Answer:
The correct answer is letter "A": number of firms in an industry.
Explanation:
A concentration ratio measures the number of competitors within the same industry. The lowest concentration ratio of a firm, it represents there are more market rivals. The highest the concentration ratio, the lower the number of competitors of the firm. The ratio is expressed in percentage terms. A firm having a 100% concentration ratio is a monopoly.
Answer:
Income
Explanation:
Suppose the market wage for cashiers increases from $7 per hour to $9 per hour. As a result, Pat, who is a cashier, now works five more hours per week. On the other hand Chris, who is also a cashier, now works five fewer hours per week.Chris's behavior illustrates the <u>Income</u> effect of a wage increase.
As the income increases, few individual prefer to work fewer hours as now they are able to maintain target by working fewer than at previous wage rate. These people prefer leisure over higher income and want to settle down with limited income. These people may have a backward bending individual labour supply curve – they may choose to work fewer hours when the wage rate rises.
Answer:
d. Strategy implementation.
Explanation:
Strategic implementation is the process of putting the strategy into action.
After strategic planning, which is the definition of the action plans necessary for a company to achieve the defined objectives and goals, it is the phase of strategic implementation, which is the process of executing the plans defined in the planning stage.
Therefore, when implementing the strategy in an organization, it is necessary that the action plans are constantly monitored, so that the managers can have knowledge of the performance of the designed strategy, to prevent failures, correct some essential factor for the effectiveness of the action plans, monitor the internal and external environment, monitor the performance of employees, etc., in order to seek continuous improvement of the company's strategic action processes to achieve the expected objectives.
In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.
Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.
Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.
Learn more about saving here
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