Answer:
This type of market is known as perfect competition
Explanation:
Perfection competition as a form of market exhibits the following characteristics:
Large number of buyers and sellers where no single buyer or seller dictate the price or quantity demanded or supplied,the invisible hands , the forces of demand and supply determines equilibrium price and quantity.
Free entry and exit , in that a market participant can join and leave at any time without any barriers.
Perfect knowledge in that all market participants are well informed of the happenings in the market place.
Factors of production and merchandise can move from one point to the other freely without hindrance.
Complete/Correct Question:
Periodically during the day the RN checked with the team members to determine whether they are having difficulty completing their assigned tasks. This describes which manager role?
A. Skills evaluation
B. Patient safety
C. Effective delegation
D. Micromanagement
Answer:
C, Effective delegation
Explanation:
Effective delegation is one of the qualities of a manager in which subordinates are able to learn and be more capable to carryout their duties. It also helps managers to be able to accomplish company goals by working through subordinates thus making the manager more effective.
To effectively delegate task within a team, the manager has to be proactive, be aware of the team's strengths and weaknesses, establish clear expectations, a good teacher, among other things.
Cheers.
Answer:
The short answer to that is No, Starbucks will not change its foreign market entry strategy.
Explanation:
The reasons are as follows:
- did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control.
- Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business.
- Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.
Cheers
Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
