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3 years ago

Within a PPF framework, explain each of the following:_______.

Business

1 answer:

ra1l [238]3 years ago

3 0

<u>Explanation:</u>

a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.

b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.

c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.

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Which statment best summerizes the role of supply and demand in setting prices for goods

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Answer:

if there is more and more of something, it has less demand

Explanation: hope this helps!

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3 years ago

In economic terms, the long-run monetary benefits of doing business in a country are based on the size of the market, the presen

Nana76 [90]

Gross domestic product is one of the factor that aid the long run monetary benefit in business.

<h3>What is Gross domestic product?</h3>

Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.

It is the overall measure of overall domestic production, it help the to know if the country is okay or not.

It help to estimate the size of the economy.

To calculate, GDP

GDP = Consumption + investment+ government spending + net worth.

Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.

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2 years ago

Managerial decisions include all of the following except a.selling price. b.purchase of capital equipment. c.product costs. d.se

mylen [45]

Answer:

D) setting of capital stock prices.

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Neither management nor the board of directors sets the price of the corporation's stock, the market does. You cannot impose a price to the market, even if you try to sell stock valued at par, the market may decide to purchase them at that amount, or not purchase any stock until the price decreases, or maybe the market loves your stocks and purchases the at an even higher price.

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3 years ago

porter’s competitive strategies outline four different generic corporate strategies. this activity is important because knowledg

PilotLPTM [1.2K]

Porter’s competitive strategies that are appropriate responses respectively

1) Differentiation 2) Focused-differentiation

3) Cost-leadership 4) Cost

<h3>What is porter’s competitive strategies ?</h3>

Using the constraints of its preferred market scope, a company attempts to gain a competitive edge according to Porter's generic tactics. There are three types of generic strategies: focused , differentiating, or lower cost.

One of two strategies for gaining a competitive edge is available to businesses: either decreasing costs in comparison to its rivals or differentiating along consumer dimensions in order to charge a higher price.

Additionally, a business chooses between two possibilities for its scope: focused (supplying its products to certain market segments) or industry-wide.

The decisions made in light of the kind and extent of competitive advantage are represented by the generic strategy. The concept was first presented by Michael Porter in 1980.

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