Answer:
B) both curves would shift to the right.
Explanation:
The long-run aggregate supply (LRAS) curve will shift to the right because the production costs will decrease, increasing total production output and lowering prices.
The production possibilities frontier (PPF) will also shift to the right because more production output increases total supply, and that increases the production possibilities of the country.
The main reason for the success of the Beats Electronics is: <u>B. it created a perception that owning its products was cool.</u>
<u>Explanation</u>:
Beats Electronics was able to outperform in the premium headphone market. They were able to out-stand from their competitive companies like JBL, Bose, Audio-Technica, Skullcandy and Sennheiser.
Beats Electronics made their customers to believe that owning their product is cool. They created a perception to the customers which made them to lead in the market.
Perception refers to the way the information is conveyed to others. Beat Electronics followed this strategy and made their customers to feel that owning their product is cool.
Answer:
(d) Board of directors
Explanation:
The board of directors is at the summit of a company's organizational structure. It is the most senior decision-making organ of a company. It is composed of a group of individuals elected to represent the shareholders. The board of director's main role is to give policy direction and oversight the top management.
The board of directors is a purely managerial body. It meets at intervals to discuss company affairs. The board of directors recruits the chief executive officer of the company.
Answer:
Surnum's exchange rate is pegged.
Explanation:
Exchange rate is the rate at which a countrie's currency is exchanged for another. Usually when there is more demand for a countrie's currency it will have more value than other currencies and vice versa.
There are two ways a countrie's currency rate can be controlled in relation to others.
First is by market forces of demand and supply.
Secondly is by pegging the countrie's currency against another and using reserves of the other currency to account for market fluctuations.
In this instance Surnum has pegged it's currency against the dollar, so it will use its dollar reserves to account for fluctuations in order to maintain the pegged exchange rate.
