Answer:
C) Classification of products
Explanation:
Advertising is not a means of classifying products.
Advertising is a commercial process of marketing goods and services to a target group of people.
- Advertising is a means of making a product known the the general market population.
- It helps to increase the market share of a particular product among competitors.
- When an advert is done rightly, it can bring more revenue to the company.
- Also, it reinforces brand recognition.
Answer:
720
Explanation:
Given:
The management consulting team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists
To find:
Number of different teams that could be formed from the available individuals
Solution:
Use combination to find number of ways to select y objects from x objects when the order in the selection process doesn't matter.
Number of ways to select an accountant, a production specialist, a finance specialist, and a management specialist from six accountants, five production specialists, three finance specialists, and eight management specialists =
Answer: Government Officials
Explanation: In a command economy, no individuals, business owners & tribal leaders, but the government decides the goods & services for production to be helpful for the country's economy. The government & its officials take a call on -
i. what goods to be produced,
ii. In how much quantity those goods should be produced
iii. at what amount, it will reach the consumers
All productions are controlled & planned by the government, hence it is also called as planned economy.
Answer:
Explanation:
40% probability that bond will be priced at $950
60% probability that bond will be priced at $1050
Expected value of the bond in one year:
(Probability*Price of bond) + (Probability * Callable price bond)= (0.4*$950)+(0.60*$1010)=$986
So, expected value is $986
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation:
