This team leader is a system thinker able to understand the big picture.
Even though one department has slowed down, the over all process speed and output has increased. The team leader is looking at the “big picture” in that the process has been improved and made faster, regardless of the fact that one department takes longer with the new process.
Answer:
b
Explanation:
when firms enter into an industry, there are more firms competing for customers. This would shift the demand curve to the right as supply increases. An increase in supply would lead to a reduction in price.
If firms leave the industry, there would be a reduction in supply and price would increase
Likely yearly cost based on the above information and no other expenses is $4,800
