1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
attashe74 [19]
3 years ago
10

Why is it important for businesses to understand the role of economics?

Business
1 answer:
MrRa [10]3 years ago
6 0

Answer:

Business economics often handles the analysis of various costs that business firms incur. Every business always desires to minimize their costs and maximize its profits by embracing different economies of scale. Nonetheless, the firms fail to determine exact costs that are involved in the production process.

You might be interested in
Which of the following is NOT an example that falls within the four major categories of business environment factors for today's
oksano4ka [1.4K]

Answer:

c. fewer government regulations

Explanation:

  • All except the fewer government regulations on the trade of the companies that affect the today's business environment and the word organization. The globalization and the increased play a major role in the collection of the internal and the external factors the customer needs and the expectations that affect the firm's price availability.
5 0
3 years ago
What actions could employers and government take to encourage saving in society?
notsponge [240]
They can set good examples of people who practiced savings and the result it gave them. Provide seminars of the results and actual computation of savings through targeted years and the possible assets that they may possess through savings. It can also help them avoid some financial problems that they might encounter. 
3 0
3 years ago
The community of Desertville traditionally produces a large number of tires and a small amount of kiwi fruit. Kiwis are become i
viktelen [127]

Answer:

The answer is TRUE.

According to the law of increasing costs, the cost of producing kiwis will increase.

Explanation:

The law of increasing costs states that as more factors of production are shifted from making one product or service to a second product or service, the cost of producing the second item increases.

As we can see in the scenario given above, the community of Desertville initially produced a small amount of Kiwi fruit. But as kiwis became more popular, its cultivation had to be expanded, therefore, increased costs would be incurred in the process of this expansion.

8 0
3 years ago
What are five natural resources economic quiestion<br>​
musickatia [10]
I don’t know but what I do know is imma get my daily verification so thank you buddy hopefully someone answers your question
8 0
3 years ago
As capital investment levels off business spending decreases and leads to a possible contraction to the economy. True or False?
k0ka [10]
It is a true statement that as <span>capital investment levels off business spending decreases and leads to a possible contraction to the economy. The correct option among all the options that are given in the question is the first option. I hope that this is the answer that has actually come to your help.</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the stages of event management involves decision-making skills and abilities as the event progresses?
    15·2 answers
  • Which of the following is NOT one of the four characteristics of IPOs that puzzle financial economists? Select one: a. The long-
    14·1 answer
  • The level of service exports worldwide increased more than _______ between 1980 and 2010
    14·1 answer
  • What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?
    9·2 answers
  • Which of the following is a reason that single sourcing is considered risky/bad?a. Larger orders make quantity discounts more li
    11·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to in
    12·1 answer
  • The equivalent annual cost method is most useful in determining: Group of answer choices the annual operating cost of an idle ma
    11·1 answer
  • The following Information applies to the questions displayed below.) Bargain Rental Car offers rental cars in an off-airport loc
    12·1 answer
  • On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!