Answer:
The answer is option C. achieve economies of scope.
Explanation:
An Economies of scope is a proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.
Based on the scenario portrayed in the question, the office management firm is hoping to achieve economies of scope.
Answer:
2. For Joe income effect dominates while for Adam substitution effect dominates
Explanation:
Income effect refers to change in the real i.e inflation adjusted income when prices change.
In the given case, Joe works at two jobs which means that for a greater income he is willing to work for more hours. Thus, in his case it can be said that income effect is prominent.
In the case of Adam, he works overtime regularly which means for every extra hour of work, he earns an extra income. This represents change in the relative income owing to change in working habits. This is a case of substitution effect.
Answer:
brainstorming as a part of it’s decision making process
Answer:
A.88.2
Explanation:
Productivity will grow with 5% each year
Last year Productivity = 84
Growth rate = 5%
This years Productivity = 84 X (1+5%)
This years Productivity = 84 X (1+(5/100))
This years Productivity = 84 X (1+(1/200))
This years Productivity = 84 X (1+0.05)
This years Productivity = 84 X 1.05
This years Productivity = 88.2
Answer: "competitor analysis" .
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