<u>Answer:
</u>
The strategy that they should use should be that of negotiation.
<u>Explanation:
</u>
- In order to make the employees understand that they would be allowed to take the company phones and laptops to home but they would be required to carry out certain operations of the company work, it would be necessary to negotiate with them on the offer put forward by the company.
- This strategy would help the company even of a few employees agree to the offer as the operation time of the company would increase substantially.
Through price collusion, each firm would achieve higher profits.
When competing businesses agree to cooperate, such as by raising prices in order to increase profits, this is called collusion. Collusion is a strategy used by businesses to increase profits at the expense of customers and lowers market competition.
Lower consumer surplus, higher prices, and more profits for the colluding businesses are the results of collusion. It may enable oligopolists to exercise monopoly power and increase their group earnings. In an oligopoly, businesses have a strong incentive to work together.
Collusion may be a tactic used in times of unproductive economic circumstances to try and rescue the industry and save companies from going out of business, which would not be for the long-term benefit of consumers.
To learn more about collusion
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The correct answer is B.) The problem of scarcity does not exist.
Because since it is a 'perfectly competitive' market then scarcity shouldnt exist.
-Autumn Leaves
Answer:
(A) Current period productivity= 4 units/hr
Previous period productivity= 3.833units/hr
(B) increase in productivity by 4.356 percent
Explanation:
A manager checkedthe rate of production and found out that a worker produced 160 units while working for 40 hours
In the previous week the same worker produced 138 units while working for 36 hours
(A) The current period productivity can be calculated as follows
= 160 units/40 hours
= 4 units/hr
The previous period productivity can be calculated as follows
= 138 units / 36 hours
= 3.833 units/hr
(B) The productivity growth can be calculated as follows
= current period productivity - previous period productivity / previous period productivity
= 4-3.833/3.833
= 0.167/3.833
= 0.04356 × 100
= 4.356 percent
Hence there was an increase in workers productivity by 4.356 percent
Answer:
Problem Analysis
Explanation:
Problem analysis also known as 'root cause' analysis ensures that “root causes,” not just the symptoms of the problem, are identified and subsequently addressed.
This step comes after the problem identification stage of problem solving.
Therefore as stated in the scenario ''When Glenn analyzes the underlying causes of the paper-jam problem, he is performing the function of problem analysis
