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ira [324]
2 years ago
10

Economics is a social science that studies how individuals, institutions, and society may:

Business
2 answers:
Anna [14]2 years ago
4 0

Answer:

The correct answer is letter "C": Best use resources to maximize satisfaction of economic wants.

Explanation:

Scarcity is the elemental economic problem by which individuals have unlimited needs but only limited resources to satisfy them. This scenario leads to trade-offs. People will have to sacrifice part of the satisfaction of one good so the satisfaction of another can also be fulfilled.

<em />

<em>Scarcity pushes individuals to allocate their resources efficiently.</em>

I am Lyosha [343]2 years ago
3 0

Answer:

C. Best use resources to maximize satisfaction of economic wants

Explanation:

Economics is a social science that studies human behaviour in relation to ends and scarce means resulting in alternative uses. This definition by Lord Robbins deals with the basic concept of economics.

Human wants are unlimited however, the resources available to satisfy these wants are limited hence choices have to be made in other of importance for the allotment of the limited resources in satisfying the unlimited wants resulting in scale of preference and opportunity cost.

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Which dimension of empowerment would most likely be experienced by people who feel they have some active control over the enviro
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Dimension of employee empowerment experienced by people who feel they have some active control over the environment is Feeling of impact.

The process of giving employees in an organization the power, authority, responsibility, resources, and freedom to make decisions and solve work-related problems is known as empowerment. They are given sufficient authority and resources to take such initiatives and decisions.

Employee empowerment encourages them to reach their full potential. On the other hand, empowerment entails relinquishing control over employees and allowing each employee to make decisions, set goals, achieve results, and receive rewards. It entails preparing a person to manage on his or her own. It is a process that assists the right people at the right levels in making the right decision for the right reasons.

Feeling of impact - Empowered employees see themselves as active participants in the organization and believe they have influence over key strategic, administrative, and operational decisions.

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8 0
1 year ago
even though an open innovation model enables the firm to take advantage of external innovation conducted by other firms, it does
irina1246 [14]

False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.

<h3>What is Open innovation model?</h3>

Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."

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7 0
1 year ago
A company currently has no items in inventory. The demand for the next four months is 200, 400, 250, and 350 units. Assuming a l
pav-90 [236]

Answer:

Ending invetory= 200 units

Explanation:

Giving the following information:

A company currently has no items in inventory. The demand for the next four months is 200, 400, 250, and 350 units. Assuming a level production rate of 350 units per month.

<u>Production - Sales= Ending inventory</u>

350-200= 150

(150 + 350) - 400= 100

(100 + 350) - 250= 200

(200 + 350) - 350= 200 units

Ending invetory= 200 units

7 0
3 years ago
One advantage of increasing your own responsibilities is that you
lara31 [8.8K]
The answer is: A - have more control.
3 0
2 years ago
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Tony’s business has been struggling for a while his marketing strategy has not worked with the consumers his business has reache
Kisachek [45]

Answer:

selling

Explanation:

7 0
3 years ago
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