When Men's Wearhouse fired a salesperson who wasn't sharing walk-in customer traffic, and total clothing sales volume among all salespeople increased significantly, the company reduced destructive internal competition.
<h3>What is a destructive competition?</h3>
- Multiple producers being driven out of the market by competition.
- When there are numerous manufacturers of a good, prices are frequently driven down to the point that nobody makes a profit, which is when destructive competition takes place.
<h3>What do you mean by internal competition?</h3>
- The aforementioned components are the foundation of our concept of internal competition, which is senior management-sanctioned duplication or overlap of activity within the firm's boundaries in an effort to resolve market or technology uncertainties.
<h3>Is competition is constructive or destructive?</h3>
- However, competition can really be divided into two types: healthy competition and unhealthy competition.
- Two competitors may work better together or may just cause mutual stress, similar to waves crashing into one another to create a larger wave.
Learn more about destructive internal competition here:
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Answer: Option (A) is correct.
Explanation:
When there is an increase in both the components of aggregate demand i.e. government spending and taxes then this will most likely to offset the fiscal policy actions.
If there is an increase in the taxes, as a result aggregate demand decreases because of lower disposable income. This policy action is known as Contractionary fiscal policy.
Whereas, if there is an increase in the Government spending, as a result aggregate demand increases. This policy action is known as Expansionary fiscal policy.
But this will also largely depend upon the tax multiplier and government spending multiplier.
Answer:
$11,560
$5666.661
Explanation:
Given the following :
Bill received from accountant = $17,000
This year's marginal tax rate = 32%
Next year's marginal tax rate = 37%
After tax return on investment = 11%
After tax cost of bill is paid in December :
Billed amount * this year's tax rate
$17,000 * ( 1 - 0.32)
= $17,000 * 0.68
= $11,560
B) After tax cost of bill was paid in January:
Billed amount * next year's tax rate * PV factor
From the present value factor table;
PV factor (1 years, 11%) = 0.9009
Hence,
$17,000 * 0.37 * 0.9009 = $5666.661
<u>Solution and Explanation:</u>
In value added method of GDP, the value addition at each stage of the production are added and the total value addition of any activity is added in the GDP. The total value addition is equal to the final market value of the good.
Since painter uses paint of $500 and he uses his labor for the home owner and added $700 for the repaint the houses. He gives bills of $1,200.
It means total value addition for calculating GDP will be= 500 plus 700
=$1,200
Answer:
Adam is buying on margin.
Explanation:
When you buy a stock on margin it means that your broker borrowed you some of the money needed for the purchase of the stock.
In this case, Adam is buying stock on margin because he only had $7,000 and his broker lent him the extra $3,000 he needed to purchase the shares he wanted.
