Answer: Job analysis
Explanation: Job analysis refers to the analysis performed for the placements of the job in an organisation. In simple words, it is focused on knowing the human requirements needed to perform a task.
In the given case, Sharon is trying to understand the know how of the job she is going to perform from Michele. She is trying to learn the functions she has to perform on her duties.
Hence we can conclude that Sharon is performing job analysis.
Answer:
Increase
Explanation:
A closed economy is a country with no export or imports or any form of international trade and thus is completely self sufficient. When a country with closed economy decides to engage in international trade and becomes a net exporter, that is, it sells more to foreign countries than they import, the general price level of the good traded increases.
Answer:
"A purely competitive firm is a "price taker," while a monopolist is a "price maker".
Explanation:
<u>Price takers</u> are those organizations that do not have the ability to impact the market to generate fluctuations. This is the case of a <em>purely competitive firm </em>that markets its products at a price that helps maximize profit.
<u>Price makers</u> are those that make the market go, that is, they have significant lots larger than the queue at each price level. This is the case of <em>monopolistic firms</em>, capable of influencing the price of the product.
Answer and Explanation:
There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:
1. Competitive pricing :
In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.
Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.
2. Penetrative pricing :
When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.
If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.
The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.
Answer:
D. the objective is to validate relationships and test hypotheses
Explanation:
In order to test hypothesis, a branch of statistics called "inferential statistics" is needed, and statistics, as it is well known, is a branch of mathematics (of applied mathematics).
Therefore, if you want to test an hypothesis and validate a relationship, you need to run a statistical study, and that study has to be fed with quantitative data.
