This scenario highlights a specific business practice known as <u>reciprocity</u>.
<h3>What is reciprocity</h3>
Reciprocity can be defined as the process in which two companies engages in a business transaction with one another by buying product from each other . This simply means that companies A buy product from company B and company B return the favor by buying a product from company A.
Based on the given scenario the both companies engages in what is called reciprocity by exchanging business transaction with each other.
Therefore this scenario highlights a specific business practice known as <u>reciprocity</u>.
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Answer with Explanation:
<u>Risk which can’t be mitigated</u>: The risks that the share price would fall due to sudden political environment instability or events that effects the economy will definitely affect the business operations as well. Thus are the risks that can not be mitigated at all. Another example would be Corona virus implications on the operation of the company which is again a risk that can't be mitigated.
<u>Risks, that aren’t worth the effort to reduce the exposure any further: </u>
The part of the sentence talks about the risk exposure which says that if the company doesn't resides in an area which is not prone to seismic activity and the chances of earthquake in a country is below 0.000001% which is almost negligible but still it is worthless to purchase the earthquake insurance. As this risk is almost negligible hence it is not worth the effort to reduce the exposure any further.
<u>Risks that wouldn't be addressed in short term due to other priorities: </u>
The risks that will not occur in the next 12 month, can be addressed after 6 months and thus allowing the company to prioritize the risks that must be resolved first. This means that if their is a risk that one of our several products that would be launched after 12 months from now will not be winning customer market can be addressed after 6 months because it is dependent on our future action. If we don't launch our product, our product is not rejected by the customer. Hence situations like this allows us to prioritize our risks.
The correct option is (c) no legal barriers prevent a firm from entering an industry.
No legal barriers:
Non-legal writing non-legal careers anything unrelated to the law or the legal profession.
Because, the industry is free and flexible for enter and exit and no other government interventions will be applicable in that free entry no barriers is there and movability will be
for any industry.
Not option (a) Because, the government really levies admission fees for certain types of businesses due to the legal issues surrounding certain businesses and fields, hence they never reimburse the fees.
Not option (b) because, Because it is a government supported program and private businesses cannot participate for free, only semi-government or completely government can do the same, government financed research never helps in sustaining in lower cost patients and hurdles.
Not option (c) because, If a company is operating a successful and reliable business, its marginal cost cannot be zero, and thus will normally not provide free entrance into any industry or type of business.
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Answer:
The average length of his calls will stay the same. It's the cost that would change, not the length
Explanation:
Answer:
A) Production deviance.
Explanation:
Workplace deviance is a group psychology concept that refers to deliberate intention to cause harm to an organisation, to a workplace specifically.
In other word, it's a voluntary behaviour that violates organisation's norms.
Particularly, in this case, it's a production deviance, because not working right amount of hours will cause production problems, since that Andy works at a shoe manufacturing.