1. Answer the following. • What are the five major industry, economic, political and social changes taking place that will affect a company? • What are the opportunities and problems ahead in careers? • How will a profession be different in two years? In five years?
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1. Answer the following.
• What are the five major industry, economic, political and social changes taking place that will affect a company?
• What are the opportunities and problems ahead in careers?
• How will a profession be different in two years? In five years?
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- What do economists mean when they refer to improvements in technology?1.examine the gap between rural and urban areas across the globe. how is that gap affected by organization? 2. what do you think is the impact of urbanization and rise of global city on the argicultural sector?4) How do the three basic economic questions relate to the firm? 5) What other business disciplines are related to Managerial Economics?
- A.)Why Is the private ownership of resources such an important characteristic of a capitalist economic system?How do different economic actors (consumers, workers, businesses exercise “Freedom of Choice”? B.)How do different economic actors pursue self-interest?What are the main characteristics of a perfectly competitive market?7. One concern with the stakeholder model of business activity is that we can define "stakeholder" in more than one way. True or FalseOM 1. Why is high productivity important for a nation? 2. Why do you suppose that service jobs have lower productivity than manufacturing jobs? 3. How can a company gain a competitive advantage by having higher productivity than its competitors have?
- 5) What other business disciplines are related to Managerial Economics?8. Describe the sociological approach to entrepreneurship. How can this approach be used to promote more entrepreneurship within the economy? 9. If immigrants are a major source of entrepreneurship in an economy, why do most countries limit the number of immigrants they allow in each year?5d What is the relationship between accounting profit and economic profit? Which is relevant for a firm’s decision to continue production and why? Give examples as to what may cause a divergence between accounting and economic profit
- 1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential modelWhat are user-led innovation and lead user methods? How do these two approaches impact the innovation process inside organizations? Provide examples to explain the concepts.Topic: What is the world going to be like if we continue to have bilateral economic war in the next 25 years? the tensions that lead to war still exist: religion, money, natural resource, and history all provide way too many “reasons” for countries to want war to achieve their perception of national goals. Question: How does money and Natural resources effect our economy during wars? please answer in paragraphs, thank you for your time!
