Answer:
Strategic management
Explanation:
Definition:
Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.
Three components of strategic management:
- Strategic Analysis - takes into account factors affecting the internal and the external environment of the business.
- Strategic Choice - involves the formulation, evaluation and selection of strategic options.
- Strategic implementation - involves implementing and monitoring the strategies selected by the business.
Answer:
cheap method of product promotion
uses and operations of goods can be demonstrated
Answer:
A is the correct option.
Explanation:
West Mudville should specialize in and export baseball bats.
Production possibility curve illustrates the amount of two different goods which can be produced when there is fixed availability of a resource which both the items use for manufacture. In PPC it is assumed that the production will be optimally efficient. It is known as transformation curve. In macroeconomics it represent the point where country's economy is most efficiently producing goods and services, hence allocating the resources in the best way.
Answer:
$2,400
Explanation:
We know that
GDP = Consumption + Investment + Government purchase + Net exports
where,
Net exports = Exports - imports
= $1,000 - $1,200
= -$200
Now the investment is
$10,000 =$6,000 + Investment + $1,800 - $200
$10,000 = $7,600 + Investment
So, the investment equal to
= $2,400
Answer:
The correct answer is A and B
Explanation:
Law of increasing the opportunity cost is the principle or the concept which is defined as the company continue to increase the production of one good, the opportunity cost of producing the next unit will increase.
It is as to reallocate the resources in order to produce that one good which was better or best suited to produce the original good.
The law of opportunity cost occur when some of the resources are best suited for some tasks or products instead of others and it will lead to increase in production with increase in the opportunity cost too.
