Question

What is one of the reasons suggested by Alfred Marshall for why firms tend to cluster together on a geographic basis?

• Technological information can be readily shared.

• Efficiency improves as the result of cumulative experience.

• Competition will not enter the market.

• Production costs decline as facilities get larger.

What is an example of an external force that can affect a company’s environment?

• The manufacturing plant purchases new equipment to automate a process.

• The marketing department decides that online advertising will work best for a new product introduction.

• A human resource professional meets with staff to discuss hiring temporary help.

• The newly-elected governor decides to raise property taxes.

This country engaged in many privatizations in the aftermath of the 2008‒2009 financial crisis.

• the United Kingdom

• Portugal

• Greece

• Germany

The stakeholder theory operates on

		the cooperation of all who have a vested interest in the success of the business.
		the assumption that hierarchical decisions and command and control are best.
		a network of tensions—the competing internal and external demands that form the business context.
		a socialist premise that business has obligations to society at large.

Select the best option. And please answer all 4 questions so I can study, Thank you.

Answer 1

1.According to Alfred Marshall firms tend to cluster together on geographical basis, so that Technological information can be readily shared. When firms cluster together on geographical basis they get benefits in the form of sharing technological information and this results in corresponding enhancements of rate of innovation.

2,The newly-elected governor decides to raise property taxes. This is an example of external force affecting company's business environment.With the raising of property tax can affect profits of firm. Accordingly it may have to raise the price of product which will be burden for the consumers and can result in loss of customers, thus affecting the profitability of firm.External factors are things outside a business that will have an impact on its success. Their impact can be positive or negative. A business cannot control external factors

3. Greece engaged into massive privatization after 2008 to 2009 crisis. Greece was in huge financial crisis after 2008 - 2009. So, to come out of this crisis it adopted massive privatization.The measures required Greece to privatize many state-owned businesses such as electricity transmission

4.The stakeholder theory operates on a network of tensions—the competing internal and external demands that form the business context.Stakeholder theory holds that a company’s stakeholders include just about anyone affected by the company and its workings. As per this theory a company is liable to demands of stakeholders like customers, government, society , shareholders etc.