Answer:
<h2>In this case,the answer would be option D. or It can be a source of competitive advantage for a period of time.</h2>
Explanation:
- In Production Economics,any organizational input in the production process can provide competitive advantage to any firm or company for a sustainable period of time only if it provides commercial or economic value to the firm or company,it is unique and it cannot be completely imitable or substituted through other equivalent resource/s by other market competitors.
- Therefore,if any organization resource or input is easily imitated then it cannot ensure long term or sustainable competitive advantage for any firm or company in the market.
- However,it can provide some temporary market advantage or competitive edge to any particular firm or company until the time it is fully imitated and implemented by its competitors or rivals.
Answer: The correct answer is "4. when a third party is injured by an economic activity".
Explanation: A negative externality is when a third party is injured by an economic activity.
Negative externality refers to all kinds of harmful effects on society, generated by production or consumption activities, which are not present in its costs. Negative externalities occur when the action taken in our activities as a company, individual or family causes harmful side effects to third parties. Such effects are not incorporated in all costs. Since the highlighted negative effects are not present in the price of production or of the profit when consuming.
Because in the future you will need to learn that especially if you want to have your own business
<span>Unrelated diversification</span>
Answer:
Controlling
Explanation:
One of the various responsibilities of a manager (management function) is controlling.
In the controlling function, which is usually preceded by other functions such as planning, staffing and leading, it is very important for a manager to control the activities of the subordinates to ensure that they are working towards organization goals, as well as rewarding employees for their good works and also putting them in check when they do not do a good job.
Cheers.
