joe dimaggio, the legendary baseball player, was a longtime ad spokesperson for which brand? alka-seltzer

The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example

blsea [12.9K]

Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.

What is creative destruction?

The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.

Learn more about creative destruction here:

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3 0

2 years ago

An employee is given a formal written warning for an offense he has committed. Despite this, he proceeds to commit another offen

galben [10]

Answer:

temporary suspension and maybe an Improvement Plan.

Explanation:

Based on the scenario, if the company has adopted a progressive discipline program then the according response would be a temporary suspension and maybe an Improvement Plan. This is because a progressive discipline program follows the following steps accordingly.

1) Verbal Counseling. The first step in a progressive discipline process is to merely have a conversation with the employee. ...

2) Written Warning. The second step should be another conversation that is documented in a written format. ...

3) Employee Suspension and Improvement Plan. ...

4) Termination.

Seeing since step 2 has already been done the next course of action would be step 3.

6 0

3 years ago

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Park Ridge Company is considering the replacement of a machine that is presently used in production. The following data are avai

Ainat [17]

Answer:

The Relevant Cost for Five Years $52,000.00

Explanation:

‘Relevant costs’ can be defined as any cost relevant to a decision. A matter is relevant if there is a change in cash flow that is caused by the decision.

The Park Ridge Company's Relevant Old Machine Cost for Five Years is

Disposal value now $32,000.00

Annual cash operating costs $20,000.00

Relevant Cost for Five Years $52,000.00

Old Machine

Original cost $200,000 is Sunk Cost

Useful life in years 10 5 - Will be used for the calculation of Depreciation, Therefore is an Irrelevant cost

Current age in years 5 0 - irrelevant year

Book value $100,000 - are not cash flows and so are not relevant.

Disposal value now $32,000 -

Disposal value in 5 years 0 is without a cost

4 0

3 years ago

Jenny likes chocolates. One day, a friend offers her a chocolate bar and she is extremely happy on receiving it. As the day pr

liq [111]

Answer: Law of diminishing marginal utility

Explanation: In simple words, law of diminishing marginal utility states that as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.

In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.

Hence we can conclude that the given case illustrates law of diminishing marginal utility.

6 0

3 years ago

Which sequence describes the long-run adjustment process in a competitive market when firms are experiencing short-run economic

dedylja [7]

Answer:

b. some firms exit, industry supply decreases, market price rises.

Explanation:

A perfect competitive industry is characterised by many buyers and sellers of homogenous goods and services. There are no barriers to entry or exit of firms.

If firms are making economic loss is the short run, in the long run, firms leave the industry. This leads to a fall in supply and prices rise as a result. In the long run, firms in a competitive industry earn zero economic profit.

I hope my answer helps you

7 0

3 years ago