Answer:
options-based planning
Explanation:
Options-based planning is defined as one that focuses on what could go wrong in a given business venture. Resources are now used to mitigate the projected issues that can arise.
In the give scenario Plastbolt is trying to invest in two smaller plastic manufacturing companies and buy the one that it finds yields better returns.
So they have an option of going ahead with the venture that has better returns.
Answer:
P = 70, Ed = ∞ , Firm = Price Taker , Free Entry & Exit
Homogeneous Product , No selling costs , Long Run Normal Profits
Explanation:
Perfect Competition is a market form with : many number of buyers & sellers, selling homogeneous goods at uniform prices, while firms & consumers having perfect information & no selling costs.
In this market : Price = Marginal Cost , as taken by all firms from the industry & so demand curve is horizontal parallel to x axis - denoting perfectly elastic demand i.e infinite sale at prevailing price.
As market's all sellers goods are homogeneous & all have perfect information about it, no selling costs are required. Free Entry & Exit in industry also imply that Industry's profits are confined to 'Normal Profits' (No Supernormal profit / abnormal loss) in long run.
So, Smith's report would include all the above mentioned remarks.
Answer:
Integrated marketing communications
Explanation:
Integrated marketing communications refers to a strategy in which the different forms of communication are coordinated to be able to deliver the same message to potential customers. According to this, the answer is that when a PR firm actively combines public relations, marketing, advertising, and promotion into a more or less seamless communication campaign that is as at home on the web as it is on the television screen and magazine page, it is engaging in integrated marketing communications.
Answer:
a person who sets up a business or businesses, taking on financial risks in the hope of profit.
The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently.
BREAKING DOWN 'Scarcity'
When we talk of scarcity within an economic context, it refers to limited resources, not a lack of riches. These resources are the inputs of production: land, labor and capital.
People must make choices between different items because the resources necessary to fulfill their wants are limited. These decisions are made by giving up (trading off) one want to satisfy another.
