Answer: Blue ocean strategy
Explanation:
Blue ocean strategy is the concurrent pursuit of low cost and differentiation to establish a new market space and also create new demand. The strategy is about the creation and capturing of an uncontested market thereby making competition irrelevant.
Blue oceans target markets where there are no existing competition. In blue oceans, demand is established rather than competed and this leads to rapid opportunity for growth and profitability. A blue ocean describes the broader, deeper potential that can be found in an unexplored market.
Answer: 5
Explanation:
The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.
From the information given in the question, the velocity of circulation will be:
= Nominal GDP / Quantity of money
= $2000 / $400
= 5
Therefore, the velocity of circulation is 5.
B. An IB diploma is presented to IB students following the successful completion of their studies.
When you finish a college or a course in something, you are presented with a diploma to prove it.
Answer:
price ceiling and a surplus
Answer:
a. $137,020
Explanation:
The computation of the total variable cost for 5,200 activity level is shown below:
But before that first we have to find out the variable cost per unit which is
= Total variable cost ÷ given activity level
= $131,750 ÷ 5,000 units
= $26.35
Now the variable cost is
= Variable cost per unit × expected activity level
= $26.35 × 5,200 units
= $137,020
We simply applied the above formulas