Answer:
A. Functional flexibility
Explanation:
Every company aims to be successful. For this the company shall be adaptive to change, this clearly provides for the company to evolve and have plans and programs which help in implementing change.
Functional Flexibility provides for change in the organisation with the change in environment. Basically it creates a effective mechanism in the company to meet the changing needs of the market in order to be effective in the market.
The employees are asked to change their roles and functions, for this if needed they are even provided training.
Answer:
a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost
Explanation:
a. According to the given data we have the following:
Let "C" is a cashier.
"K" is a kiosk
MPC = 48 (Marginal Product of Cashier)
MPK = 32 (Marginal Product of Kiosk)
PC = $15 (cashier can be hired for a wage of $15)
PK = $12 (Kiosk rents for $12)
At optimal cost minimization point, (MPC / MPK) = (PC / PK)
(MPC / PC) = (MPK / PK)
(MPC / PC) = (48 / 15) = 3.2
(MPK / PK) = (32 / 12) = 2.67
Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.
b. We have to use the following:
(MPC / PC) > (MPK / PK)
i.e., 3.2 > 2.67
It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.
Explanation:
The two types of goods / services where price competition works best are those classified by a market model of perfect competition and imperfect competition.
In perfect competition, there is a predominance of a homogeneous market, with the presence of many companies and without barriers to entry, where there is the possibility of free price competition, such as the food industry.
In imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition but depending on the benefits, functionality and degree of differentiation of the good perceived by the consumer.
Answer:
current price of stock = $40
Explanation:
given data
expected dividend = $4.00
required return = 15% = 0.15
growth rate = 5% = 0.05
to find out
current price of stock
solution
we get here current price of stock that is express as
current price of stock = 
....................1
here r is required return and g is growth rate and D is expected dividend
put here value in equation 1 we get
current price of stock = 
current price of stock = $40
