Answer:
Option B (By embracing lower operating costs it's much more likely to handle price rises) is the correct choice.
Explanation:
- Cost management or leadership seems to be an organizational practice introduced by Michael Porter. This helps build organizational competitive benefits. Price leadership relates to supplying the market with the cheapest operating costs, which varies from the pricing strategy.
- Sometimes it is driven by performance, size, complexity, reach, infrastructure as well as the perspective of the organization.
Some other options given should not be concerning the condition in question. And the correct response would be alternative B.
<span>politely seek additional information by saying, I'm not sure that you really want to stay late. Do you have somewhere you need to be
When Stephen slams his desk drawer following him agreeing to work late when his manager asked, the manager should politely talk to him in order to get further information. The best way would be to state that the manager is feeling that Stephen doesn't really want to stay late, is there something Stephen needs to be doing?</span>
Answer:
1. 3 pounds of Vegetable
2. 5 Pounds of Vegetable
Explanation:
The question requires the calculation of Opportunity costs. This is the benefit foregone or benefit that can be derived from a next best option based on an individual's current choice.
The question is to calculate the Opportunity cost for John and George espcially as regards the production of two items. The first is Chicken and the second is Vegetables. It can also be provided in a given amount of time.
We can expect one pound of chcken to trade for at least........ pounds of vegetable but not more than ............. of vegetable
One pound of chicken has the opportunity cost of ......
Step 1: How many pounds of vegetable can John produce compared to pounds of chicken?
John can produce 40 pounds of Vegetable for 10 pounds of Chicken
Therefore, 1 pound of chickedn = 40 Pounds of Vegetable/ 10 pounds of Chicken
It means 1 pound of Chicken has the opportunity cost of 4 Pounds of Vegetable for John
Step 1: How many pounds of vegetable can George produce compared to pounds of chicken?
George can produce 25 pounds of Vegetable for 5 pounds of Chicken
Therefore, 1 pound of chicked = 25Pounds of Vegetable/ 5 pounds of Chicken
It means 1 pound of Chicken has the opportunity cost of 5 Pounds of Vegetable for George
