Market failure occurs when a free market is unable to A) distribute resources efficiently.
Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.
The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.
A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.
The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.
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The reason why the manager wants the person with 6 months of experience is the fact that a person with 30 years of experience is overqualified for an entry level position.
<h3>What is an entry level position?</h3>
An entry level position is a job that is designated for the people that have just left school.
The kind of people that are fitted for such positions are those that have just graduated from the university.
The person with 30 years of experience does not fit into this category.
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Answer:
The standardized metric of output used to gauge the size and market potential of an economy is the Gross Domestic Product.
Explanation:
The Gross Domestic Product is the value of goods and services that are
produced in a country in a certain time and it is consider an important indicator to analyze the state of a country's economy. The value of the goods and services produced is considered the size of the economy.
Also, as the GDP is an indicator of how the economy is doing, businesses tend to use it to predict if the sector will grow or not.
Answer:
Work out a plan with its financial intermediaries.
Explanation:
As mentioned in the question that Nguyen's Sporting Goods is having difficulty obtaining the credit, it needs to expand. The company should <u>work out a plan with its financial intermediaries</u>, in order to alleviate its financial situation. Because as we all know that a financial intermediary is a financial institution as well. So the company has to create a plan with there financial institution.
