To Find the Approximate Number of Years It Takes the Economy

question 123

Multiple Choice

To find the approximate number of years it takes the economy to double:

• A) divide its growth rate by 70.
• B) divide 70 by its growth rate.
• C) divide its growth rate by 100.
• D) multiply its growth rate by 20.

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Definitions:

Managerial Strategy

The set of actions, plans, and policies devised by management to achieve competitive advantage and meet organizational goals.

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Cost

The amount of money required to purchase something or the expense associated with producing a service or carrying out a project.

Business Strategies

Comprehensive plans crafted by organizations to achieve competitive advantage, meet customer needs, and ensure long-term profitability and growth.