Answer:
supply curve to the right.
Explanation:
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.
On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.
Answer:
The correct answer is option c.
Explanation:
Pure monopoly refers to a market where there is a single producer selling a product with no close substitutes. Such type of market is very rare.
There is restriction on entry and exit of firms in the market. The firm operating in this market is a price maker and faces a downward-sloping demand curve.
No close substitutes, single seller and barriers to entry are essential conditions for a pure monopoly to exist.
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Answer: Knowledge Management System
Explanation: The Knowledge Management System refers to a system for the implementation and application of concepts of knowledge management.
These include market growth targets guided by results, a competitive market prototype, application of business analysis, and much more. A knowledge control system consists of various application modules which are managed by a separate functionality.
Most of these technologies, together with the access or exchange of electronic records, can enable data processing about consumer feedback and history. Such systems can help prepare and direct employees, bring better sales or assist business executives in making critical choices.
Answer:
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