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yulyashka [42]
3 years ago
5

James employs an apprentice in his guitar store who gets firsthand knowledge of craftsmanship and the process involved in becomi

ng a professional luthier. This allows James to have a reliable hand who can assist him in his work without requiring him to hire a professional luthier. It also enables him to use his financial resources on procuring high-quality materials to make the guitars. The opportunity of _____ is highlighted in the given scenario.
Business
1 answer:
MrRa [10]3 years ago
3 0

Answer: Having lower opportunity costs.

Explanation: Opportunity cost can be defined as the cost of next best alternative foregone. In this case, James is saving his money by taking work of a professional from a new recruit also he gets the opportunity to procure high quality materials which he was earlier not able to. Thus, he is saving a major portion of income because of a less costly alternative available.

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Suppose that demand for a good increases and, at the same time, supply of the good decreases. what would happen in the market fo
Vladimir79 [104]
If demand increases while the supply decreases, the price of the good will increase so the producer can make up for the money lost in lack of quantity.
6 0
3 years ago
What are three of the common factors that make local economies different?
vitfil [10]

Answer:

Marketplace, advancements in technology, and investments

Explanation:

Various factors are involved which make a local economy different such as marketplace, advancement in technology and investment. These three are the most important and critical factors which distinguish local economies from the global or international market. The above three factors are important for economic growth and can take an economy from a developing to a developed economy.

8 0
3 years ago
Employees at House of Pancakes pretend that they like their boss even though most of the time they do not. These employees are e
tia_tia [17]

Although they frequently don't, House of Pancakes employees pretend to like their employer. These workers are performing emotional labor known as surface acting.

When someone engages in surface acting, they don't truly strive to experience the emotions they want to portray; instead, they fake the necessary feelings. They might put on "false smiles" or other necessary emotional displays that don't accurately represent how they really feel.

You are surface acting if you feel one feeling and try to express a different one. Imagine you have a stressful commute and arrive at work. Even though you're still not in a particularly good mood, you might put on a false smile for a coworker as you get your morning brew.

Learn more about Emotional labor here

brainly.com/question/14330116

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8 0
2 years ago
International businesses with markets and production facilities in other countries, or that use materials from different countri
lilavasa [31]

Answer: True

Explanation:

International businesses that has its markets and its production facilities in other countries, or a business that uses resources from other countries should understand the exchange rate system and how it works.

Different policies are pursued by the government and there's no universal exchange rate system, therefore it's vital for businesses to look at the foreign markets and their currency conversion.

7 0
3 years ago
Whats the difference between the salary and hourly calculator? pleaseeee helpp
Bingel [31]
The main difference between the salary and hourly calculator is that the salary calculator is paid to an employee on the basis of an annual amount that is known as salary and hourly calculator is based on the hourly payment. This is the basic difference between the salary and hourly calculator. For a salaried employee, the number of hours worked in a month can vary without affecting the total salary fixed. In case of hourly calculated payment, the number of hours worked has a direct impact on the payment received. If the number of hours worked is less then the hourly calculated payment will also be less.
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3 years ago
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