Answer:
True
Explanation:
To understand the new working environment, and the changes in the overall market structure; it is very important to learn new methods and change old habits that is exactly what Lewin change model explains. This model emphasises on the importance of a change as part of a job to cope with the new era of globalisation.
Answer:
(a) If the Bills want to sell tickets to all 8 games by selling eight individual tickets, they have to set the price P = 120 − 10(8) = 120 − 80 = $40. This yields revenue of $40(8) = $320 from each fan.
(b) If the Bills practice second degree price discrimination, they can effectively charge
P = 120 − 10(1) = 120 − 10 = $110 for single games,
P = 110 + 100 + 90 + 80 = $380 = $95/ticket for a 4-game package, and
P = 110 + 100 + 90 + 80 + 70 + 60 + 50 +40 = $600 = $75/ticket for an 8-game package.
Answer: (B) Customer relationship management
Explanation:
The CRM is stand for the customer relationship management and it is basically refers to the various types of strategies and the technology that the organization used for analyses the data and also helps in managing the customer relationship.
The main aim of the customer relationship management is that it helps in improving the relationship of the customer and also manage the business data more efficiently.
The CRM purpose is that it also helps in improve the satisfaction of the customer and also manage the customer services. Therefore, Option (B) is correct.
Answer:
a. Amount the government would have to increase spending according Economist A = $8 billion
b. Amount the government would have to increase spending according Economist B = $16 billion
Explanation:
a. Economist A
Since government spending multiplier is believed to be 8, this implies that the government has to spend an amount that when it is multiplied by 8 it will be equal to recessionary gap of $64 billion in order to close the output gap. This amount can be calculated as follows:
Amount the government would have to increase spending according Economist A = Amount of recessionary gap / Government spending multiplier according to Economist A = $64 billion / 8 = $8 billion
b. Economist B
Since government spending multiplier is believed to be 4, this implies that the government has to spend an amount that when it is multiplied by 4 it will be equal to recessionary gap of $64 billion in order to close the output gap. This amount can be calculated as follows:
Amount the government would have to increase spending according Economist B = Amount of recessionary gap / Government spending multiplier according to Economist B = $64 billion / 4 = $16 billion
Answer:
Option D US consumers lose more from tariffs than U.S. producers gain
Explanation:
The reason is that the US has imposed tariffs on the import of goods to overcome the comparative advantage of the other countries. So by imposing tariffs the US producer's products become inexpensive and protects them from the foreign countries with comparative advantage in similar products. This means the US consumer is buying expensive products and don't motivates the US producer to invest in efficiency and that the size of the industry may be at the growth stage or the producer's size is very small which means it can not compete with the competitors in the international market. So as a result the US consumer suffer more because they pay higher payments and are forced to buy expensive American products which is less in value to the consumer than the value it generates to the producers.