It should be noted that Consultative leader is never able to completely turn loose of the decision making authority of the management position.
<h3>What is Consultative leadership?</h3>
Consultative leadership can be regarded as a leadership style which focus on team building as well as making skills of others in making decisions.
Therefore, with Consultative leadership, decision can be made.
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Suppose you find $20. if you choose to use the $20 to go to the football game, your opportunity cost of going to the game is <u>$20</u>.
The opportunity cost is time spent analyzing and that money to spend on something else. A farmer chooses to plant wheat; the opportunity fee is planting a specific crop or alternate use of the assets (land and farm machine).
Opportunity value is a financial term that refers back to the cost of what you need to give up so that it will choose something else. In a nutshell, it is a price of the road not taken.
Whilst economists talk to the “opportunity cost” of a useful resource, they imply the fee of the following-maximum-valued opportunity use of that aid. If, for an instance, you spend time and money going to a film, you cannot spend that point at domestic analyzing an ebook, and also you cannot spend the cash on something else.
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This process of attempting to influence today's children to purchase SI when they become adults is an example of : Consumer perception.
<h3>What is consumer perception?</h3>
Consumer perception is a marketing concept aimed at creating customer's impression, awareness and consciousness about a company product offerings.
Customer perception is typically affected by the following:
- Advertising
- Reviews
- Public relations
- Social media
- Personal experiences
Therefore, the process where Sports Illustrated its publication and attempt to influence today's children to purchase SI when they become adults is an example of consumer perception.
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Answer:
13.33 years
Explanation:
The time it takes for an investment to repay its initial investment if the payback period. For an investment project with regular cash flows, the formula for calculating the payback period is ;
Payback period =Initial investment/cash flows
In this case: Initial investment is $2,000,000.00
cash flow= extras sales per year plus saving on utilities
= $125,000 + $25,000= $ 150,000
payback period = $ 2,000,000/ $ 150,000
=13.33 years
Hello !
Answer:
The union and management agreement that allows non-union people to be hired but requires that they join the union after a probationary period creates the <u>union</u> shop.
