Answer:
The profit motive
Explanation:
Although the <em>profit motive</em> is essential and common among all businesses that exist, it is by nature anti-competitive, meaning it is not a trait used to create substantial competitive advantage. It is a notion that will certainly not attract customers. However, it is always present (and most customers know that), but the profit motive will never be communicated through mrketing activities etc.
Answer:
The two optimal two part price that would be suggested to Verizon is Unit per Fee = $1 and Lump Sum fee or fixed fee = $99
Explanation:
Solution
For us fully maximize profit under two part price It should gives that amount of wireless service at which P = MC and and also charge Lump sum fee or fixed fee equals to the consumers surplus that consumer will have.
Now,
marginal cost= MC = 1 and P = 100 - 25Q.
Thus,
P = MC => 100 - 25Q = 1 => Q = 2
Then,
The Consumer surplus is the above area Price of line which is (iP = 1) and below is the curve of demand
Now,
P = 100, When Q = 0 The Consumer surplus = (1/2)*base*height
= (1/2)*(100 - 1)*2 = 99
Therefore, Fixed fee or The Lump Sum fee = 99
However, the Optimal two part pricing is denoted by:
The Unit per Fee = $1 and Lump Sum fee or fixed fee = $99
Answer:
They have work that is characterized by fragmentation, brevity, and variety.
Explanation:
Hentry Mintzberg, a famous American non-fiction author, wrote in one of his books on management about the roles of managers. In it, he described their work as being fragmented, short, and varied.
Fragmented means that they often have to stop what they're doing in order to jump into something else that may be more urgent. Brevity refers to the fact that they usually do things quickly because of how many obligations they have. Variety refers to the various types of work they have to perform within their obligations.
