The more they focus on a task the more efficient they become at this task, which means that less time and less money is involved in producing a good.
Because Marius is tasked with identifying of goals, policies and action, then, he will be implementing a <u>Strategic Management</u>.
<h3>What is Strategic Management?</h3>
A Strategic management means a strategies implemented to achieve a better performance and competitive advantage for an organisation.
The process of a strategic management includes
- Defining the Mission Statement
- Analysing the Environment
- Organisational Self-Assessment
- Establishing Goals and Objectives
- Formulating Strategy
In conclusion, since he is tasked with identifying of goals, policies and action, then, he will be implementing a <u>Strategic Management</u>.
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<em>brainly.com/question/24845876</em>
Answer:
$2
$3.50
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$6.75 - $4.75 = $2
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$4.75 - $1.25 = $3.5
Answer: $0.79.
Explanation:
Given that,
Tendered bill = $5
Bill charged = $4.21
Therefore,
The change due is calculated by subtracting bill charged from tendered bill.
Change due = Tendered bill - Bill charged
= $5 - $4.21
= $0.79
Hence, change in dollars would be $0.79.
