Answer:
B) False
Explanation:
The correct phrase should be:
Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer standardized products, while oligopolists producing consumer goods usually offer differentiated products.
An example of an oligopolistic industry that we all know about is the car industry. There are very few car companies in the world since only very large companies can actually manufacture cars. Car companies offer differentiated products.
It would be an informative resource
Because of the last recession, many companies decreased financial donations but encouraged their employees to volunteer their times to corporate social initiatives and project.
This way, they can gain the public favor by putting it on their corporate social responsibility.
Answer:
Profit Function = (300 x king size bed) + (150 x queen size bed)
Explanation:
Objective Function is the function which needs to be optimised , i.e maximised or minimised. The function shows the objective variable as a dependent variable, determined by independent / explanatory variable(s).
Given Case : The manager would tend to maximise profit function.
Total Profit = Per unit profit x quantity
So, Profit Function: by per unit profit & sale quantities :
= (300 x king size bed) + (150 x queen size bed)
This profit objective function would be maximised, to find the profit maximising sale quantities of king & queen size beds.
Space, Budget would be the constraints to this optimisation.
Answer:
b. Exploratory research
Explanation:
As the sales has been declined in Latin American territory with no knowledge to the team about sudden decline in sales performance therefore, Exploratory research can be helpful as to collect the information through the various means such as focus groups, customer advisory boards etc to know the exact reason for the decline so that the corrective action plan can be formulated
