Answer:
A. Materials to purchase = RM needed for production + RM ending - RM beginning
Explanation:
There are already RM in stock which can satisfy partially RM for production need and RM for desired ending stock so for this amt, purchase should be lowered.
Production is the process of converting the inputs, or resources, into marketable outputs, as defined by economists. An economist studies how a society's resources and its output or production are related.
The Economists research a variety of social systems, including local communities, entire countries, and even the global economy. An economist is a specialist who investigates the connection between a society's resources and its output.
A wide range economic policies, including interest rates, tax laws, output, the employment programs, the international trade agreements, and company strategy, are shaped in part by the professional judgement and research findings of the economists.
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Answer:
Classical
Explanation
Classical view point in management is very essential because it brings about increase in productivity, it involves making use of scientific method as well as job specialization among the employee to achieve common goal of the organization.
It should be noted that Classical viewpoint regards the organization as arrangements of interrelated parts that operate together to achieve a common
Answer:
The correct answers are B and C.
-The quality of public goods does not diminish when multiple people consume them.
-There is usually no way to exclude people from consuming a public good, even if they refuse to pay for it.
Explanation:
In economics, a public good is a good that can be made available inexpensively to many consumers and at the same time it is very difficult to prevent other consumers from using or consuming this good.
A public good is therefore defined by the two properties of non-exclusion and non-rivalry. If these criteria are met in full, then one speaks of pure public goods, otherwise of impure public goods. Public goods can cause market failures. To solve this problem, the state itself can provide the public good or create incentives for private companies to produce the good. Classic textbook examples for public goods are lighthouses or street lighting.
In porter's generic competitive strategies, <u>focus strategy </u>and <u>overall cost</u> <u>leadership </u>strategy combines a focus on a total market scope and a competitive cost advantage respectively.
<h3>What is focus strategy?</h3>
A focus strategy is a competitive tactic used to target marketing and sales at a certain market niche. Utilizing underserved or untapped markets is the goal of this technique.
While many rivals want to reach as many clients as possible with their sales, a focus approach chooses one or more certain categories. It gains an advantage by providing that sector with either high quality or low cost. These actions may improve client loyalty.
There are primarily two categories of focus strategies. One aspires to outperform the competition by cost leaders, while the other wants to succeed by differentiation itself.
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