Any point on a country's production possibilities frontier represents a combination of two goods that an economy can produce. A production possibility frontier also know as PPF shows the maximum output that two goods or services can achieve when all of the resources are being used. For this graph to show the true possibilities, all of the resources have to be used to their full potential as efficiently as possible.
Answer:
A. Combining related value-chain activities of different businesses into a single operation.
Answer:
The equilibrium quantity will decline. The equilibrium price depends upon the extent of change in demand and supply.
Explanation:
When consumer items go out of style their demand decrease. This causes the demand curve to shift leftwards. At the same time, the production of such items s stopped. This further causes the supply to decrease. The supply curve, as a result, shifts leftwards.
This leftward shift in both demand and supply curve will lead to a decline in the equilibrium quantity. The change in price depends upon the extent of change in demand and supply.
Answer:
c) Electronic Data Interchange
Explanation:
Based on the scenario being described within the question it can be said that this information technology is called Electronic Data Interchange or EDI for short. This technology allows one company to send large sets of data/information to another company electronically as opposed to other physical delivery methods of communication. Which in this case the electronic method that will be used are electronic bar codes.
If Jamal is creating a four-fold brochure about the parts of a business including production, finance, marketing, and customer service If he only wants to highlight the key aspects of each part with several bullet points, the information he should include will be:
Jamal should carry out adequate and accurate research concerning the vital information that should be included in the brochure.
The information that he should include in his brochure should be:
- He should include relevant information that the customers need in the brochure.
- He should show professionalism or he should show how professional he his when it has to to with his business.
- He should highlight the most important aspect of the business such as the company products and services.
- He shown reveal the purpose and objective of the business including what the business stand for.
The reason why i feel this is the most important information about each part of a business is because it will enables people to know that he is good at what he does which will in turn help to promote the business.
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