what do you understand by the concepts of intra and inter temporal choice models in managerial economics
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- Opportunity cost is all about making choices and how adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in managerial economics?What is managerial Economics? Explain economic principles for impoved decision making?Explain the Cardinal approach in managerial economics?
- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!How can managers blend the guidelines for making effective decesions in today's world with rationality and bounded rationality models of decesion making. or can they?Explain.Read the sections “Disruptive Influences”, “We are Going to Disrupt Ourselves”, and the “Competitive Landscape” and discuss the bargaining power of customers and demand conditions (i.e. in what ways are consumer preferences changing) in the auto industry and how Ford has responded
- The an existing public organisation intends to update its three year startegix plan for the years 2023-2025 and has provided funds in its annual budget 2022 as well as from partners. The organisation aims to recruit a startegic planning facilitator to assist it update its strategic plan to enable it to meet the challenges of the sectors over the next three year and position it asthe employer of chioce and the leading public sector instituion in the africa. This assignment forms part of the effort of creating the enabling and modern work envirnment as a whole and also putting in place a formidable strtegiy and organisational plan. The goal would be to assure best pratice in public service delivery and oganisational effectiveness as well as build a class of high cilber next generation professionals that will be increasingly relied upon by government and the public in the management of thoses critical sectors of the economy. Besides the traditional functions listed, the organsiation is…Which one of the following conditions you would least expect in a supply-driven market?a. Highly standardized products.b. Massive market size.c. Big corporate customers.d. Fast technological change.41. The Sarbanes-Oxley Act of 2002 is an example of a change in the __________ environment which forced thousands of publicly traded companies to adjust the way they conduct business. a. political-legal b. technological c. task d. operating e. socio-cultural 42. Interaction of the factors of rivalry among competitors, bargaining power of customers, the threat of substitute products or services, bargaining power of suppliers, and threat of new entrants to the industry can be assessed through a tool known as the __________. a. Five Forces Model b. Internal-External Model c. Bargaining Model d. Competitive Advantage Model e. Interaction Assessment Model 43. Using the Five Forces Model, the movie theatre industry would consider Blockbuster as a a. supplier. b. substitutes competitor. c. direct competitor. d. new entrant. e. differentiated competitor. 44. The purpose of __________ is to identify assets, resources, skills, and processes that represent either strengths or weaknesses of the…
- The government wants to impose an increase in federal minimum wage to $20 an hour to better assist workers who are underpaid. what are the pros and cons about this proposal in micro and macro economics and pros and cons about this proposal in general? 400-450 analysisSustaining competitive advantage can be challenging. The entry of new competitors, the possibility of imitation, and the changes in the firm’s context can affect the firm’s profitability and, historically, have affected firms that had competitive advantage in very distinctive ways. For instance, Coke and Pepsi have sustained their market dominance for nearly a century. On the other hand, General Motors and Ford were hit hard by competition, in particular of foreign companies entering the market, and never fully recovered. What is different about the product/market situation in these cases that affects the sustainability of their competitive advantage? Which elements of the strategic landscape were responsible for Coke and Pepsi’s success and which elements were instrumental in GM and Ford losing an important share of the market?you are hired as a consultant by Tokyo Inc. to prepare a report based on the undermentioned criteria.You will choose a known Caribbean Company in the agro-processing sector and its product (s) with information available on the internet, that does not currently operate outside the Caribbean CARICOM region. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product (s) could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product (s) by conducting a situation analysis to start. You are also required to suggest an international strategy after an analysis of all strategies discussed in the course. T