Describe how the concept of competition to the economy

1 answer:

7 0

condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.

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It might be a good idea to expand or upgrade a firm's human capital base during a ______, because unemployment is high and there

butalik [34]

It might be a good idea to expand or upgrade a firm's human capital base during a downturn, because unemployment is high and therefore human capital is abundant and wages usually fall.

Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.

The information, skills, and health that people invest in and amass throughout the course of their life give them the opportunity to realize their potential as contributing members of society.

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2 years ago

Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent

Leni [432]

Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.

The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)

Data and Calculations:

Planned sales for June, this year = $120,000

Actual sales for June,last year = $110,000

Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)

Thus, the planned percentage increase in sales for the month is 9.09%.

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3 years ago

Explain the role of an Equality Officer in industrial relations

oee [108]

Explanation:

that the company and employees are apply by all government equal rights laws

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2 years ago

Which one of the following statements correctly states a relationship?

Anon25 [30]

Answer:

Explanation:

i think

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3 years ago

The first step in process flowcharting is to__________ A. draw the flowchart. B. break the process down into blocks. C. assemble

stepladder [879]

Answer: D. Select an appropriate transformation process for analysis

Explanation: A flow chart also known as a flow diagram is a schematic representation of how the different stages in a process are interconnected in sequential order. flowchart is a picture of the separate steps of a process in sequential order. It can be adapted for a variety of purposes including manufacturing, administrative, services processes or project plans. The first step in flowcharting is to select the appropriate transformation process for analysis. This involves defining the processes to be diagrammed, discussing and deciding its boundaries or limits: where it would start, where it would end etc. to drawing several major blocks that represent the most important steps in the process.

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3 years ago