Lowest because to show how scarce it is it will have to be low
Answer:
Cost advantage.
Explanation:
In this scenario, Sweetmeats Inc., a deli, produces its own grains, such as corn, wheat, rice, and oats. The employees create different types of breads without having to buy the grains from other sources. This has helped them sell their bread items to customers at much lower prices than other neighboring delis. This scenario best illustrates a cost advantage.
Cost advantage can be defined as the factors, benefits or edge which an organization has to produce its goods and services at a cheaper rate and better quality, over its competitors or rivals in the same industry. Some of these factors include availability of raw materials, branding, skillful workforce, intellectual property, quality distribution channels, favorable location, great customer services, superior technology, etc.
Answer:
The correct answer is letter "D": better match the complexity of the real world.
Explanation:
Economists create models to <em>reflect real-world phenomena through simplified concepts</em>. Those models tend to adopt the most variables possible of economic events to analyze them in-deep, find out why they happen, attempt preventing them or finding a solution for them if feasible.
Answer:
B. any experience with the product they wish to purchase
Explanation:
Since Manitoba University is completely new and that it do not have any information about the Communication system as of ATV.
As she wants to acquire the Manitoba bid she needs to provide thorough information and that the university is completely new, accordingly there is a clear demonstration required, for the service.
The university do not know the facts and is dealing in these things first time and because of that it is necessary.
Thus, correct option is statement B.
Answer: B. Job performance
Explanation:
Job performance simply means the level to which the job responsibilities of an employee is being successfully fulfilled by the person.
Since the factors being evaluated are the amount of time that the trainer spends with each of his trainees, the coverage of key points, his success rate in turning out trained salespeople within the amount of time allotted etc, then it can be infer that his job performance is being evaluated.