effectively, it needs to be analyzed and planned for its growth strategy, so that there is restructuring and innovation that enables compliant growth to take advantage of business-related opportunities.
Customer expansion occurs when a company wants to expand its customer base by offering a higher quality service or product, hiring new employees to deliver superior service and support growth.
In a general context, organizations wishing to expand should look at the critical points such as investments, logistics, customers, communication, which require further restructuring of innovation and training, so that there are significant changes that positively affect all stakeholders.
Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>
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What is Cross-Price Elasticity?
- Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
- Often, in the market, some goods can relate to one another.
- This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
- A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
- Unrelated products have zero cross-price elasticity.
- For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
- This is often because consumers always try to maximize utility.
- The less they spend on something, the higher the perceived satisfaction.
To know more about cross- price elasticity , refer:
brainly.com/question/15308590
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Answer:
A 2.9% pay increase in 2014 for U.S. workers will cause the AS (aggregate supply) curve to shift inward in the short-run, signaling a decline in the quantity supplied.
Explanation:
The supply quantity declines because a pay increase increases suppliers' cost of production and reduces their ability to produce more goods and services. On the contrary, a fall in workers' pay causes the aggregate supply curve to shift outward, thereby increasing the quantity supplied. In the long-run, the pay increase will increase aggregate demand, thereby pushing prices to increase, while, at the same, suppliers try to increase the quantity supplied to meet with increased prices and demand.
Answer:
II. Prevention costs are costs that are incurred to prevent the sale and production of defective units.
