<u>Children's construction sets</u><u> is the primary product focus for the </u><u>lego </u><u>company.</u>
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What is the strategy of LEGO?
- The LEGO Group's mission is to inspire and develop the builders of tomorrow through the power of play.
- The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.
Does LEGO use differentiation strategy?
- The LEGO group is using the differentiation strategy as the company states, "we want to be the best, not the biggest."
- In addition to that, the company is focusing on new product development along with innovation as well.
Why is LEGO so successful?
- Instead of offering kids ready-made toys, LEGO gives them the opportunity to build their toys — a much more challenging activity which kept kids engaged for hours.
- The LEGO System of Play becomes very successful and the company starts selling it to other countries.
Learn more about LEGO
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Answer:
Decrease
Explanation:
Fiscal policy is an important policy tool which is used by the government to account for revenue and expenses. During a boom stage, when the economy is improving the government implements more taxes. Similarly, in a recession period, where economic growth is negative an expansionary discretionary fiscal policy is applied. In this type of fiscal policy, taxes and government expenses both are concentrated to remove the pressure.
Answer:
A) Both Riley and Anh are correct.
Explanation:
to see who is right we can calculate:
PV = FV / (1 + r)ⁿ
FV = PV x (1 + r)ⁿ
Riley's statement:
PV = $700 / (1 + 6%) = $660.38
PV = $700 / (1 + 3%)² = $659.82
Riley is right
Anh's statement:
FV = $700 x (1 + 6%) = $742
FV = $700 x (1 + 3%)² = $742.63
Anh is right
They are both right due to compound interest, since compound interest means that the interest earned will also earn more interest.
Answer:
c. the contract is discharged.
Explanation:
As the contract is not feasible to be completed not because of any parties of the contract, but because of externalities.
This provides for the no fault conditions on both the parties of the contract.
Here the construction was to be done by the Construction Contractors Inc. for Discount Retail Inc, at a place in Electro City.
But now the construction cannot happen as because Electro City has an amendment providing no construction at the particular place where Discount Retail Inc. wants the construction.
