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ololo11 [35]
3 years ago
9

_____ is defined as the connection between an entrepreneur's skills, understanding of an industry, and the ability to create a c

ompetitive advantage such that the sum of the parts of the new business is greater than the individual parts alone.
Business
1 answer:
Svetlanka [38]3 years ago
3 0

Answer: Synergy

Explanation:

Synergy can be defined as a state in which two or more things work together in a particularly way that produces an effective result.

Synergy involves bringing so many parts together to achieve results.

Synergy refers to the achievement produced as a result of combined action or co-operation.

The results produced by synergy might be multiple of actions or skills directed to the event in a positive way.

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5) If workers demand and receive higher real wages (a successful wage push), the cost of production ________ and the short-run a
luda_lava [24]

Answer:

The answer is C.

Explanation:

If workers demand and receive higher real wages the cost of production will rise. This is because workers(labor) is an input of production. The wages is the reward for the direct labor for work done. So increase in wages lead to an increase cost of production.

Due to this, the short-run aggregate supply curve shifts leftward i.e reduces the market supply because producers will produce less at a high cost of production and produce more at a lower cost of production.

6 0
3 years ago
If the equilibrium price of avocados is $4 and the government issues a price ceiling of $4.50, what is likely to happen in the m
Marat540 [252]

Answer:

A surplus of avocados will result from the price ceiling.

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

A price ceiling is binding when it is set below equilibrium price.

The price ceiling ($4.50) is less than the equilibrium price ($4) of avocados. As a result, surplus would increase. The supply of avocados would exceed the demand because price ceiling is above equilibrium price

6 0
3 years ago
The major difference between a low-cost provider strategy and a focused low-cost strategy is the a. amount of outsourcing involv
docker41 [41]

The major difference between a low-cost provider strategy and a focused low-cost strategy is the size of the buyer group to which a company is appealing.

<h3>What is a strategy?</h3>

These are devices company employ to achieve their medium and long term objectives.

Hence, the major difference between a low-cost provider strategy and a focused low-cost strategy is the size of the buyer group to which a company is appealing.

Learn more about strategies here: brainly.com/question/24462624

#SPJ12

6 0
2 years ago
The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 25%. Currently,
vekshin1

Answer:

The increase in gross profit is  $12,374.93

Explanation:

The increase in sales due to purchasing this new equipment is 25% of current sales figure of $750,000

increase in sales=$750,000*25%=$187,500

variable cost on the increase in sales is 55%=$187500 *55%=$103,125

The annual depreciation charge on the new equipment=cost of the new equipment-salvage value/useful life

cost of the new equipment is $357,500.37

salvage value is $0

useful life of the new equipment is 5 years

annual depreciation charge=($357,500.37-$0)/5=$ 71,500.07  

Increase/(decrease) in annual gross profit=$187,000-$103,125-$ 71,500.07  =$12,374.93  

4 0
3 years ago
Understand the general arguments made in sections 1, 2, and 7 of Kraut's "Aristotle on Becoming Good" and consider how these ide
lions [1.4K]

Answer:

Aristotle argues that what differentiates human beings from other animals is the human reason.

Explanation:

"Good life" can be seen as the one in which a person understand and exercise their rational faculties. The word "good" can be used to show moral approval. Therefore, for someone to be called good, they must have possessed and practiced many important virtues and not pursuing their own pleasure all the time.

According to Aristotle, happiness consists in achieving all the goods like health, wealth, knowledge, friends etc throughout a lifetime. He sees happiness as the central purpose of human life.

Aristotle believes that the highest good is a solitary nucleus which all other goods are acted upon and this highest good is happiness.

4 0
3 years ago
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