Answer:
For chain stores, prices are uniform in all branches while for departmental stores, each department sets its own price. Chain stores sell similar goods while departmental stores deal with different line of goods.
Explanation:
Answer:. When patients participate in decision making and understand what they need to do, they are more likely to follow through.
Explanation:
a) - money issued by the financial intermediaries such as banks but not the central bank
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
<u>Explanation:</u>
Stakeholders are the group who show interest in the company and their business or job has impact on the happenings of the company. The stakeholders of the company can be internal stakeholders or external stakeholders. Internal stakeholders have more impact than the external stakeholders.
Internal stakeholders are employees, investors and owners. External stakeholders are outside the company they also get affected due to business decisions. They are suppliers, creditors, and public group.The government, community and trade associations are also included as external stakeholders.
