Answer:
It is important to screen your business idea because with screening it it can give you a wide variety of what's wrong with your idea and what you can do to solve it
Answer:
a. the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.
Explanation:
If the organization is a dynamic system, it means that conditions change fast and often. In this case, a plan developed by top-management may not be adequate enough a month, or even a week later after being devised.
Therefore, it's best to allow frontline managers, who have knowledge about daily operations and conditions, to develop their own plans (with the assistance of the planning specialists), and to modifiy those same plans if needed.
D. Square your shoulders before entering the room.
Answer:
a. Four-firm concentration ratio is the total sales percentage of the top 4 burger shops in the industry;
= 25% + 24% + 18% + 12%
= 79%
b. Herfindahl index is the sum of the squares of the percentage sales of all the shops in the industry;
= 25² + 24² + 18² + 12² + 11² + 6² + 4²
= 1,842
c. Top 3 shops combine to form one shop.
= 25 + 24 + 18
= 67%
Four-firm ratio = 67% + 12% + 11% + 6%
= 96%
Herfindahl index = 67² + 12² + 11² + 6² + 4²
= 4,806
The bank, which is pretty much the whole government if you think about it.
