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zzz [600]
3 years ago
10

"Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm

performance is also influenced by the presence of bright, motivated managers and their keen sense of innovative products or processes"
Business
1 answer:
Mekhanik [1.2K]3 years ago
3 0

Answer:

Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages

Explanation:

Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.

Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.

Good management is very crucial to an organisation's successful performance.  It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.

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A key determinant of the price elasticity of supply is the a. extent to which buyers alter their quantities demanded in response
inessss [21]

Answer:

d. length of the time period.

Explanation:

The price elasticity of the supply measures the percentage change in the quantity supplied with the percentage change in price

In arithmetically,

The price elasticity of the supply = (percentage change in the quantity supplied ÷ percentage change in price)

It  indicates a direct relationship between the quantity supplied and the price.

Moreover, the key determinant of the price elasticity of supply is time period

6 0
4 years ago
You have just made your first $5,000 contribution to your individual retirement account. Assuming you earn an annual rate of ret
Zielflug [23.3K]

Answer:

the future value is $328,983.26

Explanation:

The computation of the amount that would be retired in 45 years is shown below:

As we know that

Future value = Present value × (1 + interest rate)^time period

= $5,000 × (1 + 9.75%)^45

= $328,983.26

Hence, the future value is $328,983.26

5 0
3 years ago
4. There is a direct link between good ethics, market share and profitability. Explain how businesses that demonstrate a
vivado [14]

Answer:

Yes

Explanation:

Managers' ethical behaviour benefits all of the organization's directors, which boosts a company's goodwill and, as a result, profits. Customers and clients are more likely to trust a company that demonstrates its commitment to a good

The principles that form an ethical workplace culture have an impact on the customer connections that a firm maintains. Customers should be treated with respect and dignity, and staff should be truthful and equitable with them, according to an established brand. long-term effect.

4 0
3 years ago
A European-based company that makes all of its goods at a plant in Brazil and then exports the Brazilian-made goods to country m
Leviafan [203]

Answer:

E

Explanation:

has no interest in whether the euro grows stronger or weaker versus the Brazilian real unless its chief competitors are other companies located in countries whose currency is also the euro.

3 0
3 years ago
Which of the following economic perspectives focuses on the need for government to use spending and taxes to shift aggregate dem
ad-work [718]

Answer:

B. Keynesian

Explanation:

Keynesian economics or theory believes that government can boost the economy and stimulate or increase demand, in times of economic downturn, by increasing spending and lowering taxes.

This increase in government activities will create jobs and reduce unemployment and lead to more spending and investment, by individuals and businesses, in the economy.

4 0
4 years ago
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