Answer:
resource cost or availability
Explanation:
In the case when there is a votes of congress that rise the minimum wage. So this results in the shifting of the cost of the resource or the availability
Therefore as per the given situation there would be rightward shifting as the minimum wage is rised
Also the shifting could be done with respect to the resource cost or the availability
Answer:
There are nine building blocks that describe and assess a business model: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure.
Explanation:
Answer:
The correct answer is option a.
Explanation:
The supply curve of a firm is closely related to the cost of production of the firm in a competitive market. If the cost of production is lower the firm will be able to supply more. If the cost of production is higher, the firm will supply less.
The cost of production, on the other hand, depends upon the price of inputs used in the process of production.
Consumer preferences and income tax rates affect the demand for goods. The interest rate on government bonds affects its demand.
<h2>human element; collusion</h2>
Explanation:
Let us understand the act of collusion.
A secret agreement between two person or two parties to involve themselves in fraud act.
Here the situation is, the clerk has not received raise in salary. So he want to take revenge and has plan to sell the office items for his personal gain. So this is an act of collusion.
<u>Another real life example:</u>
A deal between supplier and retailer to increase the price illegally to have personal benefits.
Let us understand the term human element in a positive way
Human element is the organized way of approach by teams and individual to achieve organizational goals.