Masoud must strengthen his strategic thinking skills, so he should have a global thinking in which he takes into account all aspects related to architecture.
<h3>What is strategic thinking?</h3>
Strategic thinking is a term that refers to the thought process that is focused on achieving success in a game or other activity in a given context.
Additionally, strategic thinking is a very useful process in the business field because it allows individuals to generate new ideas and develop opportunities to create competitive advantage.
According to the above, Masoud must take into account the needs of the environment and the new trends in architecture to strengthen his strategic thinking skills.
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From the income statement, it can be deduced that the net profit of Alpine house will be $8000.
<h3>How to calculate new profit</h3>
From the complete information, the net profit will be calculated thus:
Total sales revenue = $150000
Less: Cost of sales = $90000
Gross profit = $60000
Less: Variable selling expense = $10000
Less: Variable administrative expenses = $2000
Less: Total fixed selling expense = $20000
Less: Total fixed adminstrative expense = $20000
Net profit = $8000
In conclusion, the net profit is $8000.
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It would be - People can contribute to the account until retirement age.
Contributions to the account are limited each year.
Contributions can be deducted from federal taxes
The correct statements are:<span>
</span>
<span>An increase in price leads to a decrease in quantity demanded
</span>
and
<span>A decrease in price leads to an increase in quantity demanded</span>
According to the laws of demand and supply, if the price of any product/service is increased there would naturally be less demand for such a product.
As a natural human response, we avoid products that get expensive and opt for cheaper options.
Also, if the price of a product/service decreases, there would be more demand for such a product as more people will be able to buy it.
