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VMariaS [17]
3 years ago
14

Paying attention to the trends that might impact your future career is called

Business
1 answer:
Mazyrski [523]3 years ago
5 0
<span>The process is called futurecasting. Clustering is a completely different concept related to the organization of resources. Networking is a concept related to building social connections through self-advertising and linking networks with associates. Matchmaking is typically used in reference to specifically cultivating relationships between two people with complementary skill sets or similar core work values. Thus only futurecasting is left as an option.</span>
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The late Nobel Prize-winning economist George Stigler once wrote, "the most common and most important criticism of perfect compe
Solnce55 [7]

Answer:

B. it is a benchmark-a market with the maximum possible competition—that economists use to evaluate actual markets that are not perfectly competitive.

Explanation:

In a perfect market information is equally available to all players in the market and as such there is no undue advantage by any of the players.

Market forces are therefore controlled by forces of demand and supply. No one entity has the power to control the market.

This is a theoretical situation as all market in real life are imperfect.

However economists prefer to use the perfect market because it is used as a benchmark of what a market should be with perfect competition.

Real markets are compared to the perfect market to see how effective they are.

4 0
3 years ago
According to the video, which terms best describe the role of General and Operations Managers? Check all that apply. documented
lapo4ka [179]

Answer: Power

Responsibility

Risk

And pressure

Explanation:

4 0
3 years ago
Read 2 more answers
Goods a company acquires to use in making products are called:
Afina-wow [57]

Answer:

b. Raw materials inventory.

Explanation:

There are basically three cycles to make a product ready to sale

1. Raw material

2. Work in process

3. Finished goods

The raw material is the part of the product. In the work in process, the products parts are in process to combine all the parts of the products. And, in the finished goods cycle, after processing the product, the product is finished and then the product is ready to sale.

The costs of goods sold and the conversion cost are the cost which are related to the product

6 0
3 years ago
The long-run aggregate supply curve a. is vertical. b. is a graphical representation of the classical dichotomy. c. indicates mo
Gennadij [26K]

Answer:

The correct answer is option d.

Explanation:

The long-run aggregate supply curve is a vertical straight line. This is because, in the long run, the output level is not affected by price changes. Instead, output level changes with the changes in the state of technology and level of inputs. In the long run, when price level increase, the factor prices or price of inputs will increase as well. So there will be no change in output due to the change in the price level.  

The vertical long-run aggregate supply curve also reflects classical dichotomy that in the long run, when all the resources will be fully employed, an increase in the aggregate demand cause the price level to rise while supply remains constant.

It also indicates that monetary policy only affect the price level, the economic output remains constant.

7 0
3 years ago
When marginal costs are below average total costs, a. average fixed costs are rising. b. average total costs are falling. c. ave
hoa [83]

Answer:

The correct answer is option b. average total costs are falling.

Explanation:

When marginal cost is below average total cost, average total cost will be falling whereas the average cost will be rising when the marginal cost is above average total cost.

A firm is highly productive and efficient when the average total cost is the lowest. At this point, the average total cost is also equal to the marginal cost i.e.

Average Total Cost (ATC) = Marginal Cost (MC).

3 0
3 years ago
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