<u>Explanation:</u>
a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.
b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.
c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.
It's incorrect to say competitive strategy- because LVMH is not a business. LVMH doesnt compete with anyone because it is a conglomerate of decentralized brands. Each brand has its own DNA/story/value proposition and its own competitors and unique business strategies.
Having said that, LVMH's 'corporate' strategy is to hold a portfolio of the most cherished, coveted luxury brands and add value through its specialized resources - sourcing, its supply chain management, brand management and talent.
It would be subject to taxation in all three states where it does business.
Answer:
37
Explanation:
From the given information;
if the utility function is given by:
u = 10x + 27
where;
x = one unit ( i.e. the quantity of the good she is interested in buying)
Then,
u = 10 (1) + 27
u = 10 + 27
u = 37
Thus, Amanda utility level if she consumed one unit of x = 37
Answer:
The correct option is "the amount of time the master schedule record or MRP record extends into the future"
Explanation:
The planning horizon is the amount of time an organization will look into the future when preparing a strategic plan. Many commercial companies use a five-year planning horizon, however a general Planning horizon is around one year. But other organizations such as the forestry commissions have to use a much longer planning horizon to form effective plans.
