It’s is organized, the welcoming page is well put together and pleasant to look at. The blogs can be funny and witty, but what really matters is that they are relatable and the sentences flow nicely. Just my opinion though.
Answer: More elastic; Lower
Explanation:
Before the entry of a new firm, there is only one firm exist in the market and that single firm is experiencing a monopoly power. But when there is a entry of its competitor then as a result second firm have to reduce their prices of the products as demand is elastic. We know that market is very sensitive to the prices. This fall in prices will lead to increase the demand for the products but with the lower prices, the marginal revenue of the second firm will be more elastic because of the lower prices.
Answer:
Visionary.
Explanation:
A visionary leader is someone who has a clear-cut idea of what he/ she wants in the future. This type of leader will be able to not only create and articulate a clear idea, a realistic idea but also be credible and provide an attractive vision for the company's future.
The leader will help set up a realistic plan to further improve the company, bringing his vision to reality. This will help the company or organization to grow and improve. Likewise, Michael is a visionary leader, with his creative and realistic vision for the organization. He will lead the team to a better, improved future for not only himself but everyone.
Answer:
C, Taxes
Explanation:
Tax is the financial levy or charge imposed on an individual by the government to fund its expenditure.
When a product is purchased, the ownership cost of the product does not include tax because a product is not taxable. The income from the product is taxable but not the product itself.
So when purchasing a product, asides from value added taxes which has been included in the product price, there is no continuous tax payment on the product after its been paid for.
Cheers.
Answer:
The correct answer is letter "A": the five forces framework.
Explanation:
Porter's Five Forces is an analysis scheme created by Harvard Business School professor Michael E. Porter (<em>born in 1947</em>). It allows business managers to gauge the level of competition within their company's industry, and thus assess current and potential lines of business. The ultimate goal of this analysis is to help managers set their profitability expectations because profitability decreases as competition increases.
