A person can identify things that have given you trouble at work or in your personal life and look for ways to improve them by Innovation, knowledge and skills.
<h3>What is knowledge?</h3>
The idea of knowledge is one that connote the familiarity with some kind of information and theoretical views.
Knowledge is one that can be transferred from one person to another. By having the knowledge and skills, one can be able to handle issues that pertains to us in the right way and improve our lives.
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Answer:
Elastic demand.
Explanation:
The term elastic demand describes a situation where a small change in price causes a considerable change in demand. In other words, the change in demand is not proportionate to the change in price.
As per the law of demand, an increase in price decreases the quantity demanded. The term elastic in this context means stretching or moving. A good has elastic demand if its demand is highly responsive to changes in price.
In the case of the Blu-ray player, the price changed from $300 to $50. A drop of $250. As a percentage, the price dropped by (250/300 x 100) = 83.3%. The demand increased from 100 to 1000. An increase of 900 units. The percentage increase =(900/100 x 100)=900%.
The demand for Blu-ray is elastic. A price decline of 83% causes the demand to rise by 900%.
Answer:
The correct answer is B
Explanation:
Financial frictions is the stickiness involve in making the transactions, aggregate process comprise of money, time, tax effects and time for gathering the information and make a transaction like borrowing money or purchase a stock.
So, if the policy rate is zero and stimulate the economy at the provided inflation rates, policymakers should lower or decrease the financial friction.
Answer:
The one with the larger sample size
Explanation:
Larger sample sizes provide more accurate mean values, identify outliers that could skew the data in a smaller sample and provide a smaller margin of error.
Answer: Benchmarking
Explanation: In simple words, benchmarking refers to the process under which an organisation compares it performance and processes to the other firms in the industry. Usually the firms selected for comparison are industries best.
The benchmarking is done so the company can operate its business more effectively and efficiently by correcting the mistakes. It works as a guide for other firms by studying the framework of industry leaders.
Hence from the above we can conclude that the correct option is D.
