Answer:
Profit Maximisation
Explanation:
Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.
Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity
Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.
Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.
Explanation:
Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.
A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.
Answer: Background material, fact sheets, news releases, and sample photos are commonly found in a Press release
Explanation: A press release is an official statement that is sent to members of the media, to provide certain information related to an event or announcement made by the company, usually accompanied by certain material that documents the launch, such as photos and audiovisual material. These releases can save a company time to announce the events and with globalization, these releases can have a much greater reach than before.
The statement, according to the erosion model of an organizational commitment, the employee with the fewest emotional bonds is the most likely to quit, is true.
The erosion model explains that an organization's employee who have less or fewer emotional bonds tend to quit the organization because they do not feel or get involved in the organization, or they don't feel any attachment to it.
Here the social influence model states that suppose when two employees are closely related or have good terms, so if one of them quits their work, then the other one is more likely to follow them and leave the organization.
Hence, the erosion model suggests that employees with fewer bonds will be most likely to quit the organization.
To learn more about erosion model here:
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Answer:
Theory of Efficient markets
Explanation:
According to this theory stock prices react instantaneously to new information
