Strategy is
a. The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment
b. Developing a resource for the company that is both rare and valuable to create competitive advantage
c. Making sure that the resource developed is non-fungible to create a sustainable advantage
d. All of the above
d
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Which of the following expenditures would be included in GDP for this year?
A. The purchase of a new car. B. The purchase of a new tire by General Motors for a new car. C. The purchase of a used car. D. The purchase of an intermediate good.
Suppose a person's utility for leisure (L) and consumption (Y) can be expressed as U = Y ? L and this person has no non-labor income. Assuming a wage rate of $10 per hour, show what happens to the person's labor supply when the person wins a lottery prize of $100 per day
What will be an ideal response?
Short-term economic fluctuations are ________ in length and severity and ________ to predict.
A. irregular; easy B. regular; easy C. regular; difficult D. irregular; difficult
When the quantity of money supplied decreases, at a given price level
A) the aggregate demand curve shifts leftward. B) the aggregate demand curve shifts rightward. C) the economy moves along the aggregate demand curve. D) the aggregate demand does not change.