When it comes to the Economic Order Quantity, the assumption that is not included is a fixed ordering cost per year.
<h3 /><h3>What is the Economic Order Quantity?</h3>
This is a measure used by businesses to find out the optimal orders they should make to avoid holding costs and yet meet demands.
A fixed ordering cost per year is not assumed in this calculation, but a fixed purchase price per unit is.
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Well if you start out as a young business owner like my dad he started his business when he was 8 so then over the years at age 12 he had more money then any kid could imagine
Answer:
c. increased and the multiple by which the commercial banking system can lend is increased.
Explanation:
More Loan capacity, More Money created.
Answer with Explanation:
Social media is shaping the future of companies and is helping in branding, effective marketing, increases sales from across the world, social connectivity with different multinational brands to know what foreign customer desires and many more. The last decade was the year of change because of social media improvements and shift to 4G.
Many firms are able to acquire best talent that matches their job description, etc. The companies who acquire another social media has increased the innovation adoption by all of these. The acquisition of Whats-app and Insta-gram by Face-book has developed a much more better experience for the social media users. This has also helped the company like Face-book to add value to their subsidiaries by extending their services offerings. People watch their desired videos on You-tube, Net-flix and Daily-motion. Due to their greater presence on social media, the budget of companies to advertise their product on television has significantly reduced and now they are investing their money in social media to promote their product offerings. The best part of social media is that it lets you to target your customer segment which has more tendency to bring sales than the traditional advertisement methods. Hence the advertisement of services on social media will generate more value for money as apposed to traditional TV advertisement.
Following are the some developments that will evolve in the next decade:
- Products rating on the basis how much the products are environment friendly.
- Making best deal for innovated products on international forum will become much more easier than before.
- The world will become so fast due to internet of things that companies that are highly valued like Amazon will increase its presence in almost every country. This will shape the supply chain management, marketing, sales and distribution, etc.
- Promotional discounts on social media will be more effective than before.
- Increasing website traffic by interlinking websites.
- The companies are actively looking for creative employee (Google & LinkedIn) who will add value to their product offerings and ensure better customer experience.
- Developing new emerging markets on social media the example includes bitcoin that helps in tracking our donations, payments, etc.
The correct answer would be option D, grant a patent to a firm, giving it the exclusive right to produce a product.
Governments often have to potential to influence whether firms are monopolies leading. The government could influence the monopoly by granting patent to it, and giving it the exclusive rights to produce a product.
Explanation:
Patent is basically given rights to an investor to produce, design, or invent a product or service for a period of time. Patent gives the owner, rights to produce, design, innovate, sell, and use the product or service without the fear of competition in that particular product or service.
So when government wants to make monopoly of a firm in the country, it grants a patent to that firm, giving it exclusive rights to produce that product. For example, in Pakistan, WAPDA is the electricity provider, who has the monopoly in the country and is backed by the government.
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