Before implementing team processes as the standard way of doing business, managers are well advised to

1 answer:

3 0

The managers are well advised to train the workforce in conflict management.
One massive advantage of working in a team is that the employees will be able to cover each other weakness and make them able to accomplish a larger amount of projects within shorter period of time.
But, the downside of working in a team is that occasionally, team members may experience conflict/disagreement with one another that may threaten the productivity of the team if not handled properly.

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Economies of scale a. require inputs' MPP to fall as output increases (everything else equal). b. pertain to the long run only.

lidiya [134]

Answer: Economies of scale pertain to the long run only.

Explanation:

Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.

Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.

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3 years ago

When making additional business decisions management should consider?

Delvig [45]

Maybe how long you’re willing to be committed to that certain job or your goals in life so they are able to take you seriously.

This is just a guess btw but I hope this gave you an idea. :)

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3 years ago

The discovery of natural gas in the american midwest should lead to a(n) ____ in the price of land because of a(n) _____ land.

kodGreya [7K]

The discovery of natural gas in the American Midwest should lead to an increase in the price of land because of an increase in demand for the land.

The law of demand and supply explains how demand and supply are related to each other and how that relationship affects the price of goods and services. As the law explains that when demand for a product increases, and when supply is limited, so in this situation prices tend to rise.

Here, by the discovery of natural gas in the American Midwest, the prices of the land increased, this happened because of an increase in demand for the land. So when demand increased the price also increased.

Hence, the relationship between demand and supply is it important.

To learn more about demand here:

brainly.com/question/10782448

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2 years ago

By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods

Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

Quotas limits placed on the quantity of goods leaving a country.

Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

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3 years ago

10) Financial intermediaries can substantially reduce transaction costs per dollar of transactions

goblinko [34]

Answer: D) economies of scale.

Explanation:

Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.

Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.

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3 years ago