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Finger [1]
3 years ago
14

Allocation of resources is inefficient only if:________

Business
1 answer:
weqwewe [10]3 years ago
6 0

Answer:

<em><u> we produce the goods and services that  people value less</u></em>

<em><u>Explanation:</u></em>

<em><u>Remember, </u></em> an inefficient activity is one that<em> fails</em> to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing<em> laptops.</em> However, it later determined that the allocated resources were inefficient since most consumers according to a  survey now prefer <em>tablet</em> <em>computers. </em>The company received low sales volume as result.

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To handle products in the decline stage of the product life cycle, companies often use either a ________ strategy or a ________
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Decline techniques are also known as protective techniques and are pursued when a business enterprise finds itself in an inclined position as a result of negative management, inefficiency, and ineffectiveness.

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1 year ago
Jessica owns a small trading company. The company buys small vending machines from a manufacturer and sells them to the a retail
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Retailers make profits by buying goods at a wholesale or factory price and selling them at a higher retail price.

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