What affects employers’ decisions on how much to pay their workers is : <u>Maximizing profits.</u>
<h3>What is profit maximization?</h3>
Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.
Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.
Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.
Therefore what affects employers’ decisions on how much to pay their workers is : <u>Maximizing profits.</u>
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Attracting and retaining employees with the skills, abilities, and experience is a key component of a<u> human resource</u> management system.
<h3>What is
human resource management system?</h3>
Human resource management system has to do with carrying out specific function such as effectively managing everything that has to do with human resource.
Human resource management system is important for companies as it enables them to choose employees that has the best skills and experience to move the company forward so as to enable the company achieve their goals.
Therefore attracting and retaining employees is a key component of a<u> human resource</u> management system.
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<span>The most beneficial advantages for producers is open market economy because it is lead to more innovation and research & development through the absence of red tape. Producers don’t have to wait for the government to tell them what to make. They study demand, research trends and meet the customer’s needs through innovation. So, also encourages competition amongst firms to improve their product and service.</span>
The answer is: b. Markets motivate individual actors to make economic decisions.
In a capitalist economy, the government has very little influence to intervene in the economy. The market is solely controlled by the power of supply and demand. When a lot of people demanded a certain type of products, people who will gain the most profit would be those who are bale to make economic decisions to fulfill the demand in the market.
Answer:
The correct option is is A, predatory pricing
Explanation:
Predatory pricing is an illegal approach to pricing where a firm fixes a very low price in order to send competitors out of business.
This is very applicable to a firm that has economies of scale where its cost per unit reduces as more and more units are produced, making it possible to undercut competitors without feeling much impact in profitability.
This approach is against the anti-trust law as it paves for a monopoly market,where only one firm operating in the market determines the price which is not likely to be favorable to consumers
