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Sergeeva-Olga [200]
3 years ago
5

Last year, you purchased land to build a retail store. You paid $20 million for the land. Another business has now offered $8 mi

llion for the land and that is the highest price your business should now be able to get for the land. Which of the following costs is relevant for your decision as to whether or not you should build a new retail store?a. $8 millionb. $12 millionc. $20 milliond. $28 million
Business
1 answer:
vesna_86 [32]3 years ago
6 0

Answer:

a. $8 million

Explanation:

In the given situation, the $8 million is the best price to finalize your decision as $20 million costs is that cost which is paid last year and these costs are called sunk cost which is not recovered in the future, that means it is already incurred in the past.  

Moreover, the sunk cost is not a part of the future decision as this cost is irrelevant now

So, $8 million is a relevant cost to make a better decision

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Lewin's force field model emphasizes that effective change occurs by ________ the current situation, moving to a desired conditi
Basile [38]

Lewin's force field model emphasizes that effective change occurs by unfreezing the current situation, moving to the desired condition, and then refreezing the system so it remains in the desired state.

Kurt Lewin's force field theory argues that organizations are in balance between their forces for change and their resistance to change, a related perspective on how managers can effect change in organizations.

Lewin's Force Field Analysis Model - (Social psychologist Kurt Lewin) A model for system-wide change. Helps change owners diagnose the forces driving and hindering proposed organizational change. Thaw and refreeze. Created by changing the driving force and holding force. -Create urgency for change.

Force field analysis helps teams explore the strengths and weaknesses of a problem and how they affect the solution of that problem. Simple comparisons can present strengths and weaknesses, enabling consensus and shared decision-making.

Learn more about Lewin's force here brainly.com/question/27334968

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7 0
2 years ago
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with the
stepan [7]

Answer:

Two-way Stretch

Explanation:

Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.

Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.

In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.

7 0
3 years ago
suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her br
Alinara [238K]

Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

<h3>What is frictional Unemployment</h3>

Frictional unemployment occurs when an individual is temporarily unemployed as a result of searching for new or better job.

This is a time of transition usually from an existing job to a new one.

Therefore, Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

Learn more on frictional unemployment below,

brainly.com/question/11481076

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3 0
2 years ago
A manufacturer of widgets was incorporated in and has its principal place of business in State A. The manufacturer also operates
stira [4]

Answer:

Federal arbitration district court

Explanation:

It's so judicial platform to facilitate private dispute resolutions through arbitration, it applies where transactions contemplated by parties involved interstate commerce.

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3 years ago
The passage discusses a business fluctuation influenced by
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I think its b hope i helped 

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