The Correct Response is Option B.
Inflation: can obscure relative price changes.
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the overall price level rises, hence inflation is associated with a decline in the buying power of money.
<h3><u>What occurs when inflation occurs?</u></h3>
- The main cost of inflation is the loss of real income, which occurs when prices rise unevenly and causes some customers' buying power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.
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Answer:
a.budget
Explanation:
The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.
It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms
Hence, the correct option is a. budget
The statement that when selecting words to include in a résumé, they should be complex in nature is false. In contrast, when writing a resume you should use concise, simple, strict and clear sentences. The resume presents a person's backgrounds and skills and the wording should be very carefully selected.
Answer:
are never final, as managing strategy is an on-going, dynamic process.
Explanation:
In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.
Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan. The components of a business strategy includes the following;
I. Value.
II. Vision.
III. Mission.
Hence, a company's direction, objectives, and strategy are never final because managing strategy is a continuum or an on-going, dynamic process. Thus, it's never a now and then task.
