Administrative restructuring; done at managerial level for effective decision making and delegation of power down the order.
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Explanation:
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According to the narration given in the above statement the general manager is of the view that too much layer of manager will hamper the decision making and effective delegation of work.
So, after a detailed study of manager’s role and responsibility at the level he decided to downsize the structure from 10 managers to 3 managers who will report to him for making effective decisions.
He has delegated power to the new managers and by doing so it has reduced the burden of the Joe. By doing this the organisation objectives and goals can be met at the targeted time.
Answer:
b) both the values that society places on those products and the costs to society of producing those products
Explanation:
When the "invisible hand" guides economic activity, prices are known as equilibrium prices.
Equilibrium price is found where the demand curve intersects with the supply curve .
Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.
I hope my answer helps you
Answer:
see below
Explanation:
1. Personal Savings
The sole trader can invest his savings into his business for expansion. A sole trader who is confident about his business's prospects will be prepared to invest additional savings into the business for growth. The use of savings relieves them from the strain of interest payments and enables them to retain full control over the business.
2. Sale of Assets
Should a sole trader require funds to expand their business, they opt to dispose of some of their assets. If the trader does not have savings or retained earnings and have a property registered in their name, they may decide to sell it to raise capital.
