An organization is more likely to generate above-average returns the more it can positively impact the environment of its industry.
The general rules of competition that affect all companies that offer comparable goods and services. Industry environment is a concept that Harvard professor Michel E. Porter advanced into the forefront of strategic thinking and company planning. The core of his work, which outlines the five factors that affect industry competition, first appeared in the Harvard Business Review. Strategic managers can link distant issues to their influence on a firm's operating environment with the use of his well-defined analytical framework.
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In the long run, the most important factor shifting the SRAS curve is productivity growth.
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What do you mean by productivity growth?</h3>
Productivity—in economic terms—is how much output can be produced with a given quantity of labor. One measure of this is output per worker, or GDP per capita.
Since 1947, the U.S. corporate sector has been able to create nine times more goods and services with only a little increase in labor hours thanks to productivity gains. An economy may create and consume more goods and services for the same amount of effort when productivity is growing.
Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
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Answer:
The $12,000 is the material handling cost should be assigned to products made in March.
Thus, the correct option is a. $12,000
Explanation:
For computing how much of the material handling cost should be assigned, first we have to calculate the per pound of material. The formula is shown below:
Per pound of material = Labor cost ÷ Number of pounds
= $160,000 ÷ 800,000
= $0.2 per pound of material
Now, multiply this per pound of material with moving pounds.
In mathematically,
Material Handling cost = Per unit of pound × Moving material
= $0.2 × 60,000
=$12,000
Hence, the $12,000 is the material handling cost should be assigned to products made in March.
Thus, the correct option is a. $12,000
Answer:
C. moral hazard.
Explanation:
Moral hazard -
It is the condition , where the person take more risk , as he or she is aware that someone else need to bear the risk , is known as moral hazard .
In this case , one of the party can change the damage of other after any type of monetary transaction has occurred .
Hence , from the question ,
The statement given in the question , is about Moral hazard .
