Answer:
Profit Maximisation
Explanation:
Profit is the difference between total revenue (receipts) from sale & total cost (expenditure) on production.
Total Revenue = Price x Quantity ; Total Cost = Average Cost x Quantity
Economists study all the producer behaviour, based on assumption that : Goal of firm is Profit Maximisation.
Maximising Profit implies maximising the difference between Total Revenue & Total Cost [ TR - TC] . This further leads to producer equilibrium rule of Marginal Revenue = Marginal Cost [MR = MC] ; i.e additional revenue per unit sold equals additional cost per unit production.
Answer:
it acts as a stimulus to a market
Explanation:
an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.
I hope this helps
Answer:
The correct answer is d) Administrative linkage
Explanation:
Business planning is one of the basic pillars on which the Business Plan is to be sustained: Commercial planning is a part of the strategic planning of the company, which aims to develop action programs to achieve the objectives of Company marketing
.
For the objectives to be met, the company must organize all available means and establish the corresponding strategies.
The other day, someone asked me about the last time my ethics had been tested at work and how I reacted.
I wasn’t sure how to respond. It’s a good question, and I wanted to answer it. Still, I hesitated to reveal too much about some of the less-than-honest bosses I’ve reported to in the last two decades.
These are bosses who lied, gossiped about their staff to other staff, broke confidences, fudged numbers to governmental agencies, botched payroll tax withholdings and covered it up, and willfully and recklessly turned a blind eye to leadership abuse — for starters.
