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Soft Selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. For example suppose you're trying to sell a company a new accounting system that will reduce costs by 10%. Instead of asking for a price you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry the adverse selection problem and why soft selling is a successful signal.
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
Elucidate current global economic and political policies and their impact on business decisions. Apply critical thinking skills to analyze business situations
Assume you want to begin a business in an area in which a natural disaster has recently occurred. How would you decide which kind of business to start.
A perfectly competitive firm should hire an additional worker only if the employee 's marginal revenue product is less than the wage rate.
Assume the new leadership in Congress decides to repeal some of the tax breaks granted to large businesses during the past several years.
The high employment deficit is estimated at $100 billion. Suppose that the ecomony is operating below full employment and that it will not overheat during year,
Explain all your answers below clearly, including brief definitions of each term.
Read the article "FDI into Africa on the up" from Ernst and Young and discuss on the following questions by writing 1 and half pages with proper citation with own words. § What is the impact of increasing FDI into Africa on the global economy? § If y..
GRAND RAPIDS, Mich. - Kellogg Company on Monday said its earning growth 17.3% in the 2nd quarter on strong firm wide sales growth, beating Wall's Street's expectations.
Eluciadte the law of demand. Why does a demand curve slope downward. How is market demand curve derived from individual demand curves.
Val Hawkins borrowed $15,000 at a 14% yearly rate of interest to be repaid over 3 years. The loan is amortized into three equal annual end-of-year payments.
Illustrate what are the pros and cons of switching to a market for kidneys. Currently, people can volunteer to donate one of their two kidneys, and getting a kidney is dependent upon your need and prognosis and sometimes having a relative who is a..
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