The answer for this question is: <span>Competition tends to drive down prices and improve quality
When free trade exist, every businesses must heavily compete in order to win the customers' favor.
In order to obtain the favor, a couple of things that they could do are lowering their price in comparison to their competitor and improve the products that they made.</span>
Answer:
C. Identify Requirements
Explanation:
Individuals who are assigned the responsibility of resource management should first of all identify resource requirements.
Identification of requirements relates to the quantum of resources required, the place where they are required and the recipient of those resources.
Resource needs and requirements change from time to time as per the situation. Resource requirements mean the quantity and the kind of resources that would be required for completion of a project.
Thus, Identify Requirements determines the type, quantity, receiving location and the users of those resources.
Answer:
True
Explanation:
Political instability is a risk to a business. For a business to thrive, the economy should be free from political unrest or turbulence. Countries that experience political turmoils are characterized by civil unrest, violence and rooting, and industrial actions that result in low economic growth.
Political stability gives confidence to investors that their investments are protected by the government and will grow. The economy of a politically stable country can be predicted many years into the future. Many investments need a long time to break even and make returns. Political unrest cause massive destruction of properties and business. Investors in stable countries are assured of their safety and the safety of their investments.
Answer:
The pros and Cons of Mr. Leeson's frequent career and the Japanese employee with a lifetime corporate loyalty can be summarized as follows:
Explanation:
Frequent career moves also known as Job hopping was initially viewed as a negative behavior that doesn't portray loyalty while Lifetime employment in one establishment seemed commendable.
However, in recent times, studies has shown that the premise above is not true. There are pros and cons for each of them.
PROS
- Frequent career change promotes acquiring new skills, experiences and competences to handle complex tasks and lifetime corporate loyalty encourages specialization in one field.
- Frequent Career Change fosters swift career development and advancement while lifetime corporate loyalty promotes internal advancement opportunities and promotional offers
CONS
- Frequent career change does not portray a good image before employers and human resource experts, It can be viewed as poor work ethic while Lifetime corporate loyalty causes complacency and inhibits acquisition of career advancement skills.
<span>A company wins a contract to be the sole provider of phone and cable television service for a city.</span>
