Answer:
This type of effort is known as <u>collaboration</u>
Explanation:
Collaboration among businesses involve them <u>working together to achieve common business goals which could be </u><u>manufacturing </u><u>or marketing goals.</u>
In such instances, the businesses could combine their resource and share expenses among themselves and this helps reduce costs and increase efficiency.
Answer: Option (a) is correct.
Explanation:
Advanced technology is a determinant of supply and consumer taste & preferences is a determinant of demand.
Therefore, improvement in technology in catching fish will lead to increase the supply of fish and this will shift the supply curve rightwards. On the other hand, eating fish prevents heart attacks, hence, consumer's demand for fish increases, as a result demand curve for fish also shifts rightwards.
This will lead to increase the equilibrium quantity but effect on equilibrium price is ambiguous because it will be depend upon the magnitude of the shifts of demand and supply curve.
Answer:
D. All of the above.
Explanation:
Since, Joe Tau, CEO of Tau Pharma places a major emphasis on his creative passion and spirit of innovation. He is interested in creating a culture where entrepreneurial drive is contagious and motivates employees to take up a new idea, use it, and do it as quickly as possible.
Hence, in order to stimulate creativity and motivate passionate engagements, Tau should establish a structural framework and motivators that include opportunities for achievement, recognition and reward.
This simply means, when Tau develops a structural framework comprising of setting up potential goals or milestone (achievement) for employees, ensure their achievements are recognized and as well as rewarding them for their achievements; the employees would certainly become motivated to pick up new ideas and use the ideas as quickly as possible. Thus, creating a positively contagious culture among them.
The answer would be a)<span> occurs when demand for goods and services exceeds existing supply. Reason being, when there is high demand for a product, the price goes up because there are fewer available, however, in return for the raised prices people will eventually stop buying and the product price will drop.
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Answer:
refine your approach by going back to the drawing board
Explanation:
Considering the scenario described above in the question, the best thing to do is "refine your approach by going back to the drawing board."
This will give you the chance and opportunity to look for a better plan, then find a perfect segmentation approach that really meets and satisfy all of the effective segmentation conditions.