Author Peter Schwartz in his book "The Art of the Long View" referred to scenarios, when identifying the process of building stories that could happen and following an important step for companies.
<h3 /><h3>What is the purpose of the book?</h3>
The author creates a scenario approach to assist in the development of the strategic vision, through the analysis of possibilities that help to create a broad and systematic vision in the decision-making process.
Therefore, the strategic vision is essential for every organization, as it helps in making more effective decisions to deal with different situations and inherent risks of the internal and external environment, making the business more positioned and competitive in the market.
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The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to expand on international markets and to be able to maintain the Lower production costs.
<h3>What is importance of of Competitive Advantage</h3>
A competitive advantage serves as one that distinguishes a company from its competitors.
This helps in the getting of more customers, as well as brand loyalty and it is very essential to business so as be able to succeed.
In this case, The significance of creating of competitive advantage for a multinational electronics corporation such as Samsung is to be able to expand on international markets and to be able to maintain the Lower production costs.
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Answer:
d. They do not change the quantity of goods bought or sold in the legal market.
Explanation:
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.
This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.
A nonbinding price ceiling can be defined as a price that do not have any effect on the price of goods or services in the market.
Hence, an accurate statement about the consequence of nonbinding price ceiling is that they do not change the quantity of goods bought or sold in the legal market.
Answer:
This question requires us to tell the time in which investment of $ 5000 will double based on a 6%, 12% and 18% interest rate. Time period (n) based on a 6%, 12% and 18% interest rate is calculated below.
(FV =PV (1+i)^n)
6%
10,000 = 5,000 (1.06)^n
Log 2 = n log 1.06
n = 11.9 years
12%
10,000 = 5,000 (1.12)^n
Log 2 = n log 1.12
n = 6.1 years
18%
10,000 = 5,000 (1.12)^n
Log 2 = n log 1.18
n = 4.2 years
