a. resources can be moved where they're needed-------trade
Trade includes the exchange of products or administrations starting with one individual or substance then onto the next, regularly in return for cash. A system that permits exchange is known as a market.
Trade is a fundamental financial idea including the purchasing and offering of products and ventures, with remuneration paid by a purchaser to a dealer, or the trading of merchandise or administrations between parties.
b. workers have an incentive to improve their skills-------competition
Competition is the basic driver of execution and advancement. It benefits everybody by empowering us to browse a variety of fantastic items at reasonable costs. Competition additionally supports the selection of advancement as organizations develop and new thoughts prosper in the commercial center.
Customers remain to pick up the most from more prominent competition in the data innovation (IT) advertise. Reasonable and open competition implies bring down costs and more noteworthy decision.
c. wasted movements are eliminated-------------specialization
Specialization is a strategy for generation whereby a substance centers around the creation of a restricted extent of products to pick up a more prominent level of proficiency. Numerous nations, for instance, represent considerable authority in delivering the products and ventures that are local to their piece of the world, and they exchange for different merchandise and enterprises. This specialization is, subsequently, the premise of worldwide exchange, as couple of nations have enough generation ability to be totally self-maintaining.
The four common elements of an organization include (D) common purpose, coordinated effort, division of labor, and hierarchy of authority.
Explanation:
The organizational psychologist<u> Edgar Schein </u>proposed four common elements of an organization’s structure namely
-
<u>Common purpose
:</u>It refers to the clarity of the mission and vision.
- <u>Coordinated effort
:</u>Individualistic and group effort
- <u>Division of labor
:</u>Work specification for greater efficiency
- <u>Hierarchy of authority
:</u>Setting chain of commands
If we see from the point of view of a manager the day to day operations operations of an organization can be made successful by instilling a common purpose,which result in coordinated effort across the organization and then the work is allocated on the basis of the specialization of the staff and the hierarchy of authority is also defined
A Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job
A person-job fit refers to the compatibility between an individual and the job that they perform based on the employee needs.
- In other word, the Person–job fit refers to the the degree of alignment between the individual (employees) and the job/task he is performing.
Hence, the Person-job fit is the type of person-fit related to the fit between the wants/needs of an individual and the characteristics of their job
Read more about person-job fit:
<em>brainly.com/question/14851839</em>
Answer:
The answer is A
Explanation:
The downward sloping curve is a graphical representation depicting the relationship between a commodity's different price levels and quantities which consumers are willing to buy.