Answer:
The true statements regarding the market are:
1) The cupcakes are priced below their equilibrium level. This is evident as excess demand exists, which wouldn't be the case at the equilibrium price.
3) Customers getting cupcakes are those who value them the most, seen through their willingness to queue before the bakery opens.
4) The bakery does not rely solely on price for distributing cupcakes. Timing plays a role; only those who arrive early get them.
Statements (2) and (4) are incorrect because those conditions only hold true at the equilibrium point.
Answer:
Which one of the following statements about competitive advantage sources is true?
It is feasible to enhance both quality and speed.
Explanation:
Enhancing quality while simultaneously increasing speed is achievable; competitive advantage leads to improvements in quality due to competition from other entities, as well as a faster pace to surpass rivals.
The donation of 5% of Target's annual revenue towards community initiatives exemplifies social responsibility.
This concept of social responsibility involves ethical obligations and civic duty. Through these contributions, Target enhances societal well-being while balancing its growth with community welfare.
The correct choice is A. The Mars Climate Orbiter met with disaster on Mars's surface because one program calculated thrust in foot-pounds while another anticipated it in newtons. The Mars Climate Orbiter, part of NASA’s Mars Surveyor '98 initiative, failed in its mission to analyze the Martian climate. Designed as a satellite to relay information for the Mars Polar Lander, after that lander malfunctioned, it was meant to continue studying Martian weather patterns. The orbiter was lost when a navigation error caused it to enter an orbit too low, leading to its destruction from atmospheric stresses. An inquiry revealed that some thrust data were computed in English units while the navigation team was using SI units.
