It is a economic concept with two different meanings.
Explanation
Consumer sovereignty in production refers to the controlling power of consumers instead of the holders of scarce resources.
Answer:
$60,410
Explanation:
The computation of the maximum borrowing amount is shown below:
= Home worth for today × borrowing percentage - remaining mortgage balance
= $164,000 × 68% - $51,000
= $111,520 - $51,000
= $60,410
We simply take the difference between the borrowing amount and the remaining mortgage balance in order to find out the maximum borrowing amount
Answer:
B. Money already spent for research and development of the new product.
Explanation:
A new product idea that endures the screening stage of new product development (NPD) requires an increasingly advanced and itemized business analysis. A business analysis will assist you with deciding the costs associated with your proposed NPD, and gauge the benefits you may make from the product in future financial years.
Answer:
Function
Explanation:
Functional departmentalisation is when staff who perform similar functions are put in the same department.
Examples of functional departmentalisation includes- marketing department, production department, finance department, human resources department.
Advantages of functional departmentalisation include:
1. It makes coordination of activities easier
2. It enhances supervision of staff
3. It enhances specialisation.
Functional departmentalisation can lead to overspecialisation and the inability of managers to perform in other departments other than their primary departments.
Other types of departmentalisation are :
1. Customer departmentalisation
2. Geographic departmentalisation
3. Process departmentalisation
4. Product departmentalisation
Answer:
3rd stage or Norming stage of group development.
Explanation:
3rd stage or Norming stage of group development.
In this stage responsibilities among group member is divided on the basis of their skills. During this stage members start to cooperate with other co members. A bonding among the members is start to developed which result in understanding each other contribution and identity. The main advantage of this understanding is that conflicts and misunderstanding issues has been resolved at faster rate.