Discuss the concept of strategic drift and examine the likely main strategic drift driver from the point of view of the Caroria Local Authority.
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- A few years ago, the Boston Globe reported that the city of Boston planned to spend $14 million to convert the FleetCenter sports arena and entertainment center into an appropriate venue for the Democratic National Convention (DNC). The city engaged Shawmut Design and Construction in a contractual relationship to complete the work, which was supposed to start 48 days prior to the commencement of the DNC on July 26. However, when negotiations between Boston’s mayor and the police union broke down, the Boston Police Patrolmen’s Association took to the picket lines surrounding the FleetCenter and prevented construction crews from beginning the work. The Globe reported that “a truck attempting to deliver steel turned around after a crowd of union members stood at a chain-link gate in front of the arena, shouting ‘back it up,’ and ‘respect the line, buddy.’” Moreover, the Globe reported that “On-duty police officers, who had been instructed to prevent pickets from restricting access, did…If a family’s MPC is .7,then it is: Spending 70 percent of its income on consumer goods Saving 70 percent of its income Spending 30 percent of its income Spending 100 percent of its income The three legal forms of business are: Single proprietor ship Partnership Corporation All of the above Price elasticity of demand measures the responsiveness of the quantity demanded to changes in: Income Price Supply Interest rate The separation between ownership and control is one of the major characteristics of the: Corporation Partnership Single proprietor ship None of the above Used furniture is an example of a: Normal good Inferior good Luxury good Abnormal goodThe global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning?
- Define the following terms Nationalisation StagflationQUESTION 5 Which one of the following statements about strategic investments is incorrect? A. Locational choice (as in the linear city model) B. R&D investment to reduce marginal cost of production can be an example of strategic investments. C. Capacity choice (as in the Stackleberg-Spence-Dixit model) can be an example of strategic investments. D. Price choice (as in the linear city model) is an example of strategic investments.Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, but that three scenarios predominate, specifically: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Powerful forces opposing further globalization and IB will slow their growth. Those anticipating slowing globalization would likely point to all of the following trends except for ________. A) Antiglobalization interests have been successful in electing parties that oppose freer movement of trade or people. B) Technological, transportation, and communication advances will decline in the near future. C) Major countries have either ignored certain international treaties or have refused to sign them. D) The growing split between those who succeed in a global environment and those who do not will foster greater antiglobalization sentiments.
- The chamber of commerce has virtually no budget for tourism promotion. State law authorizes an added 2 percent local tourism promotion tax to the 4 percent state rooms tax. However, enacting the added tax must be approved by local lodging establishments. Vote is apportioned by number of rooms owned. Managers of the two larger resorts are in favor of the tax, but they suspect that the many smaller motel owners will not approve the tax. Added tourism is greatly needed to stimulate the local economy. How can this impasse be resolved? From where might the leadership for resolving the impasse originate?Using the one factor Ricardian model concept and the unit labor requirements information in the table below, determine a) What is the opportunity cost of domestic and foreign Cheese production?b) What is the opportunity cost of domestic and foreign wine production?c) In which commodity production, domestic has a comparative advantage.Explain.d) In what commodity production, foreign has a comparative advantage.Explain.e) Which country has an absolute advantage. Explainf) If PC is the price of Cheese and PW is the price of Wine, and PC = PW, thenWhat commodities will domestic specialize in?g) If PC is the price of Cheese and PW is the price of Wine, and PC = PW, thenwhat commodities will foreign specialize in?h) Using the comparative advantage information above, determine the commodity thatexported and imported by domestic and foreign respectively?i) If PC = PW or PC/PW = 1, what is the gain from trade obtaineddomestic and foreign if each country specializes inwhich production has a…The process of determining a host of the FIFA World Cup is highly competitive, with many countries vying for this prestigious honor. One consideration for picking a host is the national debt of potential host countries. Consider why a nation's debt level might be a factor in determining which country will host the FIFA World Cup. Countries with high levels of debt - often have high crime rates, which may discourage fans from attending the World Cup. - often follow a functional finance approach, which discourages all types of government spending. - may be unable to make the significant investment in infrastructure required to host a World Cup. - are generally experiencing economic recessions, making them an undesirable place to visit for foreign tourists.
- 1) Explain the significance of the Prisoner's Dilemma, and how the model might be used to explain some forms of competition when there is uncertainty. 2) Explain the similarities and differences between Keynes' theory of consumption and Friedman's Permanent Income Hypothesis. 3) explain why the Marginal Rate of Substitution is equal to the price ratio for all goods, and its significance. 4) Briefly compare and contrast various models of how duopolists compete. 5) Explain whether the Efficient Market Hypothesis is a helpful theory, and why or why not. 6) Explain why financial theory rests on the mean and variance approach to the risk/return relationship. 7) Describe how Fisher and Modigliani helped explain our pattern of savings throughout our lifetime.discuss the key concepts of the Heckscher-Ohlin Model in factor abundenceSelect from the List in bold print, the Institutional Sector to which the following Institutional Units may be classified. LIST - Corporation, General Government, Households and Unincorporated Enterprises, Non-Profit Institutions serving Households, Non-Profit Institutions serving Businesses, Quasi Corporation, Public Corporation, Resident Unit. An institutional unit that produces non-market services for collective consumption and is also involved in the redistribution of income and wealth. Answer _____________________________ A legal entity producing non-market services for businesses using resources obtained from contributions and subscriptions. Answer ______________________________ An enterprise whose principal activity is the production of market goods and non-financial services with the intention of making a profit for its owners Answer ______________________________ A Corporation that produces goods and services for sale on the market at economically significant prices, where…
