Answer:
corporate mission or marketing strategy area
Explanation:
Based on the information provided it can be said that this is an example of the corporate responsibility strategy being a part of the corporate mission or marketing strategy area. This refers to a specific sentence that encompasses the company's function, philosophies and goals which they strive to achieve and is the entire reason for existing in the market.
Answer:
The role that financial intermediaries play in that diagram of the economy is to leakage or inject money.
Explanation:
To begin with, the concept known as "Circular Flow of Income" refers to a model that is famously known in the economics sciences due to the fact that it is a graphic that shows how the primary entities of the economy of a country interact with each other in order to have a particular outcome expected in the diagram. Therefore that in that context, the financial institutions play the role of intermediaries inside the flow meaning that the can they can either leakage or inject money to the flow. The first one they do it by helping the households to save money in accounts. And the second one they do it by helping the private sector in terms of investing regarding businesses.
Answer:
The Customer Lifetime Value of firm A amounts to $41,405. Hence, the correct option is 3
Explanation:
The formula to compute the Customer Lifetime Value of firm A is:
Customer Lifetime Value of firm A = Average annual sales × Average Profit Margin × Uniform series PW ( Present Worth) factor
= $55,000 × 15% × 5.0188
= $41,405
where
Average annual sales is $55,000
Average Profit Margin is 15%
We need to find out this:
The formula to compute this:
Uniform series PW factor = ( 1 + i%) ^ n - 1 / i % × ( 1 + i%) ^ n
= ( 1 + 15%) ^ 10 - 1 / 15% × ( 1 + 15%) ^ 10
= (1.15 ^ 10 -1) / (0.15 × 1.15 ^10)
= 5.0188
This came from Microeconomics 4th Edition where it cited Jun Jie Wu an economist made his observations and published it in an agricultural magazine known as <em>Choices. </em>He described market failure and inefficient land allocation as both economic terms in an urban development that did not meet expected growth creating an unbalance situation between the consumers and producers.
Market failure is a used term to describe that the producer was not able to produce the right products or the customers aren't able to buy enough products that would make the business profitable or good for both. Inefficient land allocation can add up to reasons of having market failures when it makes the business release more expenses than profit.
Answer: Innovation.
Explanation:
The strategic approach to competitive advantage are those key areas that a business improves on, to give the business an edge over their competitors.
The three strategic approaches to competitive advantage are: Response/Focus, differentiation and cost leadership. Innovation is a part of the differentiation strategy.
