Answer:
the International Trade Organization.
Explanation:
The Bretton Woods system was a post-World War II reconstruction plan which took place in New Hampshire to found three key institutions to promote capitalism, policy coordination and free trade respectively: the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), which later became the World Bank, and the International Trade Organization, which later became the World Trade Organization.
Answer:
contemporary
Explanation:
Since in the question it is mentioned that the vernon has set up the system having an input, output, etc also the management style should be changed as per the individual & environmental situation so here he applied the contemporary perspective for minimizing the errors so that the wastage could be reduced and helps in attaining the objectives in an efficient manner
Answer:
The price elasticity of supply is about <u>0.87</u>.
Explanation:
The price elasticity of supply is the degree of responsiveness of quantity supplied to the change in price.
The midpoint method of calculating the price elasticity of supply uses the average percentage change in both quantity and price, and this is given as follows:
Price elasticity of supply = Percentage change in supplied / Percentage change in price
We therefore apply this as follows:
Percentage change in quantity supplied = {(New supply - Old supply) / [(New supply + Old supply) / 2]} * 100 = {(170 - 150) / [(170 + 150) / 2]} * 100 = 12.50%
Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100 = {(1.50 - 1.3) / [(1.50 + 1.30) / 2]} * 100 = 14.29%
Therefore, we have:
Price elasticity of supply = Percentage change in supplied / Percentage change in price = 12.50% / 14.29% = 0.87
Therefore, the price elasticity of supply is about <u>0.87</u>.
Note that since the price elasticity of demand of about 0.87 is less than 1, it implies that the relationship between the quantity demanded and the price is inelastic.
Answer:
Conscious capitalism is a business mindset that has the goal of reconciling the profit motive of capitalism with social responsability. According to conscious capitalism, businesses should seek profits while at the same time benefiting society and the enviroment.
Fair trade is a form of trade that promotes the benefit of developing countries. Promoters of fair trade believe that exporters from developing countries should be paid more for their products, especially small exporters or business owners.
Fair trade is coherent with the principles of conscious capitalism because it promotes a profit-generating form of trade that can benefit both traders in the developed world and developing world.
There are many challenges to implementation of fair trade in developing countries. For starters, many developing countries are dictatorships or are very unsafe, and people are oppressed and have very little access to information and lack protection of their property rights.
In more functional developing countries, implementing fair trade has the typical difficulties of any less advanced nation: lack of information, lack of human and physical capital, among others.
To entrepreneurs, independence and desire, not money, are what drive them.
<h3>What are the 14 characteristics of entrepreneur?</h3>
Main Facts of Successful Entrepreneurs They have a unique vision. They aim to have an impact in the future as they see far beyond what is happening right now. They are dedicated, have a strong sense of purpose, network, have a team of supporters, invest in themselves, and have faith in their capacity to succeed.
<h3>What are the 10 personal qualities of an entrepreneur?</h3>
The first quality on our list is one that is frequently taken for granted: flawless communication, a will to succeed, calculated risk-taking, ongoing learning, excellent leadership abilities, drive and aspiration, and open-mindedness.
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