<h3>Two ways in which can adapt to the challenges of the business environment</h3>
- Recognize the Size of the Change
- Be open to new and different ideas
Today's business concerns are more pressing than ever before. Businesses are competing on a much greater scale as a result of technical advancements and globalization. And, in light of the current economic and health crises, business owners confront an even greater challenge: prospering, not just surviving. Here are four strategies to explore in order to assist your company adjust amid difficult times.
<h3>1. Recognize the Size of the Change</h3>
- To most seasoned company and executive leaders, the word 'adapting' may sound cliché. Adaptability, on the other hand, in the context of business simply means being open to new ideas and methods. Accept that the world is changing at a quick speed, and that in order for businesses to thrive, they must adapt their strategy to meet the demands of the moment.
<h3>2. Be open to new and different ideas.</h3>
- In order to be competitive, a business owner needs understand a few things. The first step is to think about what other options you have. Consider your backup plans and procedures in case the market situation changes unexpectedly. A business owner must constantly be prepared for any kind of tweaks and changes that their company may experience, and have a contingency plan in place that can be implemented promptly.
Answer: Option B, D , E
Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.
So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.
.
B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.
D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.
E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.
Answer:
a) attached below.
b) for $x < $5000 will cause taking the drug to be part of the Nash equilibrium
c) will make the athletes feel better because the value their payoff will increase
Explanation:
<u>a) 2 * 2 payoff matrix describing the decision faced by the athletes </u>
attached below
when both players take the drug the payoff for each player = $5000 - x
when neither player takes the drug the payoff for each player = $5000
When only one player takes the drug his payoff = $10000 - x
<u>b) If we consider the value of $x to be involved in the Nash equilibrium then </u>
; $5000 - $x > 0 becomes the best response
hence for $x < $5000 will cause taking the drug to be part of the Nash equilibrium
c) Lowering the negative effect of the drug ( i.e. when the value of x is reduced )
will make the athletes feel better because the value their payoff will increase
Answer:
Explanation:
Production budget is a schedule of the number of units of goods that are to be produced using a forecast sales amount and the level of the opening and closing inventory
Bath Scale Gym Scale
Northern region 25,500 33,300
Southern region 27,500 28,900
Total 53,000 62,200
Opening inventory (1,200) ( 2,500 )
Closing inventory 900 2,700
Total units to be produced 52,700 62,400
Bath scale = 53000+900 -1200 = 52700
Gym scale = 62200+ 2700-2500 =62,400
<span>False.
Communication up and down the corporate hierarchy is often called vertical communication. Communication among employees at the same level in the hierarchy, or sideways, is called horizontal communication.</span>
