Answer:
The correct answer is the last option: Escalation of commitment.
Explanation:
To begin with, the concept known as "Escalation of commitment" in the field of business management and behavioral science refers to the behavioral pattern that an individual has when it faces against a bad decision or situation and after that the person continues to having the same behavior so therefore it stays believing the same even though the increasingly negative outcome keeps on coming. That is why that in this case presented, Jake believes that at the long term the new product will have success even thought that now only bad numbers have been shown to the company.
Answer:
The answer is A. Yes, Cindy should hire 12th worker.
Explanation:
Please see the below for detailed calculations and explanations:
By increasing one employees, Cindy's cupcakes shop marginal cost per day will increase by the amount equals to the salary and benefit of the 12th in one day which is: $100;
The benefits brought back to Cindy's shop is the increase in marginal revenue of $150 ( calculated as $2,750 - $2,600).
As marginal revenue is higher than marginal cost in case the 12th employees is hired, Cindy should hire one more employees as it will increase her total profit at the end of the day by $50 ( i.e Marginal revenue - Marginal cost = 150 - 100 =$50).
Answer:
Standard markup pricing
Explanation:
The reason is that under standard markup pricing the cost of the product is deemed 100% and markup is calculated by multiplying the percentage markup with the total unit cost which is 100%.
For your understanding of standard markup pricing:
Selling price = Cost + Profit
160% = 100% + 60%
By putting values:
Selling price 160% = $30 is 100% Cost + 60% of 100% cost is profit markup
Selling price 160% = $30 + $30 * 60% = $48
Answer:
a the purches of TWA by american airlines
