Answer:
e. point directly to the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.
Explanation:
A competitive strength assessment is defined as a weighted comparism of a business's strengths and weaknesses compared to the competition. The knowledge gained can be used to improve on weak areas.
Competitive advantage is the traits that set a business aside and gives it an edge over others. Competitive strength assessment evaluates the competitive advantages of a company. Therefore it shows the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.
Answer:
The absorption approach
Explanation:
The absorption approach with respect to the balance of payments derives that a balance of trade of a country will only better if the output of the company in terms of goods and services rises by more than its absorption or utilization
Here, the absorption refers to incurred expenditure by the residents who are domestic on the goods and services.
Hence, according to the given situation, the appropriate option is absorption approach
Answer:
1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?
a. 1, 2, 5, and 6 only.
2. More than 75% of the world's income is earned by what percentage of the world's population?
d. 5%.
Explanation:
The above options are the solutions to the questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.
The correct answer is letter a. Activities related to selecting acceptable risks so that general insurer objectives are met. Underwriting is best described as "<span>Activities related to selecting acceptable risks so that general insurer objectives are met."</span>
Here are the choices
a. Activities related to selecting acceptable risks so that general insurer objectives are met.
b. Actuarial science
c. Production-related activities performed primarily by agents in the field
d. Process of developing pricing structures for insurance, often performed by an actuary
e. A function most often performed by adjusters
