Answer:
The correct answer is the option C: the product is now relatively more expensive than it was before.
Explanation:
To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.
Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.
<span>You would want to get a broadband internet based phone that's based off a Linksys modem system. A multiple line phone per employee/contractor with voice mail capacities would be a must. For contracted employees (those who work for the business, but are not office-based) need mobile cell phones with the internet, email, and group and individual capabilities so they can be reached easily.</span>
Answer:
Participative.
Explanation:
Participative leadership is the process of influencing people to direct their efforts toward the achievement of some particular goal or goals. Participative leadership can be different depending on organization, purpose and situation but there are common patterns in all types:
- Leader always facilitates the conversation.
- Leaders share any information and necessary knowledge for decision-making.
- Leaders encourage others to share their ideas.
- Leader must take all information and solutions by the team and synthesize.
- The leader comes up with best solution based on group information and communicates the solution to the group.
Participative leadership consist of one of the four types of participative decision making.
* Democratic (Participative) – Encourages participation of all members but final decision is made by leader.
* Collective – All decisions are taken by the group and responsibility for the decisions also rest on entire group.
* Autocratic – Possible solutions are brainstormed collectively but leaders are responsible for final decision. Different from democratic as autocratic is goal oriented while democratic is people oriented.
* Consensus – Leader gives up responsibility and control of decision making to the group.
Answer:
From the strategies provided, the correct debt strategies that will help a corporate borrower eliminate credit risk are strategy 1 and strategy 2, which are; Strategy #1: Borrow $1,000,000 for three years at a fixed rate of interest of 7%. and Strategy #2: Borrow $1,000,000 for three years at a floating rate of LIBOR + 2%, to be reset annually. The current LIBOR rate is 3.50%.
