Answer:The CEO should implement
Deming's 14 points.
Explanation:
Deming's 14 points is a management practice that helps company improve their productivity and quantity.
Also, Deming contain 14 key principles for management for transforming business effectiveness.
Answer:
The correct answer is letter "D": Explanatory.
Explanation:
Explanatory research typically is carried out when preliminary research was not made successfully, is unclear or vague. Explanatory research is based on factual data -mainly numerical- that allows the researcher to support the detailed descriptions that must be reported as conclusions of the study.
Answer:
A and C are correct. Other two are incorrect
Explanation:
<span>Several multinational companies close their factories in the nation because of its changing economic climate.
Shifts left. The maximum production of the economy is lower because their are fewer factories.
A mass e-learning initiative makes education cheaper and accessible across the nation.
Shifts right. This makes education less expensive, freeing up public and private money for investment and other uses which can further increase output.
Government money is illegally taken by increasingly corrupt bureaucrats and politicians.
Shifts left. this money is taken out of the economy where it could otherwise be invested in factors of production.
New economic policies facilitate the signing of new international trade agreements.
Shifts right. Increased trade opens up markets to foreign imports/exports and investment, increasing the maximum capacity of the economy. </span>
Given what we know, we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product.
<h3>Why does capitalism encourage this competition between businesses?</h3>
- This is due to the fact that through capitalism, there are more entities offering the same service.
- This means that consumers will have to choose where to buy.
- This will be based on the price and quality of the service or product.
- Therefore, businesses are forced to compete in these areas to attract customers.
Therefore we can confirm that capitalism encourages businesses to be more efficient to compete successfully on the price and quality of the product in order to attract the limited amount of consumers for a product that is offered by many companies.
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