The internet would be a good one.
Answer:
c. Minimum "price" that is above equilibrium price
Explanation:
if the minimum wages is below equilibrium then it will be ineffective as there wasn't any agent willing to trade his labor at this rate.
The minimum wages must be placed above equilibrium to be effective. This will force both, laborers who were willing to work for less and employees whose intention were to pay less than minimum to trade at minimum wage.
Answer:
stated above 1.4 Name the sector in which your business mentioned above operate in. 2 Use the table to answer question 1.1-1.3 CHALLENGES BUSINESS ENVIRONMENTS (1.2) (1.1) (3) (1) EXTENT OF CONTROL (1.3) Question 1 1.1 . Do a research on three challenges
Answer:
1. C. To increase total invested capital
2. B. 98%
Explanation:
(1). An organization monitors its inventory to ensure it has enough quantity of raw materials, so the production process is not disrupted.
Also when an organization purchases inventory in bulk, it gets a discount on the purchase price.
An organization also manages its inventory to ensure it has a range of goods available in anticipation of customers' demands.
<u>Inventory does NOT increase the total amount of capital invested.</u>
(2). Probability (risk) of stockout = 2% = 0.02
Service level = 1 - stockout risk
Service level = 1 - 0.02 = 0.98 = 98%
