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. Economic responsibility, carried to the extreme, is called the profit-maximizing view. The view argues that the corporation should be operated on a profit-oriented basis, with its sole mission to increase its profits so long as it stays within the rules of the game.
Is the purely profit-maximizing view considered an adequate criterion of performance?
Can it lead companies into trouble? Use examples
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- QUESTION 3 Which of the following are feasible strategies for defending against a disruptive technology? O Acquire the entrant with the disruptive technology. Enhance sustaining innovation of the incumbent technology to maintain a competitive edge. Set up innovation that competes directly with the disruptive technology. All of these are feasible strategies.B ← D 16:11 Today 16:05 A firm has $200 million in total revenue and explicit costs of $190 million. If its owners have invested $100 million in the company at an opportunity cost of 10 percent interest per year, the firm's accounting profit is: $400 million. $100 million. C$80 million. E zero $10 million. go Send VPN Favourite + ( 60 اس 4* * Edit Von 4G Delete MoreQUESTION 19 It is advantageous for an industry to be designated "strategic," as that often means it can qualify for government subsidies and bailouts. True False In assessing and choosing a firm’s strategy, a manager will usually find that benchmarking is: a. unimportant if there is a well-thought-out strategy. b. a valuable part of evaluating a firm’s capabilities. c. the surest way to dilute strengths and magnify weaknesses. d. likely to be the most successful strategy. How does bounded rationality affect strategic decision making? a. Only with prior experience can managers of multinationals make rational strategy decisions. b. Bounded rationality has no effect on decision making. c. Managers pursue their interests and make choices within the formal and informal constraints in a given institutional framework. d. Relying on informal connections as a strategy is only relevant for firms in emerging economies. Being…
- Need quick answer with explanation wrong answer = downvote and report.. Managers of firms with market power should be cautious not to ________ when they are earning ________ economic profit. Select one: A. mark up their product; negative B. mark up their product; positive C. overexpand; negative D. overexpand; positiveAt the start of the recession during early 2020 and 2021, land releases for owner- occupier (such as a 4 bedroom single-storey dwelling) housing were limited. Therefore, only few construction companies were in action as the costs of borrowing money from banks also slowly started decreasing. But there are no barriers to entry or exit in the construction industry such as for building owner-occupied housing. Explain with the help of a well-labelled diagram the profit and loss performance of a firm operating in the construction of a 4 bedroom single-storey dwelling in the construction industry between 2020 and 2021.Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE Part 4 Lee: Right. Inflexible rules, applied the same way every time and in every situation, are just a sign of corporate insanity. This is a company that knows how to adapt and make smart decisions based on the circumstances at hand. Remember when we found out that Allied Chemical hair gel accelerated hair growth at twice the industry standard . . . just before the hair would fall out? Remember what happened to Winfred after he tested out the stuff for us? Remember how happy Allied Chemical was with us when we figured how to market their goop anyway? The rules are made to help us, the best of the best, get what we want. We are the "enlightened" of the break room, and the rules are meant to help US get what WE want. End Part 4 Irrational forces perspective. Sociological school of thought. Legal realism school of thought. Critical Legal Studies school of thought.
- Economics As you read in the articles for Chapter 11, several brands are replacing their brand mascots. In 2021, the well-known Aunt Jemima brand transitioned into Pearl Milling Company. Why do you think it took so long for Pepsico to change the brand's name and image? How are consumers responding? Do you think the new name was well- chosen? Why or why not (be sure to useSwanson innovations, a small research and developments firm produces 16.5 times as many patents per employee as large fires. Which strategy for competitive advantage is the entrepreneur demonstrating? a. integrity and responsibility b. customer focus c. quality performance d. innovation e. niche market Typed and correct answer please. I ll rateWhy does Pinterest see Google as its biggest competitor? Why does Pinterest prioritize the smartphone platform while developing new features and products?
- 13. What is the economic argument that monopolies are most often less efficient than highly (say, perfectly) competitive producers? for managerial economics classBuilding a positive corporate image and handling or avoiding unfavorable rumors, reports, and incidents are all part of sales promotion. Select one: O True Falseempirical evidence? 2. In 1964 the United States banned television advertising of cigarettes. Is it possible that the television advertising ban increased the cigarette industry's profits? Explain.
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