Answer:
The Solow model basically states that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.
Explanation:
The Solow growth model is an exogenous model of growth that tries to examine the changes in the level of output in an economy as a result of some changes in the economy. The changing conditions are; population, rate of savings and technological advancement. The Solow model named after Robert Solow who was a Nobel-prize economist winner, formed the foundation for modern theories of economic growth. Solow's growth models has a variety of assumptions as shown;
1. Rate of population growth is constant
2. The proportion of savings in the economy is constant.
3. The same technology is utilized by all companies in the economy for production.
4. The capital accumulation equation forms a relationship between; Present capital stock, future capital stock, the rate of capital depreciation, and level of capital investment.
Solow's model implied that as more rural and backward economies start to develop, they will use more intensively their cheap labor and savings for investment more than already developed nations, and convergence between rich and poor nations will eventually occur.
An ad in a professional journal targeted to an audience of dentists asked dentists to recommend Crest toothpaste to their patients. It offered toothpaste samples that dentists could buy at cost to give to their patients to encourage patients to take better care of their teeth. The manufacturer of Crest toothpaste was using push strategy.
<h3>What is meant by push strategy?</h3>
A Push Marketing Strategy also called push promotional strategy, where businesses attempt to take their products to the customers. In a Push marketing strategy, the goal is to use various marketing techniques or channels to 'Push' their products in order to be seen by the consumers starting at the point of purchase.
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Answer:
1.
by asking new employees to unlearn the theories they have so that they can learn on the job, these experienced employees are getting the new ones ready to start applying concepts. this shows <u>social</u> <u>support</u><u> </u>from the old employees to the new ones
2.
these complaints by Brooke's employees shows <u>employee readiness</u><u> </u>because the complaints are basically about not being able to find their way around around the training since they say it is too difficult.
3.
this is <u>situationa</u><u>l</u><u> </u><u>constra</u><u>ints</u><u> </u><u>as</u><u> </u><u>t</u><u>he</u><u> </u>question implies a constraint in funds available to train all employees on the new software. and it is causing an issue In getting all employees trained.
4.
this is <u>situa</u><u>tional</u><u> </u><u>constra</u><u>int</u><u> </u><u>and</u><u> </u>time is the constraint. elizabeth though ready does not have the time for the training.
5. this is <u>socia</u><u>l</u><u> </u><u>supp</u><u>ort</u>. ed's manager has caused him to reevaluate on this training because in his opinion it would be like a waste of time and effort.
Answer:
Under the gross method
= $15,000
Under the net method
= $14,850
Explanation:
Data provided in the question:
Amount of inventory purchased = $15,000
terms of 1/10, net 30
Now,
Under the gross method,
The inventory is recorded at the price mentioned on invoice and only discounts taken are recognized
therefore,
Amount carried by inventory = Amount of inventory purchased
= $15,000
and,
Under the net method all the discounts will be taken
therefore,
Amount carried by inventory
= Amount of inventory purchased - Discount
= $15,000 - 1% of $15,000
= $15,000 - $150
= $14,850
