A downfall of the infant-industry argument is that o<span>nce established, a tariff is politically difficult to remove.
For new industries, it almost impossible for a new startup to compete against a well-established industry unless they have a unique differentiation in their product.</span>
Commission means that an employee is paid a given amount regardless of the number of hours worked or quality of the work.
Answer:
a. firms have different costs.
Explanation:
A market might have an upward-sloping long-run supply curve if
a. firms have different costs.
b. consumers exercise market power over producers.
c. all factors of production are essentially available in unlimited supply.
d. the entry of new firms into the market has no effect on the cost structure of firms in the market.
Answer:
Directive Style of Decision Making
Explanation:
Decision Making is a crucial step in very leader's work process.
There are following decision making styles :
- Directive : This leadership style is very logical & practical , quick & systematically efficient. It consumes less information, considers less alternatives. Such style is less open to others creative suggestions, opinions participation & has very less tolerance to any ambiguity.
- Analytic : This style is careful & able to adapt & cope with new situations
- Conceptual : It focuses on broad information based, creative solutions approach. People using consider multiple aspects of alternatives.
- Behavioural : This style encompasses all opinions, seeks acceptance of decisions. People using this have good rapport with co workers.
Bill mentioning his management style as 'practical, efficient, logical, and systematic' highlights towards it being 'Directive style of decision making'
