Answer:
value network
Explanation:
In simple words, A value system refers to the graphical representation of the technological and social tools and how they are used within / around organisations. The points represent the public in a network of values. The entities are linked by means of connections representing goals and objectives. These outputs may be objects, information or income.
Answer:
greater than economic profit because the former does not take implicit costs into account.
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
an example
revenue = 100
explicit cost = 50
implict cost = 20
accounting profit = 100 - 50 = 50
economic profit = 50 - 20 = 30
economic profit is less than accounting profit
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Answer:
fixed-position layout
Explanation:
Based on the information provided within the question it can be said that the layout that is being used at Jorah's workplace is a fixed-position layout. This type of layout refers to the project/product staying in a fixed position and the workers go to the product site in order to build it. Which is what Jorah does by going to the factory where the train coaches are assembled.
Answer: obtain verbal commitments, as people often feel obligated to follow through with promises they make with others.
Explanation:
A coalition involves two groups of people coming together to join resources and ideas to achieve a common goal.
A form of agreement should be done before undergoing a coalition: The agreement which could be verbal or written is done to give the parties to the coalition a form of commitment to it.
Yes, I would like to operate a hotel because I believe it will help me improve my management skills. If done right, a hotel can have a huge return on investment. Unfortunately, starting a hotel costs a considerable amount of capital.
