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Igoryamba
3 years ago
13

The marginal benefit of an additional beach towel is $12. The marginal cost of producing an additional beach towel is $8. If pro

ducers are minimizing the average costs of production, then we can conclude: A. beach towel production is both allocatively and productively efficient.B. beach towel production is allocatively efficient but not productively efficient. C. beach towel production is neither allocatively nor productively efficient. D. beach towel production is not allocatively efficient but is productively efficient.
Business
1 answer:
valkas [14]3 years ago
7 0

Answer:

The correct answer is: D. beach towel production is not allocatively efficient but is productively efficient.

Explanation:

Production costs are the night terror that keeps many business owners awake. These costs seem to have a mind of their own and the only solution is to keep track of them to keep them under control. A successful entrepreneur must find a way to operate his business efficiently and profitably to always be aware of production costs. And for this, it is best to track expenses to see if labor, materials or overhead are exceeding the amounts allocated in a budget at each stage of production.

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A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.
Vladimir [108]
That is not a question it is a statement. However yes, businesses tend to increase the price of an activity the more customers react positively to the activity.
3 0
3 years ago
Halo effect and "Devil's Horns" are associated with which selection activity? Select one: a. Background checking b. Preliminary
Marysya12 [62]

Answer:

C. Interviews

Explanation:

In an interview, there is personal contact between the interviewer and the person interviewed. In this context, first impressions are very important (this is why people are advice to dress and groom themselves well before going to an interview).

A postive first impression can result in a general positive bias when analyzing the person. This is the halo effect and can become helpful in securing the job.

On the contrary, a negative first impression can result in a negative bias when analyzing the person. Negative qualities are ascribed to the person without much basis. This is tthe Devil's Horns effect and can result in the loss of the job opportunity.

8 0
3 years ago
Explain how the costs of poor quality can affect competitiveness.
Soloha48 [4]
The competitiveness of a good usually depends on two key factors: its price, and its quality. While poor quality goods are less competitive from a quality perspective but poor quality goods are usually cheaper to produce resulting to a lower final price. So overall, the lower the cost and the higher the quality the more competitive a good is.
8 0
3 years ago
A primary reason why supply chains exist is that____________ is added at each step of every supply chain.
jeka94

<u>Specialization</u> is added at every step of the supply chain which could the reason for the existence of a supply chain.

<h3>What is meant by supply chain?</h3>

A supply chain is a linkage between the company and its vendors for product distribution in the market for sale.

The supply chain involves many entities like production firms, vendors, distribution companies, transportation companies, etc. Every step of the supply chain needs specialized expertise for performing the operations like the production firm needs raw materials to convert the goods into saleable ones.

Therefore, the existence of a supply chain would be due to specialization which requires in every step of it.

Learn more about the supply chain in the related link:

brainly.com/question/13297496

#SPJ1

5 0
1 year ago
1. What do we mean by the term “global business”?
Firlakuza [10]

1. What do we mean by the term “global business”?

Global business refers to the business all through the world/different nations. It incorporates every one of the things/activities expected to offer, make, and ship out fares to different nations.  

A global business is an organization that works offices, (for example, manufacturing plants and dispersion focuses) in numerous nations around the globe. This is unique in relation to a global business, which offers items worldwide however has offices just in its nation of origin.


2. Name two low-risk methods for getting involved in global business.

  1. Licensing

Licensing alludes to the offering of the privilege to utilize some immaterial property (generation techniques or process, trademark, or brand name) for an expense or sovereignty. Licensing implies that patent or copyright proprietors permit different associations (people, governments, or organizations) to utilize their thought or advancement. It is a way that an organization can create things in different nations without being effectively included. The Gerber Company began offering its infant nourishment items in Japan utilizing Licensing.  

      2.  Franchising

This is a strategy ordinarily utilized by an organization to venture into different nations. A franchise concedes or permits an organization the privilege to utilize an organization name or business process particularly. Associations contract with individuals in different nations to set up a business that looks and works like the parent organization. Contingent upon the nation where the establishment sets up shop, promoting components (taste, bundling, and notice) must be adjusted to be meet social sensitivities and lawful prerequisites.


3. Why is management contracting a safe way to get involved in global business?

Management contracting is an acquirement course in which the works are built by various diverse works contractual workers who are contracted to an administration temporary worker.  

Management contracting a protected method to get engaged with worldwide business in light of the fact that not a lot of assets are being consumed and additionally it isn't include owing resources/having command over parts of the business.


4. What would be the result of war on the importing and exporting activities of the nations involved?

I would imagine that enemy countries are not allowed to exchange, or travel through or around their property to exchange.  

The consequence of war on the bringing in and sending out exercises of the countries include would be disturbed exchange relations and also affect exchanging with different nations that are not engaged with war/conflict.


5. What are the benefits of doing business in other countries?


One of the top advantages of international trade is that you might have the capacity to expand your number of potential customers. Every nation you add to your rundown can open up another pathway to business development and expanded incomes.  

Doing business in other countries can support your organization's notoriety. Triumphs in a single nation can impact accomplishment in other contiguous nations, which can bring your organization's profile up in your market specialty. It can likewise help increment your organization's credibility, both abroad and at home. This is one of the upsides of universal exchange that might be hard to measure and, in this manner, not entirely obvious.

8 0
3 years ago
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