The answer is Speed.
Speed is the norms of the millennial generation and is most likely the reason for the widespread influence of the "Google Effect". Speed leads to urge faster decision making and feedback on job performance. When we include Speed, we know that instant feedback is expected. The name itself (Speed) says it all.
The statements that accurately describe the Persian Wars are:
A. The Athenians relied on their navy to defeat Xerxes
C. Athens emerged from the wars damaged but ready to rebuild
D. The Greek city-states surprised the Persians with their united effort to defend Greece
E. The Persian armies defeated the Greeks at Salamis
The Persian Empire was the strongest empire that defeated most of the areas of Greece and Athens. The empire was colonizing these countries to further ensure a stronger power or colonization of other powerful countries.
The profit margin is the difference between the price charged for a good or service and the cost of producing it. Therefore it constitutes the profit for the producer.
<u>Two strategies can be followed to increase profit margins</u>
- Lower average production costs: if the company is able to increase the efficiency of its production processes (for example, by introducing new organizatives techniques) it will be able to produce more units with the same amount of resources. Then the cost per unit produced decreases, and the company will earn a higher margin if continues charging the same price.
- Product differentiation. The company introduces modifications in the product so that the perception that consumers have of it improves, and therefore consumers would be willing to pay a slighty higher price for purchasing that particular brand. If such modifications do not entail a larger increase in the cost per unit produced than the size of the price increase, then the firm will be able to increase its profit margins with this strategy.
To not chew the newspaper when you are not around
