The answer would be true. The reason for that is because excel automatically saves what you added on the sheet.
The space between the buyer’s reservation price and the seller’s reservation price is called the Total surplus.
What is reservation price for buyer?
A reserve price or reservation price is a word frequently used in auctions and refers to the lowest amount a seller will accept as a successful bid. An alternate, less well-known definition is the highest price a customer will pay for a good or service.
What is producers reservation price?
The minimal price that buyers and sellers are ready to accept in order to buy or sell a good is known as the reservation price. It is the highest price a potential buyer or consumer is willing to pay for a good; for a seller or producer, it is the lowest price they are willing to accept.
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Specialization in production will increase output.
As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.
Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.
The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.
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Answer:
Portfolio management depends on strategic planning
Explanation:
While strategic planning in the analysis of both internal and external factors that will guide towards implementing an effective business strategies using models like SWOT and ,PESTLE analysis and Porters five forces, portfolio management is the management of a particular investment.
Before one can improve on a plan , there must be an existing plan. This means that there must be a functioning operation before one can begin to talk of improving on a particular portfolio