Answer:
E. culture.
Explanation:
Culture can be defined as a set of practices, beliefs, values, and customs that are shared by a group of people, and that enjoy legitimacy.
The travel book insight guide specifically tries to inform the traveller about those cultural aspects, probably in order to manage the traveller's cultural expectations so that they do not suffer too much of a culture shock.
Answer:
class A stocks
Explanation:
in 5 years, class A stock will be worth = $30 x (1 + 6%)⁵ = $40.15
in 5 years, class B stock will be worth = $20 x (1 + 12%)⁵ = $35.25
now we need to determine the present value if each stock:
class A stock present value = $40.15 / (1 + 8%)⁵ = $27.33
class B stock present value = $35.25 / (1 + 8%)⁵ = $23.99
since the present value of class A stock is higher, then the engineers should select that type of stocks.
Answer:
C Apple's need to continually innovate
Explanation:
Organisation personnel can be hired through internal recruitment - from within the organisation, or through external recruitment - from outside the organisation.
Internal Recruitment has advantage of fresh, new talented people with creative, innovative ideas. External Recruitment has advantage of no need to introduce & orient existing people with organisation culture, rules etc.
Apple condition existed, suggesting to hire from outside : Apple's need to continually innovate
Apple condition existed, favouring replacing CEO from within the firm : The need for the CEO to know the firm's core competencies as well as be able to develop new ones
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:
The correct option is: c. Market penetration
Explanation:
Market penetration is a strategy which involves successfully selling the products or services to the existing market in order to gain higher market share. It involves selling more products to the existing customers and also attracting and selling products to new customers.
This can be accomplished by competitive pricing, penetration pricing, giving discounts or increasing the marketing communications.