In order to make the right decisions that will ensure that his hotel is up to standard, Trevon should hire a Management Consultant.
The purpose of a management consultant is to:
- Help a business make better decisions
- Improve efficiency
- Help with problem solving
Trevon needs an expert that is capable of making the best decisions to ensure that his hotel gets the necessary upgrades that it needs to appeal to the major corporation.
Management consultants will be able to do this as they are trained in helping companies become better. We can therefore conclude that Trevon needs a management consultant.
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Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.
Answer:
Portfolio's beta is 1.04.
Explanation:
Portfolio's beta is the weighted average beta. So, take weightage of each stock, multiply it with the respective beta, and add the results.
Finding Portfolio value for Weightages:
Total Amount Invested OR Portfolio value is = 10,000 + 40,000 = $50,000
Weighted Average Beta:
(10,000 / 50,000) * (.4) + (40,000 / 50,000) * (1.2) = .08 + .96 = 1.04.
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