Businesses achieve superior financial returns by choosing a…

Businesses achieve superior financial returns by choosing a rule of thumb that leverages cost efficiencies, differentiation, or innovation. The framework that explains this decision-making is known as . Organizations today are increasingly assessed based not only on their financial outcomes but also on their impact on society and the environment. This evaluation method is called the . A group of competing firms that produce similar goods or services and serve the same customer base is collectively known as a(n) . Once a strategy has been developed, organizations must put it into action by allocating resources, designing structures, and aligning operations with strategic goals. This phase is known as . A is any individual, group, or entity that has an interest in or is affected by a company’s decisions, operations, or performance. This includes employees, customers, suppliers, shareholders, and even communities and government agencies. The overall concept for how a company organizes itself and all its activities to conduct business successfully, outperform competitors, and deliver superior returns to its shareholders is known as .

Using the article from  The Economist (April 18th, 2023)  ti…

Using the article from  The Economist (April 18th, 2023)  titled ” Bolivia is on the brink of an economic crisis:  Out of gas and good ideas” write an essay between 450 and 600 words. Your essay should include at least three different well-explained macroeconomic concepts* and address the following question:   In the past, Bolivia experienced economic growth,  due in large part to their natural gas exports.  However,  today,  this growth has not been sustainable.  What are the events and policies that have led to Bolivia’s economic crisis?    If you were to advise Bolivia’s government on what to do,  what would that be and why?   In your essay, you will want to consider:  a) Bolivia’s economic relationship with other nations b) Macroeconomic concepts to show  the inter-relationship between trade, output, growth, exchange rates, inflation and unemployment c) Bolivia’s opportunity cost of borrowing to meet current demands Suggested terminology includes GDP (along with its components), unemployment, output gap, consumption, savings taxes, budget position, monetary policy, fiscal policy, trade and currency changes as well as the algebraic relationship between the components of AD. Criteria: Show understanding of theory and application by using the article for illustrative purposes. Define all economic terms you use in your essay. It is better to define your terms directly in your essay. State your assumptions clearly and explain every cause/effect Incorporate as much economic analysis as you can to show your understanding. Refer to the article(s) by including (Economist) after your reference. Same with the textbook. (McConnell) is sufficient. A clever title adds value, especially if it give me an idea of what your essay will focus on Do not summarize the article but it is important to give examples from the article *a macroeconomic concept can from anywhere in the course and should be referenced (textbook, chXX) when you use it