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If an employer does not offer a retirement plan, the employee can save up for his retirement by investing in an insurance company that offers such benefits. There are independent insurance companies in the market that provide such services for employees who are not granted with basic benefits. They can arrange for a person to pay insurance in a monthly, quarterly, or annual basis.
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Answer:
Case 1 = $420 million
Case 2 = $280 million
Case 3 = $350 million
Explanation:
As per the data given in the question,
Annual value by one distributor = $420 million per year
Annual value by two distributor = $560 million per year
Case 1)
The marginal value of first distributor is more than second
So when negotiating the value, it is = $560 million - $420 million = $140 million
and this value would be distribute between both. so each will get = $140 million / 2 = $70 million
and you would expect to capture $420 million of this deal
Case 2)
As distributors are run by government, so negotiation will be done with both the distributor at same time and margin would be $560 million and you would be grabbed = $560 million ÷ 2 = $280 million
Case 3)
In this case marginal amount of contact = $560 million - $140 million = $420 million
and half of it = $420 million ÷ 2 = $ 210 million, which is the amount to be offered
and you would expect to grab the remaining amount = $560 million - $210 million
= $350 million
Answer: The correct answer is d). efficiently, effectively
Explanation: Efficiently means accomplishing the objectives with a minimum of resources while Effective means having the intended result.
Management is a critical process in any organisation. It prevents wastage and ensures that the goal of the organisation is met appropriately.
