Answer: A business hires a new programmer, so it can't afford to hire a new salesperson.
Explanation:
A P E X: Economics
Answer:
b. Verify whether there is only a fixed set of alternatives.
Explanation:
Exercising premature judgement might lead to a dangerous outcome. The manager ought to be patient and explore all possible solutions.
Answer:
Option (D) is correct.
Explanation:
Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.
Asymmetric information will result in two problems are as follows:
(i) Adverse selection
(ii) Moral hazard
Answer:
The relationship between marketing and finance is arguably one of the most important within any business. Traditionally perceived as an adversarial tug of war between marketing on one side spending the money and finance on the other trying to save it, this relationship has evolved into a modern marriage of equals.
Explanation:
I can't think of the product anymore, I've already answered the first one
Answer:
Product LN JQ RQ
Ranking 1st 2nd 3rd
Explanation:
<em>Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource
.</em>
<em>Jordision should rank rank its products using contribution per minute of constraint</em>
<em>Ths is done as follows:</em>
\Product LN JQ RQ
Selling price 161.72 50.32 468.25
Variable cost <u>(118.94) (241.42) (342.92)</u>
Contribution (a) 42.78 108.9 125.33
Minute (b) <u> 2.30 6.60 8.30</u>
Contribution/minute($)a/b 18.6 16.5 15.1
Ranking 1st 2nd 3rd
