Answer:
The correct option is: c. Market penetration
Explanation:
Market penetration is a strategy which involves successfully selling the products or services to the existing market in order to gain higher market share. It involves selling more products to the existing customers and also attracting and selling products to new customers.
This can be accomplished by competitive pricing, penetration pricing, giving discounts or increasing the marketing communications.
The contract in the scenario is considered to be valid even
if the contract is unauthorized because both of the parties have agreed on the
contract and therefore, it is considered to be valid and made use of even if
there is no authorized personnel involved.
Answer:
Demand for labor will increase
Explanation:
Substitute factors of production refers to factors of production that are similar and comparable, and therefore one of the factor can be used to replace another factor.
When two factors of production are substitutes, an increase in the price of one will lead to an increase in the demand for the other since the aim of any is to minimize the cost of production.
Therefore, if the cost of capital increases greatly, it will lead to an increase in the demand for labor since capital and labor are assumed to be substitutes in production.
Answer:
Determining whether the Performance Matches the Standard
Explanation:
In the Control process there are four steps:
Step 1. Establish Standards and Methods for Measuring Performance
Step 2. Measuring the Performance
Step 3. Determination of Whether the Performance Matches the Standard
Step 4. Taking Corrective Action.
In this example, the first and second steps have been completed, step 3 has just been done by Charlene since she discovered that the number of handbags produced in one week by 45 employees was 375 against the set target of 450 handbags.
Charlene is yet to complete step 4.
Answer: Debit card
Explanation: debit card uses the money that you have in the bank