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Sonbull [250]
3 years ago
11

Consider the market for medical doctors. suppose the opportunity cost of going to medical school decreases for many individuals.

suppose it generally takes about ten years to become a practicing doctor. holding all else constant, in ten years the equilibrium wage for doctors will
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
7 0

Answer:

Increase.

Explanation:

The quantity that exists when a market is in equilibrium. Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve.

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Which of the following statements best describes a difference between HR
Rainbow [258]

The option that best describes the difference between HR planning and a staffing plan is this:

B. Unlike HR planning, a staffing plan identifies only the company's present hiring needs.

<h3>What is the difference between HR planning and staffing?</h3>

The difference between the two mentioned concepts lies in the fact that HR planning is a long-term plan that is aimed at trying to understand how the staffing needs of the company can be improved for better success.

Unlike HR planning, a staffing plan is aimed at identifying the immediate employment needs of the company and filling them up. In businesses, HR planning is very vital to building sustainability. Staffing is also important but it only considers the interim.

So, the difference between these two concepts can be pinned down to the time factor. While one satisfies a need immediately, the other looks at the future and makes reasonable plans that ensure sustainability.

Learn more about HR planning here:

brainly.com/question/13761208

#SPJ1

8 0
2 years ago
A decline in the Index of Supplier Deliveries is typically an indicator of a future _____ in economic production, and a narrowin
Umnica [9.8K]

Answer:

D. slowdown; slowdown

Explanation:

Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow

4 0
3 years ago
During the planning process, if there is a gap between future desired sales and projected sales, corporate management will need
atroni [7]

Answer:

They are:

1) Intensive growth

2) Integrative growth

3) Diversification growth

Explanation:

1. Intensive growth:

This involves identifying further growth opportunities that are available within existing businesses. It identifies new customer groups for growth within current businesses, develop additional distribution channels or selling in new markets such as those in other countries. If this is insufficient the company may look into Integrative growth.

2. Integrative growth:

The second involves involves backward, forward, or horizontal integration. Horizontal integration involves buying smaller competitors.

Backward integration reaches into value chain to get suppliers. Forward involves buying distribution channels in the value chain closest to the customer. Integrative growth identifies opportunities to acquire businesses that are in relation to current businesses.

3. Diversification:

Diversification growth is to identify opportunities so as to add attractive unrelated businesses

8 0
4 years ago
Rick's is a medium-sized construction company located in a busy metropolitan city. The company specializes in for-business const
zmey [24]

Answer:

marketing of relationship.

Explanation:

Marketing of relationship can be defined a marketing strategy whose main objective is customer loyalty.

This is a strategy that requires constant and precise efforts by an organization, so it is necessary to offer the customer special benefits and conditions in order to achieve customer satisfaction.

In a competitive market, maintaining a close relationship with the customer is essential for the success of a business, therefore the actions that will assist in this relationship building must be implemented as the organizational culture, shared in the internal and external environment. The focus on communication must be prioritized, as maintaining an open and direct communication with the customer, creates a relationship of transparency and honesty, the customer has to feel comfortable to compliment or complain about their products or services, be treated with honesty and cordiality, to create a positive experience about the organization.

It is important that the company knows its customer, does research and seeks to meet their demands and even exceed their expectations, to create the best service and the best experience for its potential customer.

8 0
3 years ago
Read 2 more answers
If the supply of the Aruban florin decreases relative to the U.S. dollar, then the:a. U.S. dollar will appreciate.b. U.S. dollar
devlian [24]

Answer:c

Explanation:

Since there’s a reduction in dollar then they will be a reduction in price thereby increasing demand

7 0
4 years ago
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