Answer:
By definition, the price elasticity of demand equals the percentage changes in the quantity demanded divided by the percentage changes in the price. There is an opposite relationship between the demand elasticity and the slope of the demand curve.
Answer:
b. revenues minus accounting and opportunity costs.
Explanation:
A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit
The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.
VisionSpring can be classified as a hybrid model of social entrepreneurship since it is devoted to the problem of poor eyesight in the developing world which is a social issue.
It should be noted that social entrepreneurship mixes economic logic with social logic.
Hybrid organizations are the enterprises that design the business models in order to alleviate a particular environmental or social issue. Since VisionSpring is devoted to the problem of poor eyesight in the developing world, it's a hybrid organization.
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Answer:
True
Explanation:
Critics of globalization claim that, as globalization increases, countries' sovereignty (the freedom of national officials to act locally and without externally imposed restrictions) is diminished because as some of them say 'it is an economic tsunami', in the sense that - people of other countries 'invade' a country in the name of globalization and the locals of that country are expected to curtail their local customs and individual behavior to accommodate the foreigners. Also foreigners take some of the jobs that are available in the country to the 'detriment' of the locals
Secondly, 'the resulting growth consistently benefits the environment', because the gains of migration are not shared commonly among the locals, rather they could be invested in environmental projects to boost Tourism and attract more foreigners.
Thirdly, the statement that 'Some people lose both relatively and absolutely, and greater insecurity increases a personal stress.'is true because in cities like London and most other European capitals we have seen an increase in crime alongside the rise in immigration and globalization
In system theory, the concept of opennes is illustrated when<u> McDonalds actively takes in resources from the environment and returns products to it (D).</u>
System theory appracch is the view of an organization as an open social system which has to have interaction with its environment in order to survive. System theory approach realizes that environment provides many essential resources, such as customers, suppliers, employees, shareholders, and also government.
Katz and Kahn suggested the Open-system approach and stated that organizational behaviours could be identified by maping the repeated cycle of input, throughput, output and feedback between an organization and its external environment. The environment provides input either in the form information or resources. The system then process the input and produce output which then release back into the environment. The system will seek feedback from the environment relatede to the output.
In McDonalds case, the implementation of opennes in system theory is illustrated when McDonalds actively takes in resources from the environment and returns products to it.
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