Answer:
No, we can’t say
Explanation:
In this question, we are asked to decide if we can say that Guatemala’s standard of living grew more than that of the US’ standard of living between the years 1993 and 2003 given the pointers in the question.
We cannot say that this is correct because of the following reasons;
As observed from the question, the US growth rate was calculated between the years 1948-2003, which is indicative of a 55 year span. Now, comparing this with that of Guatemala, we can see that the span here is just 10 years I.e from 1993 to 2003.
Also, we were not provided with the population growth rate in both countries and this makes it difficult to judge which of the two countries have a better growth in terms of standard of living
Answer:
D. the demand for Nike running shoes is less elastic than the demand for shoes.
Explanation:
In this the substitutes would be more for the particular brand rather than the normal running shoes. Since the demand of running shoes might be less elastic as compared to the demand of nike running shows because the consumer shifted from the nike to other brand that are popular. Plus, the elasticity of demand for running shoes is considered to be inelastic as there is many subsitutes
So, the option d is correct
Answer:
<u> selling price at year 3:</u> $ 188.89
<u>at constant dollar year 3:</u> $ 167.94
Explanation:
selling price x accumualte raises:
selling price: 188,892
now, to calculate the constante dollar we discount for inflation:
constant dollar selling price: 167,9398271
Answer:
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Answer: The R part which stands for RARENESS/RARITY.
Explanation: The VRIO analysis is an acronym for Value, Rareness, Imitability, Organization.
This analysis is used in the evaluation of a business resources and factors that places it above their competition.
The rareness/rarity begs to question if the resource used in business are in the hands of a few.
In this question, Rohan was looking to expand his business by adding a pick-up service but by asking the rareness question, he discovered that the competitive advantage is in the hands of another business Tow-It-Now Inc.
