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alex41 [277]
3 years ago
13

You interview with an athletic footwear manufacturer that has annual advertising expenditures of $32 million and total sales rev

enue of $100 million, and the firm selects the profit maximizing level of advertising expenditures. If the advertising elasticity of demand is 0.4, then you know that "Rule of Thumb for Advertising" implies that the demand for the firm's products is
Business
1 answer:
son4ous [18]3 years ago
8 0

Answer:

elastic.

Explanation:

The advertising elasticity of demand measures how sensitive a market and sales are to marketing expenses. Advertising elasticity is calculated by dividing the change in quantity demanded by the percentage change in advertising expenses. Generally products with low advertising elasticity tend to have elastic demands.

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You work as an assistant coach on the university basketball team and earn $15 per hour. One day, you decide to skip the hour-lon
Tamiku [17]
The total cost of skipping practice to go to the fair is $9 the opportunity cost is $15 therefore you are loosing $24 because you miss your chance of earning the $15 and you lost $9 from the mony you already had so when you add the together you get $24 hope this helps
3 0
4 years ago
Read 2 more answers
As a group, create a team charter for governing your future CLC activities. The charter should include plans for team building,
Over [174]

Answer:

First of all to create an effective team charter as road way for your group or team, for governing CLC activities the following needs to be considered

<em>• Who are the people involved </em>

<em>• Who is a team leader and who resolves problems </em>

<em>• How long does it take to create a charter </em>

<em>• How long does the charter last </em>

<em>• Creating a Team purpose and mission to others in the organization</em>  

Explanation:

<em>Now the first Method of having a good charter team usually involves the background </em>

<em />

<em>When Creating a charter, you start from the initial stage or point. Questions would be asked on what areas of focus is this charting heading towards. Like what types of project, it would get involved in on the long /short term. </em>

<em />

<em>Questions can be asked as the following bellow, </em>

<em>• Who is a team leader </em>

<em>• What are the roles of each stakeholder in the team </em>

<em>The second Method or role after having a startup background is now to focus on the deeper aspects of the charter like </em>

<em />

<em>• How is success evaluated or measured </em>

<em>• Having a lay down principles to guide the team or group in the right track </em>

<em>• Define roles each team member would play in terms of the success of the company. </em>

<em>• Have a mission and vision statement on how the company would grow on the long term </em>

<em> </em>

<em>The third Method after the Mission and vision statement is created for a successful team charter, it’s the roles and responsibility of team members. For this stage roles and responsibilities would be assigned to each group in the charter by defining the following terms </em>

<em />

<em>• Assign who is doing this for whom and the purpose </em>

<em>• Having asses on all areas needed for the group to succeed  </em>

<em>• Ensure all Team members voice are known, expressed to their best of abilities. </em>

<em>• Create what is called RACI (Roles, Accountable, consulted, Informed) roles and responsibilities matrix </em>

<em>The Fourth Method of a successful team charter is Budget and Resources  </em>

<em>Once roles and responsibility have been established, the team/Group can access the budget and resources to carry out the tasked at hand. </em>

<em> </em>

<em>The Fifth Method of a successful team after budget and resources are, </em>

<em>The internal checks, balance and reviews. </em>

<em>The Team Members of the charter should decide, also, whether team goals assigned to members will be shown in the team members’ annual reviews. A good example of a reliable  system is the SMART goal method The goals should be: </em>

<em>• Specific </em>

<em>• Measurable </em>

<em>• Achievable </em>

<em>• Realistic </em>

<em>• Time-based </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

<em> </em>

5 0
3 years ago
Why do basketball players switch teams?<br> Why do they have to sign a paper when they do that?
Anika [276]

It varies from player to player, some do it for better pay and some do it because they don't like the team their with. They have to sign papers because there transferring their services to another franchise, and are agreeing to new terms of contracts. Things that are disclosed in the contracts are things such as payment and how many years they will be bonded by the contract.

6 0
3 years ago
Sophia spends most of her time as head of the engineering department on keeping the engineers “on task.” She distributes daily r
Ierofanga [76]

Answer: Sophia demonstrates <u><em>high structure, low consideration</em></u> kind of leadership style based on the research from Ohio State University.

Under <u><em>high structure, low consideration; </em></u><em>the individual renders particular operating instructions and closely oversee the performance of other employees.</em>

<u><em>Therefore, the correct option is (c) ​High structure, low consideration</em></u><em> </em>

4 0
4 years ago
A strategy of related diversification requires most firms to organize around geographical areas or product lines. This type of o
DerKrebs [107]

Answer:

A.  divisional structure.

Explanation:

Divisional structure -

It is the pattern of planning and designing the organization into small divisions , is referred to as divisional structure.

The division can be on the basis of the geographical areas .

Huge organisation or companies adapts this method , top have better control on the company .

Hence , from the given information of the question ,

The correct option is divisional structure .

7 0
3 years ago
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