Based on the given scenario above, what Sal's reduction of effort represents DEFENSIVE STRATEGY. Defensive strategies are techniques that are utilized in order to combat an attack for possible competitors. In Sal's situation, since she is approaching retirement, her back up plan to decrease the possibility of having problems in the business is to reduce the number of locations.
Answer:
A shift to the right of the demand curve can be caused by any factor other than price that increases the willingless of consumers to purchase a product of service (in this case newspapers).
Two other events can result in a shift to the right of the demand curve for newspapers:
- Local elections are held in Baltimore - when local elections are held, people become more interested in following local news in order to decide their vote, therefore, they are willing to purchase more newspapers.
- A dramatic event occurs in Baltimore - it could be a natural disaster, a massacre, or an economic crisis, if things become too far from normal, people will want to learn about what is happening, and will look out for information in newspapers.
Answer:
Explanation:
Let D be the event that the lost card is a diamond
and D' be the event that the lost card is a non diamond
Therefore,
P(D) = 
= 0.25
P(D') = 
= 0.75
Now,
Event that the cards picked up are both diamonds = A
Thus,
P( A | D) = 
[ As One Diamond Card is lost ]
And,
P(A | D') = 
[ As One Non-Diamond card is lost ]
Therefore,
P(A) = P(D) × P(A | D) + P(D') × P( A | D')
= 0.25 × + 0.75 ×
=
Answer: Inelastic
Explanation:
The coefficients in a log-log model represent the elasticity of your dependent variable with respect to your independent variable. In other words, the coefficient in a log-log demand model is the estimated percent change in 
with respect to a percentage change in the independent variables like 
, 
, M, 
, etc.
Thus, coefficient of represents the elasticity of demand for good X with respect to Price of good x. So, Own-price elasticity of good x is 0.8.
Since this is less than 1 the good is relatively inelastic.
Parties place a considerable amount of attention on compensation plans because: Attracting exemplary employees with good compensation packets can translate into a competitive edge.
<h3>What is the importance of compensation and benefits?</h3>
Compensations and benefits are important elements of human resource management as it helps the force keep going. These compensations support the workforce inspired to achieve more. It helps the community award its employees established on their performance and allows them to excel at every venture they undertake. When employees are a part of a team their compensation should be: founded on team performance, with supplemental rewards for those workers who make outstanding personal assistance.
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