Answer:
d) conflict resolution; shared goals.
Explanation:
Mary Parker Follett’s contribution to administrative theory was emphasizing the need for worker participation,conflict resolution, and shared resolution.
Mary Parker Follett, or the "Mother of Modern Management," presumed that management was "the creative work of getting people to do things for you." .. Follett exercised those coordination principles, which helped establish her management theory called direct contact.
Answer:
B. -0.0242.
Explanation:
Demand function equation
Qod = 3 - 0.05Po + 0.009I - 0.16pt
Po = Price per pound of onion
Pt = Price per pound of tomato
I = Household income
Putting values in the equation
Qod = 3 - (0.05 x 1.25) + (0.009 x 2,500) - 0.16 x 3.75
Qod = 3 - 0.0625 + 22.5 -0.6
Qod = 24.8375
Cross price elasticity of demand = (ΔQod/ΔPt) x (Pt/Qod)
Cross price elasticity of demand = -0.16 x (3.75/24.8375)
Cross price elasticity of demand = -0.0242
Ratio of Change in demand by change in price is -0.16pt as given in the equation for tomato and - 0.05Po for onion.
Answer: Fall in revenue
Explanation:
A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.
A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.
Answer:
C. product use
Explanation:
Based on the information provided within the question it can be said that in this scenario Eaton most likely adopted a product use segmentation strategy. This strategy basically focuses on finding the selling the same products but in different variations for different uses in many markets. Which is what Eaton's website seems to be doing by offering the same product to different markets such as aerospace, hydraulics, and electrical.