Answer:
Traditional economy.
Explanation:
A traditional economy is one that relies on historical methods, customs, and beliefs to develop. It is generally more common in developing countries because it is an economy based on rural activities such as agriculture, fishing and hunting. Because it is an economy that develops around a tribe or a family, it is customary for production to be for consumption only, so there is no surplus and little money movement.
Although a "customer-centered" firm seeks to deliver high customer satisfaction relative to competitors, it does not attempt to maximize customer .
<h3>What is
customer satisfaction?</h3>
The customer satisfaction serves as the satisfaction that is been derived by the customer from the product as well as the services of the company and this can make the customer to loyal to the product.
Therefore, "customer-centered" firm seeks to deliver high customer satisfaction relative to competitors, it does not attempt to maximize customer .
Learn more about customer satisfaction on:
brainly.com/question/23086557
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Answer: (A) Cognitive and social
Explanation:
The cognitive and the social dimensions in an organization basically reflects the elements based on the cognitive structure and also the social knowledge.
It is also refers to the cognitive culture based on individual perceptions.
According to the given question, Benjamin is one of the Australian business and he recently assigned a project in japan by an organization. So, he is demonstrating the social and the cognitive dimensions in the form of global mindset.
Therefore, Option (A) is correct.
Answer:
$957.12
Explanation:
In this question we have used the formula of the present value which is shown in the attachment
The NPER is a time period and the PMT is the monthy payments
Provided that,
Future value = $1,000
Rate of interest = 5.62%
NPER = 9 years
PMT = $1,000 × 5% = $50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer is $957.12
Answer:
The correct answer is option c.
Explanation:
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.
The price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the lower price.
A competitive firm will produce at the point where the marginal cost is equal to price. When the price is lowered the firm will produce at a point with lower marginal cost.
It will thus produce lesser output than what it was producing earlier. So the quantity of output will be lower than previously.
