Answer:
Goals and set objectives
Explanation:
The reason is that the long term strategic planning is basically long term planning of the organization and in it we set a direction or in other words list number of objectives that we want to achieve in the long run. So long term strategic plans helps us to achieve goals and set objectives.
Answer:
Explanation:
If workers are free to move between sectors, the wages in each sector will be equal. If wages are not equal, the workers will be motivated to move to sectors with higher wages and this will make a higher salary reduction, and lower wages will increase until they equal.
b. Since there are 100 workers in total,we have:
- Ls =100- Lm = 100 -4w
- Lm = 4w
Now set this equal to the labor demand for manufacturing equation and solve for w:
Substitute w =20 into the two labor demand equations, we have LM = 80 and LS i= 20
c. If the wage in manufacturing is equal to $25 then
d. There are now Ls = 50 workers employed in the service sector and the wage:
<=> 50 = 100 -4Ws
<=> Ws = 12.5
e. Wages in the manufacturing sector will remain at 25 dollars and jobs will remain at 50. If wages are reserved for the service sector is 15 dollars, then jobs in the service sector will be 40. Therefore 10 unemployed and the unemployment rate is 10%.
Answer: The sale price to the nearest dollar was $61,202
We arrive at the answer as follows:
The term 'netted' refers to the seller's profits after deducting costs and commissions.
Hence we need to add back these amounts to arrive at the sale price.
Net Proceeds $55,000
<u>Add: Costs $1,000 </u>
Total $56,000
The commission is 8.5%; however commissions are quoted as a percentage of sales price.
Expressed in other words, if the sale price was 100, commissions were 8.5. That would mean that the total above would be the equivalent of 
From this we can arrive at the sale price as follows:
Answer: $5,300
Explanation:
Private Saving refers to money that households did not consume nor pay as taxes so the formula is;
= Output - Consumption - Taxes
= 14,000 - 7,500 - 1,200
= $5,300
Public Saving refers to money that the government got as revenue but did not spend so the formula is;
= Taxes - Government Spending
= 1,200 - 1,200
= $0
Total Saving (Private + Public Saving)
= 5,300 + 0
= $5,300
Answer:
a new market simply means a new group of people never before reached
Explanation:
