Examlex
Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for the Princess cruise line. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs wenches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy because of perceived costs. Joseph Harris is the company's best salesperson. Harris is making a sales call on the manager of a theater that is planning to perform three plays this season that include complicated lifting, flying, and a working trapdoor. The manager is aware of the time, labor, and monetary costs involved in staging these productions and wishes there was an easier way to produce the three plays.
During the sales presentation to the theater manager, Harris makes a strong selling point about the benefits of the Stage Technologies system. At that point, Harris should most likely:
Inflationary Expectations
The anticipation by consumers and businesses of future inflation, which can influence economic behavior such as spending, saving, and investment.
Potential GDP
The maximum output an economy can produce without triggering inflation, if all resources are fully employed.
Active Approach
A strategy in investment or management that involves ongoing, dynamic decision-making and actions in order to achieve specific objectives.
Economic Stability
Economic stability refers to a state where an economy experiences steady growth, low inflation, and minimal unemployment.
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