Strategic planning is the process of defining the company's strategy and making decisions about how to use resources to accomplish that strategy.
Answer:
The answer is: A) larger companies have greater access to better technology which stimulates productivity growth.
Explanation:
The difference between the productivity of small companies and big companies in Mexico (and many other places) can be explained by the use of better technology. Technology, unlike capital, labor and land (3 factors of production), is subject to increasing returns.
While the 3 factors of production are limited by the "Law of Diminishing Marginal Returns ". This concept states that at certain point, using an additional factor of production will result in a smaller increase of the total output, i.e. lower productivity.
For example, if you have a machine in a factory and you increase the other factors of production (labor and materials), the output will be limited by the total possible output of the machine. Once it works 24 hours a day, seven days a week, and 52 weeks per year, it will reach the maximum output.
The only way you can bypass this law is by the introduction of new and better technologies, e.g. the only way to increase output in the factory is to get a better machine.
Answer:
Yes
Explanation:
Based on the information provided within the question we can say that Yes, the dealership is contractually bound to sell Mike the car at that price. This is assuming that the ad handed to the dealership by Mike is an actual ad that was designed and published by the dealership. If this is the case the dealership must uphold their price or it will be considered false advertisement and Mike would have a basis on which to sue the business.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
Break-even point (dollars)= $150,000
Explanation:
Giving the following information:
Selling price= $130
Unitary variable cost= 130*0.6= $78
Fixed costs= $40,000
Desired profit= $20,000
<u>To calculate the sales in dollars to reach the desired profit, we need to use the following formula:</u>
<u></u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (20,000 + 40,000) / [(130 - 78) / 130]
Break-even point (dollars)= 60,000 / 0.4
Break-even point (dollars)= $150,000