The question that corporate strategy helps managers understand is where should firm compete?
<h3>What is corporate strategy?</h3>
It should be noted that corporate strategy simply means a unique plan that helps a firm gain competitive advantage over others.
In this case, the question that corporate strategy helps managers understand is where should firm compete? This is important for the growth of the firm.
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Answer: I am right, the increased demand represents a rightward shift of the aggregate demand curve.
Explanation:
The increase in aggregate demand by foreigners occurred as a result of a fall in the value of the US dollars and aggreagrate price level stayed the same. Therefore, the change in aggregate demand didn't occur as a result of a change in price.
If agregrate demand changed as a result of a change in the aggregate price levels, there would be a change in quantity demanded and a movement along the demand curve.
It's only a change in price that result results in a movement along the aggregate demand curve.
Other factors that leads to a change in demand either shifts the aggregate demand curve to the left or to the right.
Therefore, an increase in aggregate demand as a result of the fall in value of US dollars causes the aggregate demand curve to shift to the right.
The shift in the aggregate demand curve to the right shows that demand has increased but aggregate price hasn't changed.
Answer:
Critical thinking is the ability to think clearly and rationally about what to do or what to believe. It includes the ability to engage in reflective and independent thinking. Someone with critical thinking skills is able to do the following : understand the logical connections between ideas.
Answer:
The Breakeven point is 13,000 units.
Explanation:
The breakeven point can be found from the following equation:
Breakeven units = Fixed Costs / Contribution Per unit
Here, contribution per unit is $5 per unit which is the difference between the selling price and variable costs per unit.
The fixed cost here is $65000.
By putting the values in the above equation, we have:
Breakeven units = $65,000 / $5 per unit = 13,000 units