A scenario plan is different from business plan because:
a. A scenario plan focuses on business cash flows, and a business plan focuses mainly on strategy.
b. Business plans are for long periods of time, and scenario plans are for short periods, like capital budgeting projects.
c. A scenario plan is long term and focuses on industry, demographic, industry, and social trends. Business plans are short-term and focus mainly on cash flows and relatively short-term strategies.
d. Business plans are usually for one-year and two year periods. Scenario plans are medium term, with time horizons of three to five years.
e. Scenario plans tend to focus on long-term marketing strategies and the proper handling of non-operating assets (e.g., marketable security holdings). Business plans focus more on mergers and acquisitions and the proper lines of business in which a company should be involved.
.C
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In the figure above, Nike maximizes its profit if it charges ________ per pair of shoes
A) $75 B) $60 C) $72 D) $42
The HO model predicts that once trade begins factor prices will equalize between countries. This result occurs because of the assumption of
A) identical technology sets available to each country. B) constant opportunity costs. C) one factor of production. D) free international mobility of factors.
Economic growth theory studies how real GDP changes ________, in other words the growth of ________ real GDP
A) on average over long periods, natural B) on average over long periods, actual C) from one year to the next, natural D) from one year to the next, actual
Comparable worth is the principle that:
a. goods and services priced the same have about the same worth. b. the wage rate equals the value of productivity. c. men and women should be paid comparably. d. employees who perform comparable jobs should be paid the same wage.