List the Three Essential Elements of Learning Objectives, and Write

question 10

Essay

List the three essential elements of learning objectives, and write a learning objective that includes all three elements.

Recognize the importance of estimating customer demand in strategizing marketing and resource allocation.

Examine how specific product characteristics and market dynamics affect demand.

Understand how price elasticity influences revenue strategies in response to changes in demand.

Understand different market entry strategies for international business expansion.

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Definitions:

Contingent Assets

Possible assets that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of certain future events not wholly within the control of the company.

Constructive Obligation

An obligation that derives from an entity’s actions where: (a) by an established pattern of past practice, published policies or a sufficiently specific current statement, the entity has indicated to other parties that it will accept certain responsibilities; and (b) as a result, the entity has created a valid expectation on the part of those other parties that it will discharge those responsibilities.

Legal Obligation

A duty enforceable by law, deriving from statutes, contracts, or legal precedents.

Equitable Obligation

An obligation based on fairness, ethics, or natural law, rather than on a contractual or legal requirement.