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3 years ago

In today's decentralized business world, ________ the most important strategic decisions.

1 answer:

6 0

In today's decentralized business world, TOP MANAGERS are the most important strategic decision makers. Decentralization means distribution of decision making power through the hierarchy of an organization. Decentralization has increases in today's business world as it provides a dynamic environment to work.
Though, in decentralization power is also in hands of lower managers, middle managers, etc the top level managers still hold the rights to make decisions.

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Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised

nekit [7.7K]

Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = %change in Quantity demanded of good X

%change in Price of good Y

% change in Quantity Demanded of good X = Q2-Q1 × 100

(Q1+Q2)

% change in Quantity Demanded of good X = 40-20 ×100

(20+40)

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = P2-P1 × 100

( P1+P2)

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y= 3 - 2 × 100

3+2

% change in price of good Y = 1 × 100

2.5

% change in price of good Y = 40%

Cross-Price Elasticity = 66.67

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as people preferred buying good x instead of good y

6 0

3 years ago

True or false 1 out of 12 jobs in the U.S. is agriculture related

Alina [70]

Answer:

I believe it's true

Explanation:

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3 years ago

Read 2 more answers

Owens Finest Mattress Co., Inc. decided to employ an anti-mission statement. Which of the following phrases did they use

Kaylis [27]

Answer would be C. We'll destroy Sealy

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3 years ago

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Tyson is a supervisor for a company in the agroprocessing industry. He commands the respect, confidence, and loyalty of group me

Alika [10]

Tyson is "likely to score high on emotional intelligence".

Explanation:

Peter Salovey and John Mayer characterized emotional intelligence as the ability to track the feelings of one's own and others, to distinguish and properly mark various emotions, and to use emotional knowledge to direct thought and behaviour. There are five essential elements: self-awareness, self-regulation,empathy, inspiration and social skills, according to Daniel Goleman, who helped popularize emotional intelligence.

If you are lacking such intelligence, it is difficult to grasp how you are coming across to others. You feel confused because the message is not conveyed in a form that public can comprehend. But with training, people who are emotionally smart realize they don't express every idea beautifully.

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3 years ago

The standard materials cost to produce one unit of product m is 6 pounds of material at a standard price of $50 per pound. in ma

Musya8 [376]

Direct material cost variance = (Standard price - Actual Price) * Actual Quantity
= ($50 - $51) * 47,000
= $47,000 adverse

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3 years ago