The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market.
Telling employees gain motivates personnel to do their high-quality work. after they realize there are possibilities for advancement, they will do their process to a better standard to electrify those who are looking.
4 everyday business-level strategies emerge from those choices: (1) huge cost management, (2) wide differentiation, (three) targeted cost leadership, and (four) centered differentiation. In rare cases, companies are able to provide both low costs and particular capabilities that customers discover acceptable.
Put clearly, business strategy is a clear set of plans, actions and desires that outlines how a commercial enterprise will compete in a selected market, or markets, with a product or number of products or services.
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Whenever a product line or a product family is extended, there is a risk of cannibalization, which occurs when sales of an existing brand decline as the firm's current customers switch to the new product.
<h3>What is a new product line?</h3>
This is term that is used to refer to the offering of a new product from a line that the company has not offered previously. It is the introduction of a new product entirely to the market.
Hence we have to say that Whenever a product line or a product family is extended, there is a risk of cannibalization, which occurs when sales of an existing brand decline as the firm's current customers switch to the new product.
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A. After cutting wages and benefits in order to increase profit
Explanation:
As a company that exists in an environment, it has a responsibility to socially responsible for its actions that affect its environment including individuals(employees)
The employees are part of the social environment, so cutting their wages and benefits does not make the company socially responsible.
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Answer:
land rents were high because grain prices were high..
Explanation:
grain prices were high because land rents were high.
land rents were high because grain prices were high.
grain prices were high because land rents were low.
land rents were high because grain prices were low.
none of the above
David Ricardo was a classical economist known for various economic theory. Some of his theories include :
- Labour Theory of Value
- Ricardian Equivalence
- Theory of comparative advantage
- Theory of rent
Theory of rents
David Ricardo defined rest as the part of the produce of an agricultural land that is paid to the landowner for the use of the land. He postulated that benefits of an increase in prices of grain accrue to land owners in the form of rent
He used this theory to answer a question that arose during the Napoleonic wars (18.05-1815) when there was a great increase in corn and land prices. The question was : Did the rise in land prices raise the price of corn or did the high price of corn increase the demand for land and led to an increase in the price of land ?
