Answer:
price equals minimum average total cost
Explanation:
As we know that in the short run, the firms earns the economic profit but in the long run when a new firm is entered into the indusry and there is a market share so the demand of the market is to be shared by each firm due to which the demand would be less
So this represents that price is equivalent to the average total cost
Hence, the last option is correct
Answer:
b. role playing is the correct answer.
Explanation:
This situation Boris and his colleague are engaged in role-playing.
- Role-playing means imitating the behavior and role of someone else.
- It takes place among two or more than two people that act the roles to explore the particular scenario.
- In the business, role-playing is used to find out the problems from various perspectives and to improve communication among the team members.
- The role-playing objective is to improve and develop the skills that are necessary for a particular position.
despite recent pressure from stockholders to increase profits Global oil or Global petroleum organization has---- True .
Reason :
Acting socially responsible means deliberate actions by the management to protect and promote the interests of society. The concept of corporate social responsibility encourages enterprises to make decisions that do not maximize profits only but also benefit other members of society, such as consumers, employees, and the community.
The management of Global oil is acting in the best interest of consumers by not increasing prices to maximize profits. By following the laws of the country, the management is proving that there are not interested in not profits only, but they are responsible citizens.
Stockholder named as shareholder :
A shareholder of a corporation is an individual or legal entity that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation.
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