This relates to liability of business owners. When a company has unlimited liability and starts losing money, the owners can be personally liable for losses meaning their home and personal assets could be lost. Limited liability means they can only lose the amount that they invested in the company and none of their personal assets.
Answer:
On the off chance that we look at the absolute expense of stock in both the Kanban and standard parcel measuring technique, the complete expense of Kanban stock model will be not exactly ordinary part estimating. This is because of the way that the Kanban technique is a lean strategy and in this manner the abundance requesting of the stock is dodged and just the required quantitiy of the things is set. This decreases the stock administration and buy cost essentially making it less exorbitant than the normal parcel estimating.
For the answer to the question above,
we must use this formula,
(New - Old)/ (Ave. of New and Old)
In this case,
501k -500k/(500,500(which is the ave. of the two.
Then it would be 1k/500,500
Then the answer would be .0020
Then
-1.439.5/439.5 because this is the average of the two.
so the answer would be .0023
Then finally divide the rate on change of quantity by the rate of change in price which is
0.002/-0.0023
Then the answer would be -.87
So the elasticity on the demand of model T is .87 ( remove the negative because elasticity is always positive.)
Answer: a strategic channel alliance
Explanation: In simple words, strategic alliance refers to a business arrangement in which two organisations combine their resources for their mutual benefits.
Under such an arrangement two organisation agrees to combine their activities and efforts for a particular objective but still remain independent as two separate entities.
Such alliances are generally evident in situation where companies wants to exploit foreign markets. Hence from the above we can conclude that the arrangement between general mills and nestle is a strategic alliance.