Answer:
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Answer:
Yes
Explanation:
Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.
Answer:
The correct answer is the option B: A risk response is part of the actual implementation plan and action is taken before the risk can materialize, while a contingency plan goes into effect only after the risk has transpired.
Explanation:
On the one hand, a <em>risk response</em> involves the process of controlling risks that are already known by the people who make the plan in the first place and therefore that this type of concept includes the idea of doing something before the worst happen and therefore to avoid the risks.
On the other hand, a <em>contingency plan</em> involves the process of planning for an unexpected situation that did not happen before and was not established in the original plan, therefore that this type of concept includes the idea of acting over the margin due to the exceptional situation that occurs.
If 51 percent of all goods in the Consumer Price Index (CPI) became more expensive and 49 percent became cheaper then inflation or deflation could occur.
Inflation refers to an increase in the overall price level where goods becoming expensive. By calculating changes in a measure called the Consumer Price Index (CPI), the official inflation rate is tracked. Thus, the CPI tracks changes in the cost of living over time.
The CPI is the most commonly referenced index in the U.S. The economy is experiencing deflation when the change in prices in one period is lower than the next. This reveals that the CPI index has declined.
Hence, depending upon the changes in the economy, inflation or deflation could occur.
To learn more about Consumer Price Index (CPI) here:
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