Only sellers have incentives to create mechanisms that will allow them to make mutually beneficial transactions even in the face of imperfect information.
- <u>imperfect information:</u> Where the buyer or seller aren't certain about the qualities of what is being bought and sold.
- <u>sellers:</u> Somebody who gives services for payment.
- <u>transactions:</u> Another word for a buisness deal.
Hope this helps. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)
- Cutiepatutie ☺❀❤
Helena needs to decide ..................................... how many suits will sell. This is a PROGRAMMED DECISION.
If Helena bases her decision partly on past sales data and partly on her intuition from years in the fashion industry, the ADMINISTRATIVE model will best describe her decision making process.
1. From the business point of view, decisions are divided into two basic classes, which are programmed and non programmed decisions. Programmed decisions refer to those decisions that are made based on experience that one has gathered in the time past. Similar decisions that are successful had been made in the past and the manager build on this platform to make the new decision. Non programmed decisions refer to those decisions that involve situations that are new and in which there are no proven results to use as guide.
2. There are three models of decision making, these are: political, administrative and classical. Administrative decision making process involves making decisions based on full information and proper analyses of all alternatives in order to achieve the desired goals.
One advantage of modularization is that it simplifies its own manufacturing systems. With this, companies can separate their material cost and product development, and they can also optimize their total product cost through increasing the potential of the variety of products, having a fast product development and upgrade, having a better time-to-market, service support, aftermarket, and lastly, enabling continuous market and product improvement.
Answer: d. Decision-making lag
Explanation:
When policy makers have identified that there is a problem that needs fixing but cannot seem to agree on the way forward, this is known as a <em>Decision - Making Lag or simply the Decision Lag.</em> It is one of the 3 specific inside Policy Lags and can be devastating due to the uncertainty of time it might take.
For instance, the economists suggesting dropping the federal funds rate by 0.25% might have the backing of one half of the Fed and the other Economists, the other half. Arguments could therefore go on for weeks before a decision is made.
False, Flotation costs should be included in the calculation of the Weighted Average Cost of Capital (WACC)
<h3>What is
Weighted Average Cost of Capital (WACC)?</h3>
The weighted average cost of capital is the average interest rate that a company is expected to pay to all of its security holders in order to finance its assets. The WACC is also known as the firm's cost of capital. Importantly, it is determined by the external market rather than by management.
The weighted average cost of capital (WACC) is an important financial precept that is widely used in financial circles to determine whether a return on investment can exceed or meet the cost of invested capital (equity + debt) of an asset, project, or company.
To know more about Weighted Average Cost of Capital (WACC) follow the link:
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