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Eva8 [605]
3 years ago
7

An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of

asking all of the advertising agencies in the city where this organization's headquarters is located to pitch the account. What type of decision does this represent?
Business
1 answer:
Akimi4 [234]3 years ago
4 0

Answer: Satisficing

Explanation:

 The satisficing is one of the type of decision making process in which the it helps in making various types of effective decisions in an organization for the purpose of increase the profit and productivity of the company.

 The main objective of satisficing approach is to form of the satisfactory or the ideal results as it helps in maintaining the growth of an organization.

According to the given question, the sacrificing is one of the type of decision that basically representing the given scenario an organization. Therefore, Satisficing is the correct answer.    

   

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lakkis [162]

According to the Phillips curve analysis, disinflation happens when the actual rate of inflation is initially lower than the expected rate, temporarily raising the unemployment rate. However, as nominal wages decline, the unemployment rate will fall to its natural level and the actual and expected rates of inflation will balance out.

Disinflation refers to occurrences where the inflation rate has temporarily slowed and is used to indicate situations where it has only slightly decreased. Disinflation refers to the rate of change in the rate of inflation, as opposed to inflation and deflation, which talk about the direction of prices.

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5 0
1 year ago
How should a christiandetermine whether to obey a specific command from his government?
miskamm [114]

If the government tries to force a Christian to violate a biblical command we must still obey the highest authority- which is God.

<h3>What is government?</h3>

A government is the system or collection of individuals in charge of an organized community, most commonly a state. In the broadest sense, government is made up of the legislative, the executive, and the judiciary.

The basic tasks of a government are to provide leadership, maintain order, provide public services, provide national security, provide economic security, and provide economic assistance.

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5 0
1 year ago
Dan sells newspapers. Dan says that a 8 percent increase in the price of a newspaper will decrease the quantity of newspapers de
ivann1987 [24]

Answer:

For Dan, the demand is price inelastic

Explanation:

One of the factors tat affect the quantity demand for a product is the price of the product. According to the law of demand, at lower price more quantity of a product would be purchased than at a higer price, all other this being being equal.

Price elasticity of Demand (PED)

The extent to which a change in price will cause a change in the quantity demand for a product is called the price elasticity of demand. It measures the degree of responsiveness of quantity demand to a change in price.

It is calculated as

PED =% change in quantity demand / % change in price.

For Dan Newspaper , the price elasticity of demand

             = 4%/8%

            = 0.5

If the PED is greater than 1, the demand is price elastic

If the PED is less than 1 , demand is price inelastic

For Dan, the demand is price inelastic

4 0
2 years ago
Economic ordering quantity with safety stock (LO5) Diagnostic Supplies has expected sales of 84,100 units per year, carrying cos
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Answer:c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?

Explanation:

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sertanlavr [38]

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