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OLEGan [10]
2 years ago
6

A rigorous framework for understanding the detailed operations of a business is known as:_______

Business
1 answer:
Oxana [17]2 years ago
5 0

Answer:

entrepreneurship=ans

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Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C
zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

7 0
3 years ago
Use your knowledge of management functions to correctly answer the following question. As you sit at your desk on your first day
snow_lady [41]

Answer:

planning                                                  

Explanation:

Planning is the method of focusing on the actions needed to achieve a specific purpose. Achieving desired outcome is the first and probably most important activity. This involves creating and managing a strategy, like psychological side that include analytical competencies. There are indeed a few assessments to assess the skill of someone to plan effectively.

The planning process has been extensive and is appropriate for many professions. There are different kinds of strategies in each sector that help businesses achieve productivity and efficiency. An important element of planning, though often neglected, is the connection it has to forecast.

4 0
3 years ago
You are a Geographic Information System (GIS) specialist who normally works at the Public Works Planning office. You are directe
algol13

Answer:

Chain of Command and Unity of Command

Information and Intelligence Management

Explanation:

Chain of Command dives into the hierarchical structure of the organization and Unity of Commands refers to the fact that every individual has a designated supervisor that they report to. This is supported by the information given because you report to the Planning Section Chief.

On the other hand, because you are producing maps you support the Information and Intelligence Management which deals with "gathering, analyzing, assessing, sharing, and managing incident-related information and intelligence."

For more information check the following page: https://emilms.fema.gov/IS100c/groups/133.html

8 0
3 years ago
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The practice of building ties to customers based on a salesperson's attention and commitment to customer needs over time is refe
motikmotik
Engineering is the practice of building
6 0
3 years ago
In a student database, a student ID number is the
Shtirlitz [24]

D) Key


a student ID number is the Key

5 0
3 years ago
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