Answer:
Option (d) purchase-money mortgage
Explanation:
Option (d) purchase-money mortgage
A purchase-money mortgage is a sort of mortgage issued to the customer or buyer of the property, in which the owner or the seller of the property himself lends the load to the buyer to buy the property.
This type of condition arises usually when the buyer is not able to get the loan from the traditional channels like the bank due to various reasons.
This process is known as operations management. Operations management serves to foster the highest possible level of efficiency within an organization. It is an important practice of business management. The way operations management is carried out in any organization is varied and it depends on the types of goods and services that are offered.
Answer:
Shoe leather costs
Explanation:
(A) Shoe leather costs
(B) Inflation can be defined as the persistent rise in the prices of goods and services. Shoe leather costs can be defined as the costs of time and effort that are encountered by individuals while trying to prevent the effect of inflation. It describes the costs incurred by individuals that visits the bank often inorder to withdraw money needed to purchase goods and services during the time of inflation.
Shoe leather cost arises during the period of high inflation, individuals do not hold large amount of cash because there will be a reduction in the value of the money.
It is true that departmentalization by location allows an organization to readily respond to the unique demands of each geographical area.
The departmentalization by location is a strategy that organizations use to maintain departments in different locations where they operate, in order to deal more closely with the company's activities and needs.
This is a positive strategy that can speed up decision making, as each geographic area has different needs that must be addressed differently from the other.
So the statement is true and some of the advantages of departmentalization by location is improved communication, better allocation of employees and greater product promotion.
Learn more about departmentalization here:
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Answer:
The correct answer is d. lowering price.
Explanation:
Sustainable competitive advantages are company those abilities and traits that are difficult to duplicate or exceed; and provide a superior or favorable long term position over competitors.
Lowering price is good stratergy to compete with new competitors comming in the industry. However in long run you have to focus on building processes that generate value for customers and both internal and external stake holders.