Answer and Explanation: The given case/scenario is true, since in this particular case the HR director tends to opt for recruiting methods under which the application will further reach a larger population. The recruiting method is done by contacting several professional association and thus outsourcing this task. This method is efficient and effective .
Answer:
1080
Explanation:
Compound interest involves the reinvesting of interest.
The formula for compound interest is given by:
Where P is the principal (i.e the beginning balance),
r is the rate,
n is the number of times it is compounded,
t is the number of years
A is the ending balance.
Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).
Substituting values into the formula and calculating gives:
Answer: Form utility
Explanation: Form utility refers to the enhancement in the value of a commodity done by altering the product in one way or another. Form utility means making a product more usable for the consumers by modifying its physical appearance. Changing the wood into furniture is one of many examples of form utility.
Hence, from the above we can conclude that the right answer to this question is form utility.
Answer: blue ocean strategy
Explanation:
Blue ocean strategy is when there's a pursuit of low cost as well as differentiation so that a new market space can be opened up and a new demand can be created.
The blue ocean strategy depicts the creation and the capture of the market space that are uncontested. It also focuses on decreasing cost through the elimination and the reduction in the prevailing industry factors.
Answer:
What is a Market System?
A market system is the network of buyers, sellers and other actors that come together to trade in a given product or service.
The participants in a market system include:
Direct market players such as producers, buyers, and consumers who drive economic activity in the market
Suppliers of supporting goods and services such as finance, equipment and business consulting
Entities that influence the business environment such as regulatory agencies, infrastructure providers and business
A market system can be specific to a product (coffee, mangoes, dairy) or a cross-cutting sector (finance, labor, business development services). A market system’s strength depends on how well the participants obtain financing, launch businesses and adopt new technologies and best practices.
