Answer:
<u>Status quo</u>.
Explanation:
Status quo is an expression created in the 1700s that means "in the state of things". In a business strategy the status quo can be used to keep business processes as they are. In the case of Procter and Gamble's, maintaining the status quo is a strategy that does not include long-term vision, because even if products are revenue generating, the market is saturated, so it is important to adopt an innovation strategy to prevent potential negative economic factors that may arise.
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.
Answer:
$1,560
Explanation:
The computation of the depreciation expense for the second year of its useful life is shown below:
First depreciation rate is
= 1 ÷ 5 ×2
= 40%
Now the depreciation expense for one year is
= 40% of $6,500
= $2,600
Now the depreciation expense for the second year is
= ($6,500 - $2,600) ×40%
= $1,560
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Answer:
<u>Microeconomics</u>
How much will Ultravision charge for "Call of Obligation?"
Is Ultravision able to sell all of the "Call of Obligation" games it produces or do they need to produce more?
How does Ultravision choose to market "Call of Obligation?"
How much will Ultravision pay the developers of the game?
<u>Macroeconomics</u>
Has the country's unemployment rate changed as Ultravision hired a huge team of workers to develop the game?
Have the millions of dollars that people have spent on video games worldwide affected the Gross Domestic Product (GDP) in their respective countries?
How much less economic output occurs countywide because workers call in sick to stay home and play either "Call of Obligation" or another video game?
Explanation:
Microeconomics refers to the study of the events resulting from responses of individuals to changes in motivation, prices, measures to produce and methods of production.
Macroeconomics
Macroeconomics is the subdivision of economics that is concerned with the functioning and organizational structure, characteristics, behavior and the selection processes and making decision with regards to the entire economy.
