Answer:
uniformity of output
Explanation:
Based on the scenario being described within the question it can be said that this difference is in terms of uniformity of output. This term refers to when manufacturing or in this case business operations are smooth and efficient, but output is more variable than not. Which is exactly the case in this scenario since Stephen is able to give various haircuts in a single day making him very efficient, but the quality (output) of those haircuts are not always the same thus they are variable.
<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>
Answer:
True
Explanation:
The satisfaction of customer is the key need of survival for any business.
As the customer satisfaction will result into good branding, economic support and vital performance booster for the organisation.
Customer satisfaction ensures that the organization is socially and economically viable, and equally capable of running business with the perspective of growth.
Thus the above stated statement is
True