When a new variety of Envirokids whole-grain breakfast cereals is first introduced, consumers will most likely engage in "limited decision making" when deciding whether or not to purchase this new product.
<h3>What is limited decision making?</h3>
When buying things that need a reasonable amount of time and effort to compare models and brands before making a decision, consumers use limited decision-making.
Some features of limited decision making are-
- When you require knowledge on an unexpected brand inside a well-known product area, perhaps. takes some time to obtain the necessary information.
- Examples include clothing, when the brand is unknown but the product class is known.
The three categories of decisions-making are-
- Organisational direction is determined by strategic decisions.
- Decisions made at the tactical level affect how tasks will be completed.
- Last but not least, operational decisions are those that staff members take on a daily basis to manage the company.
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Absolute advantage is beyond the firm's capabilities to produce domestically, but could be achieved by trading with another country.
<h3>What is Absolute advantage?</h3>
Adam Smith, an economist from the 18th century, introduced the idea of absolute advantage in his book The Wealth of Nations to explain how nations might profit from trade by specializing in producing and exporting the things that they can manufacture more successfully than other nations.
International trade is the trade where countries import and export the goods to the other countries so that all the countries have some resources.
Thus, it is absolute advantage.
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The correct answer is true.
It is completely true that most codes of ethics created by professional organizations have two main parts. One part outlines what the professional organization aspires to become, and the other part lists rules and principles by which members of the organization are expected to abide.
The code of ethics is an obligated set of ethic statements that serves one purpose in the Organization: that every member of the company follows the code directions and applies moral values in every decision-making process to have an honest company that maintains its reputation in the business and that public opinion can never question its procedures and decisions.
Answer: a. it is for a public purpose.
Explanation:
According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.
If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.
