Rent control is a mechanism by which the price of renting is kept within certain boundaries, such that it doesn't rise beyond a given level, nor grows at a rate higher than a specified rate. It's therefore a price ceiling. It can't be a price floor because any owner may decide to charge a fee as low as one may not be able to imagine. While there's no restrictions as to how low a landlord can go in terms of charging renters, the concept of price floor can't be considered here.
Answer:
Explanation:
Competitive advantages are those factor that put a manufacturer in a better position over rivals in the market and gives her the benefit of higher pricing and brand loyalty.
In this scenario , the competitive advantage that Heartsong has in the industry is her world wide reputation as a provider of choice for high-quality leading -edge artificial heart valves.
However, she has fund limitation to enhance research and development , larger production and maintain additional inventory as demanded by the market . The sales on account pattern as vendors are not paid immediately and short lead time for ordering due to the nature of the heart valve was not helping the situation.
The outsourcing arrangement to Edfex will ease the stress on delivery as it has hightech warehouses in most major population centers around the country. The focus will now be on research and development and increased production capacity.
an example of overconfidence would be: Joe makes a stock price prediction and believes that there is only a 5% chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
Buying stocks without any prior knowledge in finance would provide people with 50% rate of success. Good stock traders usually could improve their success rate up to 70% while success rate of 95% is very unlikely. Especially if the financial information showed a bad sign. The fact that Bill still put his money on the company's stock indicates that he is overconfident.
The answer to the question above is time. As time pass, it will show the effects of the supply and how it will be elastic or inelastic. Time will tell how the changes will happen because it shows the length of the effects will occur and when it will the changes take place. This will help the people evaluate the supply of goods as time takes place.
Inclusive and participatory management practices are the most effective in today's society. The indices show that companies that adopt this style of management achieve continuous improvements throughout the organizational process. Organizational culture focused on employee well-being ensures a positive culture and this influences them to do their job more effectively. It also increases security, pride in being part of that company, and values.
