Answer:
Cafeteria Plan
Explanation:
This compensation plan allow employee to choose benefit of their choices from the number benefit available
Answer:
Letter a is correct. <em>His idea solved a problem.</em>
Explanation:
In this case, the emergence of the Netflix company came about because of a problem its creator Reed Hastings had when returning a DVD.
The creation of the company arose out of necessity and solved the problem of people who forgot to return rented DVDs on time and therefore had to pay high interest rates. Netflix's success lies in offering subscription plans so that subscribers have unlimited streaming access to thousands of movies and series, which became popular around the world and made the old dvd rental system virtually extinct.
Answer:
If a purely competitive firm shuts down in the short run: it will realize a loss equal to its total variable costs.
Explanation:
Shutting down in the short run is a proactive action undertaken by competitive firm to to avoid losses.
Otherwise, if they continue production, they will accrue more losses from operating cost.
in the short run, the firm has is committed to pay spend on recurrent expenditure and even if the firm produces a quantity of zero, it would still make losses because it would still need to pay for its fixed costs such as rent and insurance,
Therefore, competitive firms shut down in the short run so that they can reduce variable costs to zero.
Answer:
an engraving service for pen owners who may wish to will their pens to loved one.
Bic is a large publicly traded company with significant financial resources.
Explanation:
Mont Blanc uses differentiation strategy to address to consumer social and emotional needs. The best strategy will be to provide pen with name or a special message engraved in the pen according to the consumer needs. This will focus on consumer social needs and pen owners will love to will their pens to their loved ones.
Bic is large publicly traded company which has significant financial resources available to it. Bic will not wish to compete with Mont Blanc as it will require financial resources to capture its target market. Bic pens are cheaper and consumers are attracted to it because of its low price and ease in availability.
Answer:
A) new buy
Explanation:
A new buy situation is basically when you have to purchase a product or service for the first time. Since the company hasn't purchased this product or service before, the buying team will have to define several aspects for the first time and that takes time (e.g. potential vendors, different product qualities, etc.). There is no precedent buying situation, so the entire process must be completed.