Answer:
Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.
Explanation:
Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.
Answer:
~42
Explanation:
Ex. Company-paid health insurance is a major benefit sought out by many employees. If coverage for a family costs $15,000 per year and your employee is paid $40,000 per year, what percentage of their total compensation is the healthcare benefit?
SOLUTION:
$15,000 / ($15,000 + $40,000) = 0.272 x 100 = 27.2%
Problem: 20/20+28=0.416=41.6%
Answer:
Value
Explanation:
The value analysis can be defined as a structured method to define (or revise) a product, process or service in such a way that they ensure with minimum cost all the functions that the client wants and that is willing to pay (and specifically those) , meeting all the required requirements.
The value analysis starts from two opinions:
That of the client, who expects a series of benefits, that is, what the product or service must meet, and what is broken down into criteria of appreciation, what it will perceive.
The manufacturer, who considers the characteristics that the product or service must have to meet the benefits expected by the customer.
Alternative term for core competencies.