Answer:
c. 0.59
Explanation:
Correlation co-efficient refers to a statistical measure that computes the strength of a relationship between two variables. It does not have a unit like meter per second or months per pound. A correlation co-efficient of 1 means that there is a strong and positive relationship or direct relationship, while a negative correlation means an inverse relationship.
Answer:
A) customer value marketing
Explanation:
Customer value refers to the value that our customers assign to the products or services that our company sells them. In other words, is the cost of our product or service offset by the benefits that we receive from consuming it. As long as the equation is always favorable to our side, i.e. perceived benefits > cost of our product, our customers will continue to purchase our products or services.
Customer value marketing tries to continuously increase the customers' perceived benefits, therefore always keeping the equation favorable to our side.
Answer:
Market : Gasoline
b. Standardized good
c. Full information
e. Participants are price takers.
Market : Barbershop haircuts
a. Large number of buyers
c. Full information
Market : Bicycles
a. Large number of buyers
b. Standardized good
c. Full information
d. No transaction cost
Explanation:
The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.
Answer:
A. Merit Pay - 2. Equity Theory
B. Gain sharing 3. Goal-setting Theory: Unit-Focused
C. Piece-Rate Systems 4. Goal-setting Theory: Individual-Focused
D. Recognition Awards 1. Expectancy Theory Instrumentality
E. Lump-Sum Bonuses 5. Extrinsic Motivation
Explanation:
Employee motivation is dependent on many factors. A person may be motivated just if his work is appreciated. He feels that his work is appreciated and for this reason he is motivated to perform better. Some people consider pay rise or monetary rewards as their motivation factor. Some people finds more authority as their motivating factor. They feel motivated if they are given more challenging work and more authority.
