<span>If this key employee were to die and the policy is still in force and unchanged, the death proceeds will be directed with the Key Person Insurance. The company will purchase, owns, pays the premiums and is the beneficiary of the life insurance on the key person. This is because the key person is still employed in that company.</span>
The reason why it's safe is because it<span> lets businesses enter a foreign market without investing in production facilities. This creates a lower moderate risk.</span>
Answer:
Outsourcing is a cost reduction practice where Company A contracts Company B or another party to carry out services or produce goods that Company A used to produce for itself.
It is done when paying Company B to perform the services, is cheaper than performing it themselves which would enable Company A to cut down on costs.
For example, it costs Company A $5 per customer service call if they do it themselves but it would cost $3 per call if they let Company B handle it. Outsourcing is where they pay Company B that $3 to handle the calls and save $2.
Answer:
Explanation:
In using the midpoint method to calculate price elasticity , the average percentage change in the price and quantity are used
formula = percentage change in quantity = (Q2 -Q1/(Q2+Q1)/2)*100
Percentage change in price = ( P2 -P2/(P2-P1)/2)*100
Price changes = $1.5 to $1.3
Quantity changes = 60 to 100
Percentage in price = (1.3-1.5 /(1.5+1.3)/2 )*100
(-0.2/1.4)*100 =-14.29%
Percentage in quantity = (100-60/(100+60)/2)*100
40/80*100 = 50%
Therefore , price elasticity of demand = 50/-14.29 = -3.5
With the elastic interval being less than 1 , it means that it is an inelastic demand
Answer:
Allocate existing resources more efficiently among competing uses.
Explanation:
The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.
Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.