These steps regarding the data are part of the process that is known as using structured thinking.
<h3>How to depict the information?</h3>
From the information given, the data analytics team works to recognize the current problem. Then, they organize available information to reveal gaps and opportunities.
In this case, the steps regarding the data are part of the process that is known as using structured thinking.
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Answer:
b. minimum price that can be legally charged for a product or service
Explanation:
A price floor represents a minimum price that can be legally charged for a product or service. A price floor is the lowest legal price that can be paid in markets for goods and services, labor, or financial capital. There are many goods which have price floors imposed by the government; for example agriculture good. In an organizations, unions may also impose price floors which could be the minimum rates for the staff etc.
Answer:
In this situation:
c. Discount must compensate Contractors for its lost profit.
Explanation:
- The option A is not correct in our situation as there is not agreement of local zoning authority with either the contractors or Discount Retail, Inc. so they are not breaching any contract.
- The option b is not correct as contract is not discharged that mean the contract is not ended.
- The option c is correct as now Discount Retail Inc. must compensate the contractor for its profit loss as they will not be building the store and they will have experienced a loss.
- Contractors are in breach of contract as the zoning authority has changed the law not to build the store at that location but not the contractors.
Answer: Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want
Explanation:
Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want. My company in this case study is an industrial company(that sells pumps, Industrial consumables), and most times we don't actually have a place where we go to sample our products except for exhibitions. What we do most times to sell our products is to reach out to our clients through social media, television and radio ads, going to them for presentations. It is oligopoly kind of business, meaning they are competitions and we have a few firms that dominate the market, so we have to brand ourselves very well in performance and competency to beat the competition.