Answer:
The Micro Islands have a comparative advantage in producing botanical soaps.
Explanation:
Comparative advantage can be defined as the ability of an economy to produce a good at lower opportunity cost than other economies. This enables the economy sell the product at lower prices, therefore having higher margin of profit than other economies.
The opportunity cost of Micro Island in producing 300 botanical soaps is the cost of producing 30 bamboo towels. The opportunity cost is quite low.
While for Macro Island the opportunity cost of producing 500 botanical soaps is 250 bamboo towels. The opportunity cost is higher than for Micro Island.
Answer:
B. Broad differentiation strategy
Explanation:
Broad differentiation strategy -
It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .
The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .
The method is very helpful for a larger company than for smaller one .
The method is helpful to increase the production of the company , and thereby the profit of the company increases .
Hence , from the given scenario of the question ,
The correct answer is B. Broad differentiation strategy .
<span>The correct answer is C. Retail and communications
firms are on the decline.</span>
With technology becoming easily accessible to all
people in all walks of life, consumers are finding it easier to do everything
with their mobiles and computers. Communicating is as easy as sending a chat
message and buying items online is definitely more appealing that spending time
in a physical shop.
Answer:
b. Noise
Explanation:
Although there are other factors that may act as barriers to effective communication. However the most likely factor here is noise.
It is most likely that when Mary was stating that a dozen cookies cost $2.99, the newspaper staff was affected by noise coming from people or the printing press machines and thought he had heard $29.90.
Answer: 60.98%
Explanation:
Probability that it is a brand 1 DVD player that needs repair work = Probability of brand 1 DVD needing repairs / Probability that a DVD player will need fixing while under warranty
Probability of brand 1 DVD needing repairs = Brand 1 sales percentage * Percentage of brand 1 needed repair
= 50% * 25%
= 12.5%
Probability that a DVD player will need fixing while under warranty = (50%* 25%) + (30% * 20%) + (20% * 10%)
= 20.5%
Probability that it is a brand 1 DVD player that needs repair work = 12.5% / 20.5%
= 60.98%
