Answer:
The choice between consumption in the present and consumption in the future, perception of a close correlation between current income and consumption, and the smoothing of consumption over time as deriving from its comparison to the income which the individual would perceive as his/her permanent income.
True
The market system presented in the question relates to a system of capitalism. In capitalism private ownership of resources is used to control, motivate and coordinate economic activity.
Contrast this with a system of socialism or communism, where the state, which represents the collective people, who control the ownership of resources and then use it control and coordinate economic activity.
This contrast between private and public control of the resources is an essential component and critical idea in understanding the difference between free market systems that demand private enterprises be efficient and effective in the production and control of the resource, socialized systems which can limp along for years because of the public's support for their continuance.
Answer:
A) adaptive
Explanation:
Adaptive entry strategy is one that takes an existing product or concept and modifies it to fit a particular situation. It is not reinvention or imitation of existing process or product.
Spanx produces pantyhose, but adapted the process by combining nylon and Lycra to create a new type of undergarment that is comfortable and eliminates panty lines.
This adaptive strategy led to production of over 200 products, generating over 250 million USD in annual sales.
The easiest way to measure speed of runners would be to measure the time it takes for a runner to finish a track with a fixed distance. One can use a stopwatch in order to record the time it takes for the runner to run a lap in the track.
Answer:
Total debt = $3,900,000
Explanation:
Total Assets = $5,200,000
Debt Ratio = 75%
Debt = 75% x $5,200,000
=$3,900,000
Hence, the 25% account for equity finance $1,300,000
