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larisa86 [58]
3 years ago
15

What are the advantages a market economy offers producers?

Business
2 answers:
grandymaker [24]3 years ago
7 0
<span>monopoly of bigger companies
free advertising for small businesses

</span>
kiruha [24]3 years ago
6 0
<span>The most beneficial advantages for producers is open market economy because it is lead to more innovation and research & development through the absence of red tape. Producers don’t have to wait for the government to tell them what to make. They study demand, research trends and meet the customer’s needs through innovation. So, also encourages competition amongst firms to improve their product and service.</span>
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The difference between the minimum price at which a producer is willing and able to sell a unit of a good or service and the pri
kap26 [50]

Answer:

Seller Surplus

Explanation:

In business terms, there is a difference in the expected value what a seller expects to receive from the products it sells and from the amount it actually earns.

The cost of the product not only involves the monetary cost but it also involves the cost in terms of efforts involved to produce an article.

When a seller puts a product in the market, then he tries to have it a market value more than its cost. When such market value is realised then the difference in cost and market value is surplus for the supplier or producer.

But in cases where the consumer is efficient enough to bargain such product and only pays an amount which is less than the cost, then there arises seller deficit, which is represented as a negative seller surplus.

4 0
3 years ago
Those who implement the policies and plans of top management above them and supervise and coordinate the activities of the first
liq [111]

Answer:

Middle Management

Explanation:

According to my research on different business roles and responsibilities, I can say that based on the information provided within the question the role being described is called Middle Management. These are the intermediate management level of an organization that is responsible for ‘team leading’ line managers and/or ‘specialist’ line managers, as well as being responsible for lower level performance and productivity.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
For a sales​ promotion, the manufacturer places winning symbols under the caps of of all its soda bottles. If you buy a​ six-pac
Kaylis [27]

The probability that you win​ something will be 1.

What is an probability in statistics?

The probability serves as a gauge for how likely an event is to occur. It gauges how likely an event is. P(E) = Number of Favorable Outcomes/Number of Total Outcomes is the formula for probability.

Can the probability of an event be 1?

If the chance is 1, the event will occur. There would be nothing you could do to prevent a road traffic collision if the likelihood of one was 1. It will occur. In reality, probability connected to commonplace events ranges between 0 and 1.

Can a probability be negative?

Although a quasiprobability distribution permits a negative probability or quasiprobability for some events, the probability of the result of an experiment can never be negative. These distributions may be applicable to conditional probability or unobservable events.

Learn more about probability: brainly.com/question/14210034

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6 0
1 year ago
Peter is software designer working at a big software company. He just found out that he has been shifted to their downtown branc
frosja888 [35]

The answer is: Autocratic or authoritarian environment

In authoritarian environment, the upper managers do not involve the lower level employees in the decision making process.

This company value a strong chain of command. This mean that the employees of such company are expected to be fully obedient to the decisions by the higher level managers even if the decision is extremely inconvenient to them/.

5 0
3 years ago
Read 2 more answers
Which hr competency refers to the ways hr employees guide others in the organization?
Kazeer [188]

The HR consultation is the branch of Hr competence which refers to the ways hr employees guide others in the organization.

<h3>What is an HR consultation?</h3>

This refers to the practice of delivering all aspects of human resource management as an external provider including client development, contracts and client management.

Therefore, the HR consultation is the branch of Hr competence which refers to the ways hr employees guide others in the organization.

Read more about HR consultation

brainly.com/question/14866353

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8 0
2 years ago
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