Answer:
relate to their managers and deal with organizations from the outside
Explanation:
When you study management, you will understand the type of strategic planning that the company could implement along with the way the manager have to enforce the plan.
By having this information, you can have better understanding on what the managers want from you and act accordingly in order to win their favor. This will benefit you greatly if you want to rise in the corporate rank.
On top of that, knowledge in management also grant you with the ability to predict the plan of your competitors' management team. You can adjust your plan to counter this plan and win the competition in the market.
Answer:
$2 per-unit cost of production
Explanation:
since 20 units are produced and 10 units of input are used so,
divide 20/ 10 to get per unit cost of production.
20/10 = $2
Answer:
Planning management function
Explanation:
Planning is a management procedure which aims to identify objectives for the long term future of an organization and to determine the tasks and resources required in achieving these objectives. Managers should create a business plan or a marketing plan for achieving objectives.
Answer:
See attached picture.
Explanation:
See attached picture for explanation.
Answer:
firm can change output levels without having any significant effect on price.
Explanation:
In the case when we say that the firm is a price taker that means the firm has the power to change the level of an output but this does not have any kind of impact on the price. They accepted the price for the prevailing market and each unit could be sold at the similar market price. It could impact the market price also they enjoy the pricing power
Therefore the above statement should be considered
