At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
The Silo Mentality in a business is something that lean-agile leaders are trying to break down. The silos in a business prevent the free-flowing exchange of information within groups. This results in a Silo Effect, which in turn, limits interactions between members, teams, and departments. Having this mindset in place within a company reduces productivity.
As Lean-Agile Leaders, they are enablers for the different teams within a company and they're lifelong learners aiming to further develop the people in an organization alongside the organization itself. By connecting the silos business, system engineering, hardware, software, test, and quality assurance they can increase productivity & increase their rate of success.
Answer:
what managers think costs should be
Explanation:
Standard cost systems are based on what managers think costs should be as opposed to actually using the prices based on what they should be. The managers accomplish these prices by estimating the costs that will be incurred by the business during the production process and then creating the costs based on their estimations.
The answer is threat and Chegg says that as well