Answer: will increase but this will not affect living standards
Explanation:
GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.
If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.
The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.
Answer:
"C"
Explanation:
A customer - driven environment is an organisation where customer needs are identified and all efforts are in place to ensure that these needs are met to the maximum satisfaction of the customer.
Quality and pricing are key components of this system as a customer will be attracted if he is sure of the quality of a need at a reasonable price. It does not mean it should be the cheapest and lack quality.
It has been proven to be a good way of gaining competitive edge over rivals in business.
Answer:
Would you cut back on making repairs and keeping the building in a safe and
livable condition?
No, I would maintain the building as good as posible.
How might you keep the building in good shape and still turn a profit?
the value of the building will increase over time. Then, is a matter of patience to make a profit out of the sell of it.
Is it possible to manage the building or change it to make it both livable and profitable?
yes, What usually happens with rent control properties is that the landlords use the building for commercial or create condos use to avoid the law.
