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1. What are the differences between economic and accounting concepts of cost? How would you manage the costs associated with a value-creation activity? How do costs of operations relate to the strategy of the organization?
2. How are prices determined under perfect competition? Think about a firm that you have done business with recently. To what industry does this firm belong? For example, McDonald's is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? How does market structure affect the firm's ability to set the price for its products?
It is estimated the probability of a high demand is 0.4 and the probability of a light demand is 0.2. The firm's (risk-free) interest rate is 12%. Calculate the expected pre
Evaluate three strengths of your leadership practice using a scholarly leadership theory. Note: As part of your evaluation, you will need to use one scholarly leadership
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