Answer:
b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.
. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64.
Explanation:
Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.
Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.
Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.
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Firms that can employ and establish <u>isolating mechanisms</u> are more likely to protect their competitive advantage from being copied and/or eroding away.
Isolation mechanisms:
A company is able to maintain its competitive edge for a longer period of time if it can stop a rival from copying the resource or capability that provides it that advantage. Isolation mechanisms is the name of this technique. For instance, a patent is a legitimate tool to stop imitation.
A firm's objective is to have a prolonged competitive advantage when a resource or capability gives the firm an advantage over competitors for an extended period of time. The industry will determine how long a company can preserve a competitive advantage.
If a business can maintain a competitive edge for a year in a fast-moving field like information technology or quick fashion, it may be quite happy. In an industry with less frequent changes, such as feminine hygiene, a persistent competitive advantage may remain considerably longer.
A sustainable competitive edge cannot be maintained by any company indefinitely. The competition is constantly working to improve its own competitive edge.
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Answer:
True
Explanation:
The SDS ( RIASEC MODEL) is a direct product of a theory of personality types and environmental models developed by John Holland.
It proves that you can use your three-letter Summary Code to locate occupations (or fields of study, or leisure activities) that correspond best with your personality and thus are most likely to satisfy you.
B. False, the employer is looking to hire the people with the most eye catching and outstanding application, if you have an application in that doesn't have all the information on it or forgetting to capitalize your name could make them pass right over your application and go back to it if they have any open spots.
Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.
The following information should be considered:
For shareholder:
- It is the owners of the company,
- It could be equity or preference shareholder.
- It should be considered when they are limited by shares.
For stakeholder:
- They are not the owners but have an interest in the company.
- Each company contains the stakeholder.
- It includes the creditors, government, etc.
- It should be considered for the performance of the company.
Therefore we can conclude that Stephen should be more concerned with the shareholder management theory and Karishma should be more concerned with the stakeholder management theory.
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