Answer:
At one time, the centrally planned economy of China encouraged farmers to produce iron in their backyards, rather than have factories make iron. This proved unsuccessful, since most of the farmers' iron was of poor quality. Why do you think this approach was unsuccessful? How could this experiment become a success in a free market economy?
The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.
The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved
Explanation:
Answer:
A) private companies, the government, self-employers, and organizations
Explanation:
Answer:
HOPE THIS HELPS GOOD LUCK
Explanation:
Station 4, 2,100/month Problem 11-11 The longest process on this "assembly line" will govern the output.
Therefore, the maximum output from this line will be: Output = available time/cycle time = (40 hours per week)*(60 minutes per hour)/1.5 minutes per
Are you asking if it’s true or false?
Answer:
B. marketing
Explanation:
Based on the information provided within the question it can be said that the function's described are all part of a company's marketing. This department's functions all focus on using all the resources and opportunities available in order to promote their product/service and make as many people aware as possible. This is all done in order to increase sales and create a customer base.