For the answer to the question above asking, w<span>hich is the most cost effective way for John to buy a house in the suburbs? I think the answer here is that he should </span><span>Break his lease once he has bought the perfect home.</span>
Answer: Trade off analysis
Explanation: In simple words, it refers to the decision making technique under which the decision maker gives up one thing for gaining the other.
In the given case, Global corp. were asking their consumers to prioritize the attributes they were expecting from the new product. The higher demanded attribute would have been added and the lower one will be neglected.
Hence from the above we can conclude that the correct answer is trade off.
Answer: Concentrated strategy
Explanation: In simple words, concentrated strategy refers to the strategy in which the organisation places its limited resources to a particular area and works to place their dominance in that area.
In the given case, The organisation is selecting a single primary market as their target.
Thus, we can conclude that they are using concentrated strategy.
The difference in income between Cameron and Mateo is <u>$500,000</u>.
<u>Explanation</u>:
Cameron decided to start his career directly out of the high school with no further training. He was able to make an average of $30,000 in his career.
Mateo was a best friend of Cameron. He started his career after completing his college degree. He was able to make an average $55,000 for a year.
Both of them had huge difference in their salary. After 20 years, the difference between the income of Cameron and Mateo will be $500,000.
Difference in income after 20 years= (55000-30000)*20
= (25000)*20
= 500,000
Therefore, the difference in income between Cameron and Mateo is <u>$500,000</u>.
