Answer:
A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.
Explanation:
Companies usually give numerous promotions to their valuable customers to increase the overall sales revenue. In the above scenario, if a home mortgage company creates a sales promotion which attracts customers to buy their product and take advantage of the favourable interest rate is an example of companies focusing on macroeconomic factors. Macroeconomic forces are important for any company to improve profits.
Answer:
Discuss the concerns you have with the supervisor in charge.
Explanation:
It is wrong under the ethics code to ignore a clear sign that an intervention is required be it in business decision making or in this case, construction. It is your obligation to report any abnormality noticed to the supervisor in charge.
Answer: It only focused on brand competitors
Explanation:
The options to the question are:
A) It idenfied the wrong brand competitors.
B) It was too obsessed with market dominance.
C) It only focused on brand competitors.
D) It didn't engage in competitive analysis.
E) It refused to collaborate with its competitors.
From the question, we are informed that Kodak focused on maintaining market dominance over Polaroid and Fuji but failed to consider Sony, Nikon, Canon, and even smartphones.
The mistake made by Kodak was that it only focused on brand competitors. Kodak failed to realise that firms such as Sony, Nikon, Canon, and even smartphones are competitors as well.
Answer:
<h2>The function of money as <u>medium of exchange</u> is most closely related to the overall demand for monetary transaction.</h2>
Explanation:
- The transaction demand for money basically reflects the overall demand for monetary transactions in the economy which is essentially determined by the respective demands for goods and services and how many times they are commercially exchanged or traded in various markets in the economy.
- Therefore, the higher the commercial flow or movement of goods and services in the economy, the higher will be the demand for money in the economy.
- Now,one of the important functions of money is medium of exchange meaning that it is practically accepted as an universal medium of exchange for buying and selling any product or service in any economy or country across the world.
- Since, money is the only acceptable unit or medium of exchange for any commercial transaction or exchange, the demand for monetary transaction is also practically related to the money being used as unit or medium of exchange.
Commodity means a product that can can be bought and sold
