Answer: The answer is "A" Technical skills.
Explanation: The technical skills refer to the skills which are handy and are needed to make the job which would otherwise hard to perform to be more easily performed. This skills also explain how a person can design and formulate models or programs for a long task to be performed at a shorter period of time. This is why that case described in the question is best referred to as technical skills. Professional skills at the other hand involve the professional coordination of the activities of an organization. The answer is therefore "A" technical skills.
Answer:
When one company exerts sole control over a resource that is necessary for the production of a specific product, the market may become a monopoly.
Explanation:
This is because you can control companies if you are the only place available for a resource for example water in dry contents
Answer:
The lifetime value of customers
Explanation:
Customer Lifetime Value or CLTV is the present value of the future cash flows or the value of business attributed to the customer during his or her entire relationship with the company.
Answer:
Explanation:
A monopoly is a market structure where there is only one supplier of a product and many buyers. An example of a monopoly is Microsoft; it is a price setter in the market. Abuse of monopoly power can occur when a firm dominates the market meaning no competitors within the industry. This abuse could be in form of limiting output or setting higher prices to benefit from supernormal profits . This therefore leads to less choice for consumers.Over time, monopolies can become less innovative because they do not have competition and causing the market to fail and be inefficient; the price mechanism fails to take into account all of the costs and/or benefits of providing and consuming a good.
Answer:
Military equipment.
Explanation:
American industry during wars required enough of industrial power to outstand other countries. To do this, the automobile industry was specifically equipped with raw materials to manufacture war vehicles such as tanks, jeeps, and trucks. Thus, this industry was uniquely suited to the mass production of 'Military Equipment'.
