Answer:
The reason why people get engaged in business is because they become more productive and people engage in business to make money and get returns on investment.
Explanation: This is the answer I hope this helped you out.
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
This scenario best illustrate Backward vertical integration
Explanation:
Backward integration is a vertical integration that extends the role of a organization to perform roles traditionally performed by firms in the supply chain.
In other terms, backward integration is where an enterprise imports another company providing the necessary goods or services for production.
For examples, an company might purchase the product or raw materials manufacturer. Businesses often complete retrograde incorporation of these other businesses or combine of them. However, they may set up their own divisions to perform this mission.
Answer:
knowledge management
Explanation:
Knowledge management relates to the mechanism by which an organization's knowledge and information is developed, exchanged, used and controlled. This refers to a multidisciplinary approach by making the best use through knowledge to attain organisational goals.
Knowledge management activities usually focus on institutional priorities like better performance, competitive edge, creativity, experiences gained exchange, alignment and institutional quality improvement.
Answer:
The dealer will sell 15 Volvos
Explanation:
Consider the following formulas to calculate the Q of which optimize the exercise.
Profit = Q*p
Profit = (30-q)*q
Profit = 30q - q^2
Differentiating with respect to q, we get
30-2q = 0
2q = 30
q=15
The dealer will sell 15 Volvos
