Enable contrast version

Tutor profile: Liyu L.

Inactive
Liyu L.
Chinese teacher with 5 years of experiences
Tutor Satisfaction Guarantee

Questions

Subject: Marketing

TutorMe
Question:

How do consumers make decisions?

Inactive
Liyu L.
Answer:

1. The effort consumers put into problem-solving and making decisions varies. So, there’s a continuum: HPS - LPS – EPS 2. Our decisions likely to be extended when we’re highly involved 3. Our decisions likely to be almost automatic or habitual when we’re low involved

Subject: Economics

TutorMe
Question:

Unconventional monetary policies in the US and the Euro area: how successful?

Inactive
Liyu L.
Answer:

In the wake of the financial crisis, Central banks had been forced to review their implementation framework. In the process, people began to be the focus on unconventional monetary policies. It would be hard to deny that these policies had helped to stabilize conditions and cushion the fall in aggregate demand (Chen, Filardo, He, Zhu, 2015). At the same time, balance sheet policies also raised a lot of challenges for central banks. For example, they were under pressure to coordinate with public sector debt management operations when they purchased government debt. What’s more, they took on more financial risks when their balance sheets expanded. These costs show that unconventional monetary policies should be seen as special tools for special circumstances. These policies need governance arrangements that are designed to limit the risk (Borio, C., Disyatat, P, 2010).

Subject: Business

TutorMe
Question:

Growing small businesses need to adopt professional styles of management, while at the same time continuing to adapt to meet the challenges of changing business environments. Drawing on theories and examples from the course, critically discuss this statement.

Inactive
Liyu L.
Answer:

I agree with the statement of this topic. That is, growing small businesses need to adopt professional styles of management and also adapt to meet the challenges of changing business environments at the same time. Compared to the larger organization, growing small businesses have a limited amount of resources. Therefore, growing small businesses should use the Entrepreneurial Network to adapt as quickly as possible to the changing demands of that environment and devise suitable strategies for alleviating the consequences of any threatening changes. Based on Johannisson, the Entrepreneurial Network consist of three networks, including professional network, business network and personal network. By networking, growing small businesses can not only share information and test market ideas but also gain free intangible resources of knowledge. In addition, it is very important for small businesses to learn from their successes and failures. In other words, small businesses should learn from mistakes and accept negative feedback from the market. Whether the entrepreneur can overcome the problems with the network and the experiences during growth or not depends on the personality, motives, ability, and skills of the owner-manager (Breslin, 2016). If growing small businesses can obtain these abilities above, it will be easier for businesses to achieve the balance between the professional styles of management and the ability to meet the challenges of changing business environments at the same time.

Contact tutor

Send a message explaining your
needs and liyu will reply soon.
Contact liyu

Request lesson

Ready now? Request a lesson.
Start Lesson

FAQs

What is a lesson?
A lesson is virtual lesson space on our platform where you and a tutor can communicate. You'll have the option to communicate using video/audio as well as text chat. You can also upload documents, edit papers in real time and use our cutting-edge virtual whiteboard.
How do I begin a lesson?
If the tutor is currently online, you can click the "Start Lesson" button above. If they are offline, you can always send them a message to schedule a lesson.
Who are TutorMe tutors?
Many of our tutors are current college students or recent graduates of top-tier universities like MIT, Harvard and USC. TutorMe has thousands of top-quality tutors available to work with you.
BEST IN CLASS SINCE 2015
TutorMe homepage
Made in California by Zovio
© 2020 TutorMe, LLC
High Contrast Mode
On
Off