Answer:
e) Gender balance
Explanation:
Gender balance in the board is good for maintaining equality in decision making. It also enables a culture to exchange ideas and diverse board will help in healthy discussions. It also enables a good image of company and helps reduce negative sentiments of multiculturalism among the employees and other stakeholders. It improves company performance with a variety of skills of various directors and brings good and positive impact to the company.
Answer: A low-cost provider strategy
Explanation:
The low-cost provider strategy is a marketing strategy where the marketer makes his product the lowest priced in a very competitive market while still being able to make profit.
The low-cost provider strategy would be the best sales strategy in a price competitive market, as it would draw most buyers to the seller.
A decline in the growth rate of labor productivity means that the growth rate in the number of goods or services that can be produced by 1 hour of work has declined.
<h3>What is the labor productivity growth?</h3>
This is used to refer to the growth in the output. This is measured by increase in workers productivity per hour.
It is what causes them to produce more than they would given the number of work hours available.
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The basis of competition is freedom of choice exercised in the pursuit of money.
<h3>What is competition?</h3>
Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.
The purpose of competition is for businesses to try to outdo each other in order to earn more.
Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.
Hence, the basis of competition is freedom of choice exercised in the pursuit of money.
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Answer:
1) The cost of something is what you give up to get it
Explanation:
As it can be seen that for opting one service the person should leave the other activity that we called as an opportunity cost
In the given situation, since it is mentioned that Janet can earn $10 per hour and for pool she has to pay $4 as an entrance fee
So here the sacrifice is made with respect if one activity is selected
Therefore the option 1 is correct