Answer:
Option C is correct
Explanation:
For equilibrium condition to apply
MPl/w = MPK/r where mpl=4, MPK = 40 and r= 100
That is dollar spent on capital Change in output should be equal to change in out put for extra dollar spent on labour.
So therefore:
4/40 = 4/100
Since average return from capital is more so firm needs more capital and less labour to meet equilibrium condition that is MPL/w is equal to MPK/r.
Option C is the right one
Answer:
Positioning
Explanation:
The positioning, in marketing, is a commercial strategy that aims to achieve a product occupy a distinctive place, relative to the competition, in the mind of the consumer. The concept of "product" is understood broadly: it can be a physical, intangible element, company, place, political party, religious belief, person, etc. In this way, what happens in the market in relation to the product is a consequence of what happens in the subjectivity of each individual in the process of knowledge, consideration and use of the offer. Hence, the positioning today is closely related to the guiding concept of value proposition, which considers the integral design of the offer, in order to make sustainable demand in broader time horizons.
Please see the complete question below.
"You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling process.
(A) approach
(B) qualifying
(C) prospecting
(D) introduction
Answer:
The answer is approach (Option A)
Explanation:
The approach step is a vital step in the selling process in which a salesperson makes a call to, or visit a prospective customer for the first time. In other words, it is the step in which the sales person establishes a rapport with the prospective customer.
Thus, it is important that the salesperson makes a good first impression by presenting himself/herself in a professional manner, exhibit credibility as well as all other qualities need to start a good relationship with the prospective customer because first impression lasts long.
Answer:
b. in steady state
Explanation:
As we know that the simulation model should be applied at the time when the number of samples with respect to the customers should be tested. Also it considered for the decision making purpose that shows the average no of customers that instantly increased from the 0 unit in the case when the level is off and also hold the same value. So here the simulation model should be considered as in the steady rate
Therefore the option b is correct
Answer:
Tina's Tunes is likely to fail because it is ignoring the technological environment.
Explanation:
Technological Environment Technological change can have impact on the decisions taken by business.
Technological change can involve:
– New process of production: new ways of doing things which rises productivity of factor inputs, as with use of robotics in car assembly techniques which has dramatically raised output per assembly line worker. For example around 80% of technological change has been process innovation.
– New products: For example, online banking and many new financial services are direct result of advances in micro processor based technologies.
A firm, which is unable to cope with the technological changes, may not survive.
