Answer:
III. maximize profit.
Explanation:
Profit maximisation is assumed to be the most important goal of most firms. Profit maximization means selling a product at the point where total revenue is at its greatest above total cost.
Profit is maximised where marginal cost equals marginal revenue.
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Answer: The answer is b
Explanation:
The concept of advertising response function is based on the theory of marginal physical product and shows the relationship between advertising and the level of consumption of the goods by the consumers. The theory of marginal physical product states that when there is a change in total product resulting from one unit change in the quantity of the resources used per unit of time. When average product is increasing ,marginal physical product is greater than average product,when average product is maximum ,marginal physical equals average product .when average product is decreasing marginal physical product is less than average product.The theory of marginal physical product can also be called the law of diminishing return which states that if increasing quantities of one factor of production are used in conjunction with a fixed quantity of other factors then, after a certain point each successive unit of the variable factor will make smaller and smaller addition to the total output. In this case, the law tells the Trend Inc when to stop adding more input of the variable factor to a fixed factor.
Invariably, we are saying that it high time for Trend Inc, should spend proportionately less on advertising than on newer line. It should now spend more money on bringing of new product into the market than spending more on the advertisement of the sport shoes because at a certain point the demand for the old product will fall when diminishing return must have set in on the product demand.
Answer:
ethical
Explanation:
Corporate social responsibility (CSR) can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc.
According to Carroll, the four (4) main levels of an organization's pyramid of corporate social responsibility are;
I. Legal
II. Economic.
III. Philanthropic.
IV. Ethical.
In this scenario, Whole Life Spa uses only organic products that are mainly considered to be environmentally friendly. Thus, Whole Life Spa is operating at the ethical level of the pyramid of corporate social responsibility because it involves doing or performing actions that are considered to be morally right.
Answer:
SDX Alliance and Copyright
SDX Alliance should substantiate Ralph's claim that his former employer was out of business. In this attempt, contact with the owner of the moribund company and copyright should be initiated so that the copyright could be bought from the moribund corporation. These moves should run concurrently as SDX continues to review the code.
Alternatively, SDX Alliance can also continue to review the code while Ralph develops a modified code based on the copyrighted one. Some modifications of the old code may become inevitable due to the passage of time. If the new code can be modified to incorporate latest innovations and discoveries, then SDX can deploy and even copyright the modified code.
Explanation:
Copyright, which is a legal right, gives the owner the exclusive right to copy and modify a code. This means that another person is not allowed to make any copy without the original owner's permission. The question becomes difficult when the owner is no longer in business and cannot be located. Ordinarily, copyrights last for 70 years. Fair use of copyrighted intellectual property is allowed under certain conditions.