Julio is
devising a marketing plan for introducing his company's products into a new
market. Julio comes up with customized marketing strategies that cater to the
unique needs of the new market. all his decisions involve risk and uncertainty
as he is unaware of the conditions in the new market. The type of decision
being made by Julio in the above situation is called a non-programmed decision.
Non-programmed decision deals with risk and uncertainty. It is also complex and
unstructured.
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Answer:
I drew the production possibilities frontier curve for both nations, A and B, and attached it.
Explanation:
Explanation:
1. If butter complements margarine for instance, and there occurs a sudden increase in the price of butter leading to lower demand, this would affect the demand for margarine negatively leading to a fall in the demand for margarine.
2. If this goods are substitutes the demand for butter will increase when the price of margarine rises.
This is because it is only natural for people to switch to the next best alternative (substitute) that fills the same purpose or needs.
3. Remember Ice cream and ice cream cones complementary goods; meaning the demand for one increases the demand for the other and vice versa.
4. If the price of ice cream increases, demand would also decrease for ice cream as consumers are usually sensitive to price.
This decrease in the demand for ice cream would also affect ice cream cones since they complement each other, leading to a decrease in the demand for ice cream cones.
hospital indemnity
A supplemental insurance policy called hospital indemnity coverage is created to cover expenses associated with hospital admittance that might not be reimbursed by other insurance. Workers who are admitted to a clinic or intensive care unit for a covered illness or injury are covered by the plan. Additionally, it is accessible to businesses with as little as two employees.
Since the majority of Americans don't have enough resources to pay for unforeseen medical costs, hospital indemnity coverage can be very useful.1 The plan provides cash directly to workers even if they don't have any out-of-pocket costs. The funds can be used for anything, including: medical copays, deductibles, and ongoing costs like rent, food, and utilities.
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