Answer:
NO, I DO NOT AGREE
Explanation:
External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.
the micro environment factors are PESTLE
customer, suppliers, competitor, public perception,
the macro environment factors are PESTLE
P -political
E - Economic
S -Socio cultural
T - Technological forces
L - Legal
E - Environmental factors
All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Answer: performance
Explanation:
When the job applicants for specific jobs are told to perform a sample of the job, this implies that the company is using a performance test.
Performance test simply refers to a test that requires the individuals partaking in it to perform an activity using their skills, ability and knowledge.
Answer:
b. an economic profit of 100%.
Explanation:
A monopoly is when there is only one firm operating in the industry. There are high barriers to entry of firms in a monopoly. Profit is maximised where MR = MC.
Economic profit is affected by the entry or exit of firms into the industry in the long run. Due to the high barriers to entry, a monopoly earns economic profit in the long run.
I hope my answer helps you
Answer:
GDP for an open economy from the spending approach follows this equation:
GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)
It can also be written as:
GDP = C + I + G + NX (X - N)
The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.
