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2 years ago

A. Describe an important decision in your academic or personal life that you will have to make in the near future.

Business

1 answer:

wolverine [178]2 years ago

3 0

Explanation:

<u>a. Describe an important decision in your academic or personal life that you will have to make in the near future.</u>

An important decision for all people is to choose which professional career to follow, since there are people with different skills, which can cause some difficulty in choosing which academic course to follow.

It is essential that the student does research on the professions that are most consistent with their profile, it is important to read about the functions of each profession, take vocational tests, talk to other professionals, etc., so that their decision is more effective.

<u>b. Using the five-step decision-making approach , analyze your decision and conclude with your "best" choice.</u>

1- Identify your goals: In choosing a professional career, identifying your life goals is essential to set more achievable goals and stay focused.

2- Gather information: The more you research about the career options you intend to pursue, the easier it will be to understand the aspects that will lead to a successful decision. It is important to gather information from different sources, through internet searches, books, conversations with other workers, etc.

3- Check the consequences: This step is important for the individual to be able to see his decision in a broad sense, from the positive and negative aspects that every profession has, and thus analyze whether he will be able to deal with all of them in the best way.

4- Make the decision: In the penultimate stage the decision is made, so far you have already gathered essential information that will lead you to the decision. In the example of career choice, the decision is extremely important and can impact a person's entire life, so it is common for doubts and uncertainties to arise from the decision.

5- Evaluation of the decision: This is the step that will assist in the realization of a good decision, as in the correction of problems and development of skills that contribute to make your decision the best possible and in line with your objectives.

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A fast-food restaurant serves the student community within a university campus. The restaurant newly introduces pocket-friendly

MissTica

Answer:

These are the options for the question:

A. Segmentation

B. Cannibalization

C. Market penetration

D. Product bundling

And this is the correct answer:

B) Cannibalization

Explanation:

Cannibalization occurs when a newly introduced product reduces the market share of previous products.

In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.

This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.

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3 years ago

The ________ statement of a business report provides a clear description of the situation that created the need for the report.

Blababa [14]

Answer:

Problem statement

Explanation:

Problem statement - it is referred to as the statement that given the clear and crystal information about the current situations. it is considered a good source of analyzing the real situations about the ongoing project.

This statement describes the current situations between the current and desired aim of the projects. it expressed the problem in two or three statements.

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2 years ago

What is the range for the relative price of cloth such that the economy produces both cloth and food? From _______ to _______ .

dezoksy [38]

The answer is explained in detail below

Explanation:

$a_{KC} = 2$

$a_{LC} = 2$

$a_{KF} = 3$

$a_{LF} = 1$

Labor, L = 2000; Capital, K = 3000

Labour constraint,

$2Q_{c} + Q_{F} \leq 2000$

Capital constraint ,

$2Q_{c} + 3Q_{F} \leq 3000$

Solving the equation further, we get

$Q_{F} \leq 2000 - 2Q_{C}$

$Q_{F} \leq 1000 - \frac{2}{3} Q_{C}$

The range for the relative price of cloth such that the economy produces both cloth and food is 2/3 and 2

Low cloth production → economy will use relatively more labor to produce cloth → opportunity cost of cloth is 2/3rd units of food.
High cloth production → economy dips on labor → taking capital away from food production → raising opportunity cost of cloth to 2 units of food.

If relative price of cloth lies between 2/3 and 2 units of food, the economy produces both goods.
If the price of cloth decreases below 2/3 → complete specialization in food production → low compensation for producing cloth
If the price of cloth rises above 2 → complete specialization in cloth production → low compensation for producing food

4 0

3 years ago

After learning about inflation and some of its history, what would be the inflation target that is most advisable for an economy

Talja [164]

Answer:

1-2%

Explanation:

In simple words, every nation in the world have some kind of central authority that works to control and keep the inflation as low as possible. However, too low inflation can also lead to recession which brings problems way worse than inflation.

Thus, keeping in mind about all the information we have studied, it is advisable to keep inflation at 1% or 2% band, so that economy can grow moderately along with no price pressure on consumers.

8 0

2 years ago

Match each of the global business practices with an example of its use.

Levart [38]

a. offshoring-------a brazilian clothing company opens a factory in indonesia to take advantage of lower labor costs.

Offshoring, the act of outsourcing tasks abroad, for the most part by organizations from industrialized nations to less-created nations, with the aim of diminishing the cost of working together. Boss among the particular explanations behind finding tasks outside an organization's nation of origin are bring down work costs, more tolerant ecological controls, less stringent work directions, ideal duty conditions, and vicinity to crude materials.

b. outsourcing------a u.s. clothing company buys shirts and pants from a clothing manufacturer in turkey.

Outsourcing is the business practice with regards to hiring a party outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own representatives and staff. Normally done as a cost-cutting measure, it can influence employments going from client support to assembling to the back office.

c. insourcing-------a mexican clothing company opens a textile mill in the united states where it sells most of its products.

Insourcing is the initiation of playing out a business work that could be contracted out internally: either with the assistance of an outsider supplier who plays out the undertaking nearby, or by leading said errand independently. Very frequently it is viewed as inverse of outsourcing. Insourcing is a business choice that is frequently made to keep up control of basic creation or abilities. Insourcing is broadly utilized underway to lessen expenses of duties, work and transportation.

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3 years ago