The B2B buying process is Product specification.
Explanation:
A product specification (also known as product specifications) is a documentation with a set of criteria which provides the necessary information by the product teams to develop new features or functions.
A strong spec does not handle product development micro-management. It instead presents the consumers with specific backgrounds, business needs and other parameters that enable them to determine informally when they design and develop a solution.
For examples, when a PSD outlines the user login page specifications and the standard security needs, a PRD version explains the standard security needs in detail.
Answer:
Consider the following thoughts
Explanation:
- No. the market is a semi-strong form of efficient.
The semi-strong form of efficiency states that the market is efficient.
- Yes, the historical information is also called as a public information.
- Weak form of efficiency is a another class of the semi-strong form of efficiency.
- If a market is strong form efficient, then it is also semi-strong and weak form efficient since all available information includes past prices and publicly available information.
- The semi-strong form also incorporates the weak form of hypothesis.
- They include event tests.
Answer:
Price of the whiskey would remain unchanged and the existing firms would continue to earn zero economic profit
Explanation:
In a perfectly competitive market, the market comprises of large number of sellers selling homogeneous products. The equilibrium is arrived at by the interaction of forces of market demand and supply and thus no single seller controls the output or influences the price.
The firms represent price takers in such form of markets.
Another major feature of this form of market being free entry and exit of firms which means existing firms can exit and new firms can join as there are no restrictions.
In the long run, firms earn zero economic profits in case of perfect competition.
In the given case, a huge factory of one of the leading producers of alcohol has been destroyed. The market being in long run equilibrium with zero economic profits, it means the incident will not in any way affect pricing and quantity as this will encourage new firms to enter liquor production market selling at lower price which would restore the equilibrium to it's original.
<span>The U.S. has an absolute advantage in producing toys, whereas China has a comparative advantage in producing toys. China does not need Adam Smith's absolute advantage of greater productive efficiency in toys, rather it needs David Ricardo's comparative advantage.</span>
Answer:
$50,875
Explanation:
The computation of the present value is shown below:
Given that
NPER = 5 × 2 = 10
RATE = 10% ÷ 2 = 5%
PMt = $0
FV = $82,870
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the present value is $50,875
Hence, the present value is $50,875
We simply applied the above formula so that the correct value could come
And, the same is to be considered