Answer: Using buffer stocks to ensure speedy supply.
Explanation:
Differentiation is a strategy that is used to differentiate a good or service from other products that are similar which are offered by competitors. It is the development of a good or service, that is unique and stands out for the customers, in terms of features, product design, quality, brand image, or customer service.
Modular design to differentiate a product, collating market research data and minimizing inventory are all product differentiation strategies.
Answer:
The answer is: 7% annual growth rate
Explanation:
The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.
The formula used by the Rule of 70 is:
number of years = <u> 70 </u>
to double an economy annual percentage growth rate
In this exercise we substitute the known variables and calculate:
10 years = 70 / (annual growth rate)
annual growth rate = 70 / 10 = 7%
Answer:
B. the percentage change in quantity demanded exactly offsets the percentage change in price
Explanation:
Unit elastic demand is an economic theory that assumes a change in price will cause an equal proportional change in quantity demanded.
Answer:
1. structural unemployment
Explanation:
Structural unemployment is a form of unemployment that occurs when there's a mismatch between labour's skills and the available jobs. It occurs as a result of technological change.
Anna is unemployed because she can't get a job in her field. Therefore she's structurally unemployed.
Frictional unemployment occurs between the time labour leaves his current employment and the time he finds another one.
Cyclical unemployment is when employment level changes with the business cycle. It rises during a downturn and falls during a upturn.
I hope my answer helps you
Answer:
The Firm should not Buy and Install the press as it delivers a negative NPV of -$24,924 at 11% discount rate over its 4 year operations
Explanation:
The General rule is to appraise the investment based on various appraisal techniques.
A technique that should be considered must have special focus on the time value of money, the required rate of returns expected by the firm and other Cashflow considerations.
The Net Present Value (NPV) approach will be the best method to proceed with.
The NPV approach typically falls under the following decision tree:
a. If NPV is negative (Reject the proposal)
b. If NPV is positive (Accept if it's a singular project, Accept the highest positive NPV if it's for mutually exclusive Projects)
c. If Zero (this is the breakeven line at which the Project covers all its cost but does not return a profit.) Also referred to as the IRR
Kindly refer to the attached for detailed workings
