Reflect on why some products become substitutes
Discussion:
Elasticity Paper
Reflect on why some products become substitutes and why some are complements (e.g. hot dogs and hot dog buns).
Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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What conflicts does this set up that could have detrimental long-term consequences for the organization.
Briefly explain the double taxation problem and how paying large salaries to owners avoids it.
What conditions exist when economic profits are maximized? What is the difference between economic and accounting profits?
What are some of the industry trends that are affecting the organization overall? Is the industry growing, or declining?
Discuss the principle role of human resources in an organization and how human resources can provide critical advice and counsel to the organization
Analyze the sources of finance and the capital structure of the company. Comment on the short- and long- term financial strategy of the company.
Explain how Human Resource functions relate to organizational development.
How do the concepts of microeconomics help you understand the factors that affect shifts in supply and demand on equilibrium prince and quantity?
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