Business, 24.03.2020 01:21, KKmax123

The operating profit benchmarks on p.6 of each issue of the GLO-BUS Statistical Review showing the industry-low: industry-average, and industry-high values for operating profit per camera sold in each geographic region

always merit close attention because when these benchmarks signal that a company's operating profit margins in one or more geographic regions compare unfavorably, managers are well-advised to take immediate corrective actions in the upcoming decision round.

are least valuable to the managers of companies whose operating profits per pair sold are below the industry average benchmark.

are of considerable value to the managers of companies looking for evidence that their company needs to cut entry-level and/or multi-feature camera prices and spend more money on advertising so as to increase unit sales volumes and gain a bigger share of the market for entry-level and/or multi-featured digital cameras.

have the greatest value to the managers of companies earning above-average operating profits per camera sold in one or more geographic regions.

are of little value to company managers in making decisions to improve company performance in the upcoming decision round because the benchmarking data do not identify which companies have the lowest/highest operating profit margins per camera sold.

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answered: Guest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answered: Guest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

answered: Guest

How can we answer it? we need more info on the question lol.

answered: Guest

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

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The operating profit benchmarks on p.6 of each issue of the GLO-BUS Statistical Review showing the i...