Answer:According to the article, when companies earn patents specifically to prevent competition, it hinders the innovation of products that might actually be better. For instance, Bruce Nolop describes how his company had to pay more attention to the "minefield of existing patents than on the expected value that we could bring to customers." Rosabeth Moss Kanter suggests a "use it or lose it" solution to this problem. She thinks that a company that patents an item would be forced to use the patented idea or product or risk losing the patent. This idea would encourage more competition and prevent patent abuse.
Explanation:
Answer:
<u>Business ethics.</u>
Explanation:
Business ethics is the set of ethical and moral principles that exist in an organization to regulate its activities, actions and decisions that occur in the organization. The set of ethical values is directly determined by the organizational culture, and should be shared with all employees and organizational levels, as it is the business conduct of the company.
When well-established, corporate ethics ensure and motivate positive behavior, enhance a company's reputation and ensure its safety in the marketplace.
Answer: CDCynergy and SMART
Explanation:
=> CDCynergy
Process steps in CDCynergy:
(1) Problem Statement
(2) Analyze problem
(3) Plan Intervention
(4) Develop Intervention
(5) plan Evaluation
(6) Implement Plan
=> SMART
SMART criteria
(1) Specific
(2) Measurable
(3) Assignable
(4) Relevant
(5) Time Based
Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.
Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)
where Total Revenue = $100,000
Explicit Cost = $2000 + ($25000*10%) = $4500
Implicit Cost = $70000 + $10000 = $80000
Economic Profit = $100,000 - ($4,500 + $80,000)
Economic Profit = $100,000 - $84,500
Economic Profit = $15,500
Hence, Sid's Economic Profit is equal to $15,500
Answer:
a. investment risk
Explanation:
Risk is the potential of an action or activity (including the option not to move) to cause an undesired loss or event. The idea implies that a choice affects the outcome. The same potential losses can be called "risk".
Investment risk: We can define it as the inappropriateness between the actual and expected returns. Because on this type of risk, there may be occurrence of any losses with some probability or likelihood which will be relative the expected return.
Asset class is about the grouping process of investments which have some mutual or similar characteristics. The risk on this case is something has relative elasticity compared to another investment in the market. Usually, there is 3 groups of asset classes: equities, bonds and money market instruments.
The market risk which is called sometimes as systematic risk. This risk consider the entire market and has effects on this scale. The investor who undertook this risk will see that the factors which affect the overall performance of the whole marketplace.
Opportunity cost is the cost when you have purchased, chose or bought the product compared to another product. However, you will notice that if you buy another one you will get more value or consumer surplus but you have just bought and you missed chance. This is the opportunity cost
