Author Question: Tiffany needs to assess the market risk in order to decide when to launch a new product. He decides ... (Read 89 times)

segrsyd · **on:** Jun 30, 2018

Tiffany needs to assess the market risk in order to decide when to launch a new product. He decides to delegate the task of risk assessment to Joe who is a competent employee of the firm. Which of the following conclusions can be drawn from this?
a. Joe has the required tools and resources to carry out the order.
b. Joe is above Tiffany in the hierarchy of this firm.
c. The chances that Joe's assessment will be accurate are very high.
d. Tiffany is well equipped to analyze the information he passes on to Joe.

Question 2

Firms in perfect competition sell differentiated products.
Indicate whether the statement is true or false