Answer:
Increase, increase
Explanation:
The correct answers to the blanks are;
First blank : Increase
Second blank : Increase
The Solow Growth Model is a model used in economics to measure the development in economy considering the changes in the level of output over time as a consequence of changes in the population. It also takes account the investment in economy and then the depreciation involved
This model was presented by Robert Solow an Amercian economist
Answer:
A. decision-making authority should be put in the hands of the people closest to and most familiar with the situation, and these people should be trained to exercise good judgment.
Explanation:
A decentralized organization can be defined as one whose decision-making process is not only in the hands of top management, that is, in this type of decision making, employees of lower hierarchical levels also participate in essential company decisions, therefore the alternative best suited to the beliefs of a decentralized organizational structure is that decision-making authority should be placed in the hands of the people closest to and most familiar with the situation, and these people should be trained to exercise common sense.
Some factors that contribute to this type of structure are the organizational culture, the work environment, the organizational strategy, etc.
Some of the advantages of decentralization are the reduction of time for an important decision and the engagement of the team of employees to assist in the decision-making process, which consists of greater motivation and job satisfaction
Answer:
The survey would have happened during the stage of idea screening
Explanation:
The idea screening process involves comparing and contrasting potential new products in order to determine which of the ideas are a perfect fit for the business giving its current resources, strengths , opportunities ,threats or limitations of the business.
At this stage of product development,the over-aching aim is to pick the products could be best invested that yield positive in a short while rather picking all available options that might drain the resources available and not yield commensurate returns.
Answer:
c. transform their current customers into loyal advocates for themselves
Explanation:
Customer satisfaction is the utmost priority of the company. By satisfaction its customers, the company could accomplish its set targets due to which is able to take the competitive advantage so that it could easy for the company for achieving its goals and objectives
The customer satisfaction with the company products when he or she feels that he or she invested the right amount at the right place
So, the company aims to convert its current customers to permanent customers or current customers into loyal advocates
Answer:
b. $1750
Explanation:
Provided that
Sale of the company = $87,500
Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days
The amount of the sales discount would be
= Sale of the company × discount percentage
= $87,500 × 2%
= $1,750
We simply multiplied the sale of the company with the discount percentage so that the sales discount could come
