The division of productive activities among persons and regions so that no one individual or area is totally self-sufficient is known as specialization.
Specialization is a business technique used to concentrate on producing a very narrow range of goods or services in order to achieve maximum productivity, subject-matter knowledge, and industry leadership. Specialization used businesses claim to get higher returns on their investments. Specialization is the antithesis of diversification, which is when a business expands outside of its primary business. Regions of a nation or even entire countries may be considered specializations. Many nations worldwide focus on producing or providing services that are unique to their region while importing other products and services.
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When the supply of a commodity decreases while demand remains same then the same price tends to increase.
Given that the supply of a commodity decreases while the demand remains same.
We are required to find the effect of decrease of supply on the price of the commodity if the demand remains same.
Supply is the amount of good that the producer manufactures and sends to the market.
Demand is the amount of good that the consumer wants to consume.
When the supply of a commodity decreases,the supply will shift leftwards. The demand remains same then from the graph we can find that the price of the commodity increases from P to P1.
Hence when the supply of a commodity decreases while demand remains same then the same price tends to increase.
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Answer:
a
Explanation:
'Low-cost leadership' can be a competitive advantage as a company can sustain this advantage over a period of time and until it is producing economies of scale
Answer:
12 months
Explanation:
The fiscal or financial period of a business lasts for 12 months or one year. It means that at the end of that 12 months, the business prepares its financial statement to determine its profitability. The business assesses its growth, success, and failure for the period.
After evaluating performance, planning for the next period of 12 months begins. The entrepreneur prepares a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and reviewed every year together with the other budget items.
Answer:
Correct Answer:
This is an anti-pattern because of the following:
1. The time it would take to plan work for the IP iteration during PI planning
2. The time it would take to wait for the IP iteration to fix defects
3. Too much time that is going to be spent analyzing each features
Explanation:
