How are flextime and flexplace work accommodations different? One is flexibility in your work hours, and the other is flexibilit
y in your work days. One is flexibility in your work hours, and the other is flexibility in your work place. One is flexibility in your work place, and the other is flexibility in the technology used. One is flexibility in your work place, and the other is flexibility in your work days.
The difference between flextime and flexplace work accommodations from the given question is this: (B) one is flexibility in your work hours, and the other is flexibility in your work place.
In flextime, employees are free to choose the time of work that he or she would like to arrive in and depart from. In flexplace, employees are free to choose where she or he would like to work from.
Answer: Monopolistic Explanation:
Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors. Monopolistic competition is closely related to the business strategy of brand differentiation.
Key Takeaways:
1. Monopolistic competition occurs when an industry has many firms offering products that are similar but not identical.
2. Unlike a monopoly, these firms have little power to set curtail supply or raise prices to increase profits. 3. Firms in monopolistic competition typically try to differentiate their product in order to achieve in order to capture above market returns. 4. Heavy advertising and marketing is common among firms in monopolistic competition and some economists criticize this as wasteful.
