Answer:
We will get $7680(thousands)
Explanation:
Answer
If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400
The variance is given for the number of cars, but not for the profit.
So, we need to convert the numerical value(number of cars) to money value(profit)
it is given that net revenue per car is $1.2 (thousands)
So, multiplying the net revenue by number of cars
we get, variance in profit = 6400*1.2 = $7680 (thousands)
Answer:
total or effective demand for good or service
total quantity of output firm will produce
Answer:
Collision
uninsured motorist
comprehensive
liability coverage
Explanation:
From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;
✓ uninsured motorist
✓comprehensive
✓liability coverage
Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.
Economies of scale and intra-industry trade combine to produce variety for customers.
Industry (Economy), broadly classified
Industry (Manufacturing), a specific industry, usually in a factory with machinery. A broader industrial sector of the economy that includes the manufacture and production of other intermediate or final products.
General Characteristics of Industrial Society and Modes of Production
Industrialization, Transformation into Industrial Society
Industrial Classification, Classification of Economic Organizations and Activities.
An industry is a group of companies related by their primary business activities. There are dozens of industrial classifications in the modern economy. Industry classifications are usually grouped into larger categories called sectors.
Learn more about industry here
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Answer:
<u><em>The answer is:</em></u> team participation to perform strategy-critical activities in light of prevailing circumstances.
Explanation:
The good execution of the strategy is mainly related to the ability of managers to involve all operational areas and all employees in the process of participating in the strategic actions that were developed to achieve the goals and objectives of the organization.
Therefore, managers have an essential role in exercising control, coordination and monitoring of the teams, so that the execution of the strategy takes place in an effective and active manner, being shared as a responsibility and efforts of the entire team.
