Answer:
Option (d) is correct.
Explanation:
If there is an improvement in the technology then as a result the producers will be able to produce more quantity of automobiles with the same level of resources. This will increase the supply of automobiles and shift the supply curve rightwards.
At the same time, the economy is experiencing a recession. This will reduce the income of the consumers and hence, the demand for automobiles also decreases. This will lead to shift the demand curve leftwards.
As a result of these shifts in the demand and supply curve, the equilibrium price will fall and the impact on equilibrium quantity is indeterminate because it will be dependent upon the magnitude of the shift of demand and supply curve.
Answer:
C. Computer assembly
Explanation:
Economic base refers to the potential for a city to grow or it's susceptibility to decline which is defined by a set of economic activities that city provides for the world beyond its geographical boundary. Given the following options, computer assembly seems to the least likely to be considered as high impact for either the economic base to grow or to decline. Computer assembly is a large part of a technician job that just involves assembly of computer parts.
In economic terms, marginal is another word for: C. additional
Let's say that you need to consume 2 hamburgers to be fully satisfied. The marginal cost refer to the additional cost that you need to pay to acquire the second hamburgers
hope this helps
Answer:
c. $7.44
Explanation:
Seemore's Company continuous improvement target for plastic cases in 2014 would be calculated by subtracting 7% of cost of plastic cases in 2013 from the cost of plastic cases in 2013 as the target cost reduction is 7%
= $8 - ($8 * 7%)
= 8 - ($8 * 0.07)
= $8 - $0.56
= $7.44
Explanation:
In 1979, Michael Porter developed a model of competitive analysis that became popularly known as "Porter's 5 forces". That are:
- Rivalry between competitors;
- Bargaining power of suppliers;
- Bargaining power of customers;
- Threat of new competitors;
- Threat of new products or services.
These five forces help the organization to position itself in the market, discovering essential information about the macro environment, such as information about competitors, which contributes to the effectiveness of quality management, based on efficient techniques on market analysis.
Porter also defined 3 general strategies that can be applied in any company, regardless of size and area of operation, so that it is possible to achieve a competitive and differentiated position in the current market.
- Cost leadership,
- Differentiation and
- Focus.
In the case of Quebecor Printing, analyzing its strategy of offering a personalized service using "selective binding" to print, it can be said that the company uses Porter's focused differentiation strategy, whose main characteristics are to provide a differentiated service from competitors for satisfy the needs of the consumer, so it is important that the company also invests in process improvement, such as improving the technical training of employees and developing market segmentation research so that the entry into markets in other locations occurs according to the needs and particularities of the target audience of a given location.