<span>It is vitally important that all organisations keep a step ahead of their competitors and that they can understand their market and where they fit in it. Complacency is the killer of all businesses. The fact that you have succeeded once does not give you the magic elixir for eternal success. It is a constant struggle of creating new innovations and foresight.
Market research gives you a map of where you have been and where you might want to head. It shows the bumps along the way and the trends that may be cyclical that you must consider. It shows where you are in relation to your competitors and areas that will need improving to maintain competitiveness.</span>
Answer: See explanation column for answer
Explanation:
Caroline
left Right
Anthonio left 6,6 6,3
Right 4,3 5,5
The first digits in both left and right is Anthonio's best response payoff given what Caroline chooses. Also, the second digit on both left and right is Caroline's best response payoff based on what Anthonio chooses.
When Antonio chooses left, Caroline should choose left so as to get a payoff of 6, also when Antonio chooses right, Caroline chooses right to get a payoff of 5. therefore, there is no dominant strategy for Caroline.
The dominant strategy for Antonio occurs
When Caroline chooses left, Antonio will have to choose left to get a payoff of 6, also when Caroline chooses right, Antonio should choose left to get a payoff of 6. So, the dominant strategy for Antonio is to choose left.
The only dominant strategy in this game is for Antonio, to choose left.
b). For Nash Equilibrum, Antonio will have to choose his dominant strategy, that is to choose left, which will make Caroline is to choose left so as to get a payoff of 6. So, the Nash equilibrium is for Antonio to choose <u>left </u>and caroline chooses<u> left</u> too
Answer:
B> Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
Explanation:
Simple interests is the interest earned on the principal amount only. The amount of interest does not change throughout the life of the investment or loan.
In compound interests, the interest earned in a particular season is added to the principal amount. Adding together interest and the principal amount is referred to as compounding. The effect is that the principal amount increases every year. An increase in principal amount results in higher interest every subsequent year.
Answer:
1a
Dr Petty cash $ 280
Cr Cash $ 280
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
Explanation:
Journal entry
1a
Dr Petty cash $ 280
Cr Cash $ 280
( To record petty cash fund created)
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
(50+24+8)
(To Record Petty cash replenished)
