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3 years ago

7

1. What are the three stages in strategic management? Which stage is more analytical? Which relies most on empowerment to be suc

cessful? Which relies most on statistics?

1 answer:

valkas [14]3 years ago

3 0

Answer:

strategic management: strategy formulation, strategy implementation, and evaluation and control.

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When countries such as the U.S. promote production of domestic cotton, developing countries that produce cotton are hurt. Why?

uysha [10]

Answer:

Explanation:

They are hurt because cotton is one of their exports and a developing nations needs to be able to make money from them so if a big country takes away one of their main exports it will hurt their economy.

5 0

3 years ago

Which of the following statements concerning the selection of risk management techniques and insurance market conditions is (are

valentinak56 [21]

Answer:

I.It's easier to purchase affordable insurance during a "soft" market than during a "hard" market

I only

Explanation:

When a purchaser of insurance wants to make a purchase he analyses the market to get a favourable condition that reduces risk and loss.

The market condition can be a soft market or hard market.

Soft market is one in which potential sellers are more than potential buyers. So supply exceeds demand. Buyers are able to buy affordable insurance.

Hard market on the other hand is when there is an upswing in market cycle. Premiums increase and capacity for insurance decreases.

It is more difficult to get affordable insurance in this market

6 0

3 years ago

When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 trips a day.

Artemon [7]

Answer:

Price elasticity of demand, $P_{ED}$ = 1.63

Explanation:

We know,

Price elasticity of demand, $P_{ED}$ = $\frac{Percentage change in Quantity Demanded}{Percentage change in prices}$

We will be using mid-point method to calculate the price elasticity.

Here,

Percentage change in Quantity demanded = $\frac{Q_{1} - Q_{0}}{\frac{Q_{1} + Q_{0}}{2}}$ × 100

or, Percentage change in Quantity demanded = $\frac{26,000 - 10,000}{\frac{26,000 + 10,000}{2}}$ × 100

Therefore, % change in Quantity demanded = $\frac{16,000}{18,000}$ × 100 = 88.89%

Again,

Percentage change in price = $\frac{P_{1} - P_{0}}{\frac{P_{1} + P_{0}}{2}}$ × 100

or, Percentage change in price = $\frac{1.00 - 1.75}{\frac{1.00 + 1.75}{2}}$ × 100

Therefore, Percentage change in price = $\frac{-0.75}{1.375}$ × 100 = - 54.55%

Therefore, Price elasticity of demand, $P_{ED}$ = 88.89% ÷ (- 54.55%) = 1.63

We know, price elasticity is always positive. Therefore, we have to give an absolute value for price elasticity.

5 0

3 years ago

Compare your results to the industry ratios and describe what NMC should do to improve its position in the market.

docker41 [41]

Answer:

sorry need points ok.

Explanation:

sorry talaga ha

pero wag kayong magalit

ayaw kasuko
wag kang magalit
never angry

7 0

3 years ago

. Suppose you own a bookstore. You believe that you can sell 40 copies per day of the latest John Grisham novel when the price i

Iteru [2.4K]

Answer:

PED = 0.67 inelastic demand

you should not lower the price of the book

Explanation:

the midpoint formula for calculating price elasticity of demand = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}

PED = {(50 - 40) / [(50 + 40) / 2]} / {(25 - 35) / [(25 + 35) / 2]} = [10 / (90 / 2)] / [-10 / (60 / 2)] = (10 / 45) / (-10 / 30) = 0.222 / -0.333 = 0.67

the PED = 0.67 which means that the demand is inelastic

if you lower the price of the book, the increase in number of books sold will be proportionally lower than decrease in price, so you will lose money by doing that.

7 0

3 years ago