<u>Answer:</u>
<u>A. Wilson</u>
<u>B. Tom</u>
<u>C. 0.45</u>
<u>D. 0.3 and 3</u>
<u>Explanation:</u>
Tom comparative advantage: using the formula; number of cut down / the other's number of cut down.
For Coconut= 5/15=0.3
For Fish= 11/6=1.8
Wilson comparative advantage: using same formula above
For Coconut= 15/3=3
<em>For Fish= 6/11=0.5</em>
<em>A. Thus, we can conclude that Wilson has comparative advantage of producing coconut since he has the higher ratio of 3.</em>
<em>B. We conclude that Tom having the ratio value of 1.8 which is greater than that of Wilson has the comparative advantage.</em>
<em>C. Tom's opportunity cost of producing a coconut is calculated by dividing his number of coconut over his number of fish = 5/11 = 0.45</em>
<em>D) Note the range of acceptable terms of exchange of coconuts for fish should be be 0.3 and 3.</em>
Answer:
B. Core Competency
Explanation:
These factors are Amazon's core competencies, or main strengths that help differentiate Amazon from its competitors.
C. longer response times, sometimes six to eight weeks
Answer:
The Entrepreneurial personality trait i have is <em>Risk Taking. </em><em> </em>And Yes, one can develop such characteristics.
Explanation:
As of now, I have recognized that I am a <em>Risk Taker, </em>which is an essential trait to be an entrepreneur. Because there would be lots of hurdles in the way, and I would be required to make quick decisions for impose great risk for me and I like to take that.
Developing characteristics:
- Decision Making.
- Planning.
- Open Mind.
- These entrepreneurial personality traits I believe can be developed. Because there is a study which tells that to learn something new it requires 10000 hours, so, it's really not a rocket science, and only practice is required.
To learn decision making, one needs to take decisions often, he will surely fail but then that's what it is about taking risk being confident.
Many professional business letters are printed on letterhead.