Answer:
Management might opt for other than the most economical choice because:
- Controlling. E.g. Franchise can be helpful to increase earnings fast but the uncertainly of quality supplied by franchisees can hurt a firm in the long run.
- Branding. E.g. Some firms have a reputation for their hand-made products. Industrialized production can reduce cost per unit and increase productivity but the brand surely is affected.
Explanation:
Answer:
D, balanced scorecard
Explanation:
A balanced scorecard is a management strategy in which managers are able to assess the amount of job done by employees under their area of control.
It also helps to see whatever complications or success that are as a result of the job done by the employees.
A balance scorecard involves the satisfaction of customers by how much time, quality of service, performance of service, among other things. Also, the balance scorecard is helps to focus on some other important roles that could affect customer satisfaction.
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Answer:
rework hope this helps :)
Explanation:
Answer:
Pure competition
Explanation:
Pure competition is a market structure characterized by many competitors selling similar products. Due to the high competition, market forces dertermine prices. Pure competition is also referred to as perfect competition. The other features of pure competition include.
- There many buyers and many sellers who have access to market information
- There are barriers no entry and exit in the market
- Firms sell homogeneous products
- Firms cannot influence the market price. Firms are price takers.
- The units of production such are homogeneous and are freely moving.