The concave-downward function model is based on
A. perceptual mapping results.
B. price elasticity of demand quotients.
C. the economic law of supply and demand.
D. the change in contribution margins as item price is changed.
E. the microeconomics law of diminishing returns.
Answer: E
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Competitive Intelligence (CI) is a tool that can provide management with early warnings about both threats and opportunities.
Answer the following statement true (T) or false (F)
Under a revolving credit agreement, the _____ is lower than the interest on the borrowed funds, but it can amount to a fairly hefty charge if the firm has a large unused balance.
A. commitment fee B. brokerage fee C. origination fee D. utilization fee
Yo Yogurt received a promissory note of $15,500 for 16 months at 8% simple interest from one of its customers. After 9 months, the note was discounted at Gassaway Bank at a discount rate of 10%. What are the proceeds Yo Yogurt will receive from the discounted note? (Round to the nearest cent)
A) $13,846.67 B) $16,152.72 C) $17,153.33 D) $14,595.83
Chantelle helped guide her organization through the process by creating regular meetings with employees to discuss progress of the change initiatives and to reflect upon challenges and obstacles in an effort to adapt more effectively to the change effort. This best illustrates which characteristic of Lewin’s change model?
a. recognizing the need for change b. resistance to change is inevitable c. focus on people as the source for learning and change d. need to support new behaviors and allow them to take hold