Answer:
no
Explanation:
honestly the only difference typically these days between senior and average is time spent at company. However, this does not make the average worker less or worse than the senior, and they could be even better. Therefore, the pay should be according to the rank that the person is, not senior wise, but profit wise.
It is TRUE that the basic idea dealing with how a business meets its customers' needs, the functions and operations that it organizes, and the finances is mostly captured in its business model.
- Basically, a business model is a profit-making plan. It expresses the products and services that a business has devised to meet customers' needs, using the bases of a given target market and expected costs.
- Differing components have been identified by various researches that form a business model. There is no general agreement as to what the components should be.
- However, the focus of a business model is on customers, infrastructure, and capturing value from business activities. These activities consume resources, which is at the center of the relationship between customers and value creation.
Thus, a business model is an important idea or plan that must be created at the beginning of a business to make it a value-creating venture.
Read more about an example of a business model at brainly.com/question/1171429
I think there should be an options to choose. Anyway I think, I've got what you mean. I think that the answer is: to achieve this standard, gregson's management strives to <span>maintain quality and efficiency</span>.
Answer:
$200
Explanation:
Reserve ratio is the percentage of a deposit that a bank is supposed to withhold as reserves forming part of deposit that banks make into federal reserve.
It plays a major role in deciding the amount of money available to be lent and supply of money.
<u>Workings</u>
Reserve ratio - 20%
On a deposit of $1000, The reserve is 20% * 1000 =$200
Assuming no excess reserve , the limit on the deposit is $800
The reserve = $200
Therefore , if $600 is lent , the bank can further lend ($800-$600)
$200
Answer:
(1) The price Elasticity of demand for Dormintory space will less than one.
(2) The room rates will increase following the increase in demand.
Explanation: The price Elasticity of demand is a term used in Economics to describe the change in Quantity demanded at the slightest change in price of the product or services rendered. FOR A NECESSARY AND ESSENTIAL GOODS AND SERVICES WITH NO CLOSE SUBSTITUTES LIKE THE DORMITORY SPACES THE PRICE ELASTICITY OF DEMAND WILL BE LESS THAN ONE.
THIS MEANS THAT A CHANGE IN PRICE WILL HAVE LITTLE OR NO EFFECT ON THE DEMAND.
One of the conditions necessary for a change in price is a change in demand, as the demand for a product or service increases, it will lead to a corresponding increase in the price of the product or service especially when the supply for the product or sevice is constant.
