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IgorLugansk [536]
3 years ago
15

Specialization and the division of ______ can increase productivity. Please choose the correct answer from the following choices

:
Answer choices
- knowledge
- monetary
- resources
- capital
- labor
Business
1 answer:
trasher [3.6K]3 years ago
3 0

Answer:

Specialization and the division of labor can increase productivity.

Explanation:

Specialization is about an <em>invidivual</em> focusing on very specific tasks that are best suited to them according to their skills and knowledge. This concept can be applied to <em>companies</em> and <em>countries</em>, as they specialize on producing a small amount of products they excel at, for having the raw material, knowledge and/or technology to do so.

The division of labor is about breaking down the production process of a good in <em>different parts</em> performed by <em>different people</em> instead of having all workers performing all the tasks. The idea is to let workers be <em>specialists</em> in a small amout of tasks so that they can be more efficient and overall productivity can be greatly increased. This concept was introduced by the <u>'father of economics'</u> Adam Smith in his book "The Wealth of Nations" released in 1776.

Specialization and division of labor are complementing concepts that bring a company an increase in productivity and helps achieve economies of scale.

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Answer: Consumer behavior

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The researcher studies the impacts on the buyers which might be from either their colleagues and household or any group in the society.

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4 years ago
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Dmitry [639]

Answer:

knowledge areas

Explanation:

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In Project management, the "knowledge areas" are very important for project managers in order for them to develop. They are necessary for effective project management.

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3 years ago
Poor business communication is characterized by: writing that takes less time to read and understand. writing that involves mini
LuckyWell [14K]
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3 years ago
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Svetach [21]

Answer:

The company's profit will remain unchanged.

Explanation:

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3 0
3 years ago
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BlackZzzverrR [31]

Answer:

Sam’s Home Store can enforce the contract against Restore Construction Company

Explanation:

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