Answer:
The function to be used in excel represents the discount of an item expressed in dollars, with an original price of x dollars, is as below:
=if(x<$20,10%*x,if(x>$75,25%*x,20%*x)
in which
- 10%*x is discount of any items with original price is less than $20
- 20%*x is discount of any items with original price is greater than or equal to $20 but less than or equal to $75) is 20% discounted
- 25%*x is discount of any items with original price is greater than $75
Explanation:
We define easy conditions first, then the most complicated at the end
- An item is discounted: 10% if x is less than $20
- An item is discounted 25% if x is greater than $75
- The rest which not any of above ( greater than or equal to $20 but less than or equal to $75) is 20% discounted)
Answer:
Distinctive competence
Explanation:
Distinctive ability relates to a certain market trait which it does differently than its rivals. Since the company can do more than most other companies, it has a competitive edge over all other companies.
An organization's competitors cannot imitate this competence (at least in the short term), allowing an organization to gain an advantage over others. An organization must protect its distinctive competence to retain its competitive edge.
Thus, from the above we can conclude that the given case illustrates distinctive competence.
When changes in the external environment starts affecting the internal function or progress towards the goal of the firm, it will increasingly force managers to be proficient
Answer:
B) $7
Explanation:
The computation of the consumer surplus is shown below:
Consumer surplus = Willing to pay - Market price
For Austin, The consumer surplus = $10 - $6 = $4
For Erin, The consumer surplus = $9 - $6 = $3
So, the total consumer surplus = $4 + $3 = $7
Simply we deduct the market price from the willing to pay so that the consumer surplus can be computed
