Answer:
c. It does not need to be extendable to many market opportunities
Explanation:
- The core competency is a be explained as horizontal a combination of the multiple resources and skills that separates them from the market place and thus forms the companies competitiveness. Hence it based on the unique factors of the firms and hard to copy and as few substitutes exist for it. It provides a potential access to a wide variety of markets.
Answer:
a) Y = 500
b) Wages: 2.5
Rental price: 2.5
c) labor Share of output: 0.370511713 = 37.05%
Explanation:
if K = 100 and L = 100
Y = 500
wages: marginal product of labor = value of an extra unit of labor
dY/dL (slope of the income function considering K constant while L variable)
With K = 100 and L = 100
Y' = 2.5
rental: marginal product of land = value of an extra unit of land
dY/dK (slope of the income function considering K variable while L constant)
L = 100 K = 100
Y' = 2.5
c) we use logarithmic properties:
50 was the land while 10 the labor
2.698970004 = 1.698970004 + 1
share of output to labor: 1/2.698970004 = 0.370511713
Routine problem solving situations.
Hope this helps and Happy Halloween! :)
The two types of recruiting are internal and external.
Internal recruiting refers to recruiting applications from those who already work for the company. They are internal people eligible for the job, so they want to promote within. External recruiting refers to advertising for the position. By advertising for this position they are looking for employee referrals, special events to advertise the position, online application sources and other ways to advertise for it. They use job analysis in recruiting to figure out the best way they should advertise for the position and who is a potential qualified candidate to apply for it.