Answer:
Organic
Explanation:
When organizations are in dynamic and uncertain environments, their effectiveness depends on being able to adapt quickly to changing customer tastes and preferences, which requires a more organic design.
In a dynamic and uncertain environment a mechanistic design will be inapplicable but organic
An organic organization is best applied to businesses that apply a more open business structure which is needed in order to quickly respond to the dynamics (changes) and uncertainty in the business environment. The structure gives the organization the flexibility to deal with fast-paced environmental change and many different elements.
Answer:
c. Fluffy Pillows, a U.S.-based pillow company, sells the same pillows worldwide.
Explanation:
Globalization of markets occurs when different markets in the world are integrated and merged into just one market when similar tastes, preferences, norms, convenience and values are identified which facilitate a gradual change in culture towards the use of similar commodities.
The the sale of the same pillows worldwide by the U.S.-based pillow company, Fluffy Pillows, is a good example of globalization of markets .This is because the company has been able to integrate and merger all the pillow markets in the world to just one and has therefore facilitated a gradual change in tastes and preferences for its pillow making the use of the same pillow possible worldwide.
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Answer:
Decision : It is not good invest as it offers at $925 whereas your bank deposit cost $893.16 for same return.
Explanation:
Detailed calculations are carried out in the attachment below.
Answer:
3.33%
Explanation:
Data provided in the question:
Real per capita GDP in South Korea in 1957 = $400
per capita GDP in South Korea in 1978 = $800
Total number of years taken to double the GDP = 21 years
Now,
Using the Rule of 70, which states that
Number of years to double the GDP = 70 ÷ (average annual economic growth rate )
thus,
21 years = 70 ÷ average annual economic growth rate
or
Average annual economic growth rate = 3.33%
Answer:
The concept of economic profit ....... <u>alternative</u> two options.
If economic profit is positive .......... <u>Current </u>option.
If economic profit is negative............ <u>Other </u> option
Explanation:
Economic Profit is the excess of revenue associated with an option, over its costs (explicit external & implicit opportunity costs).
Example : Revenue - Direct explicit cost of production - opportunity cost (like interest on money invested, salary of job left foregone).
The concept is used to make decision between two<u> alternative</u> options. Given, zero economic profits imply indifference.
Positive Economic Profit implies - one should choose<u> Current </u>option, as it will make <u>Better off </u>, having more benefit than other option
Negative Economic Profit implies - one should choose <u>Other </u> option, as it wil make better off, having more benefit than the former considered option.
