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fgiga [73]
1 year ago
14

Discuss the implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market sys

tem
Business
1 answer:
jasenka [17]1 year ago
4 0

The implications of discarding the profit maximization assumption for the effectiveness and efficiency of the market system relate to the imbalance of the economic laws of supply and demand, which is responsible for the sustainable functioning of the market.

<h3 /><h3>What are profit maximization assumptions?</h3>

It corresponds to the theory that the main purpose of a company is the maximization of profits, with decision making based on this purpose, identifying the best market opportunities and the strategy associated with this objective.

By developing a profit maximization strategy, companies become more competitive and aligned with demand and its characteristics, making the offer balanced, with the allocation of resources necessary for effective fulfillment of demand.

Therefore, the balance of supply and demand helps in sustainable production and pricing, developing the economy and the global market.

Find out more about profit maximization here:

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Corey wants to reorganize the company. Currently there are HR units at each plant, fiscal units at each plant, and purchasing un
algol [13]

Answer:

Yes.

Explanation:

The company currently has HR units, fiscal units, and purchasing units at each plant. This can be costly for the company since all these units incur cost and have to be paid for separately.

By centralizing the operations, that is, bringing these functions together in one location, Corey will need fewer employees. Hence, he shall be able to save costs by having to pay lower salaries. Moreover, there shall be greater consistency as work across various plants shall not be done by the same employees.

Although the costs of travel shall increase for the company, the cost savings in the form of lower salaries should definitely outweigh this increase.

7 0
3 years ago
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when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, what type of prici
VashaNatasha [74]

when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, a two-part pricing strategy is a firm employs.

Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment.

A product is an item or service sold to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).

Learn more about the product  here

brainly.com/question/25922327

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3 0
2 years ago
Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".
AleksandrR [38]

Answer:

let him put it where he won't see them until It is enough for buying his wants

4 0
3 years ago
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Online and offline marketing content is meant to drive action, which requires a focus on buyers problems. Effective brand journa
Elena-2011 [213]

Answer:

Stories  

Explanation:

Stories are the stuffs that the people hear about and like to discuss about. Stories are part of the organization culture and are a good means for an organization to affect customer choices because the issues of the customers are highlighted which helps organization to rectify its operations.

7 0
3 years ago
What term describes information that is sent to recipients without their request via reports, e-mails, faxes, voice mails, and o
jarptica [38.1K]

The term " Push Communication "describes the information that is sent to recipients without their request via reports, e-mails, faxes, voice mails, and other means.

<h3>What is the difference between pull and push communication?</h3>

When an urgent reaction is not needed, push communication is appropriate. On receiving the message, the addressee does something, though. Informational communication is a type of pull communication. The message is communicated by the sender via websites, bulletins, etc.

In push communication, the sender pushes information in one direction to the receiver. The most frequent use of it is to provide expected, non-urgent information. Push communication is typically communicated in writing and does not require a prompt reaction from the recipient.

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3 0
2 years ago
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