Answer:
C. process innovation
Explanation:
Based on the information provided within the question it can be said that the approach being used in this scenario is known as process innovation. This refers to implementing significant changes to the current techniques, equipment and/or software of an organization in order to significantly improve the overall processes/costs/products of the organization. Which is what Dr. Shetty has done by implementing thousands of small changes in order to drastically lower the costs.
When efficiency is disrupted in pure competition producers will reallocate resources until product supply is such that price will again equal marginal cost.
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Explanation:</u></h3>
Marginal cost refers to the cost that is incurred due to the production of additional one unit of any goods or services. It includes all the cost in the production of the extra one unit of the product or services. For instance consider an organisation is planning to build a new machine fore the product of a product and the cost associated with building the new plant will be the marginal cost.
Pure competition market is also called as perfect market. Here there will be a large number of sellers who are the competitors selling a same product. In such a market when the efficiency gets disrupted, then the producers can involve in the reallocation of resources until product supply is such that price will again equal marginal cost.
An organization's standards of right and wrong that influence employee behavior are referred to as ethics.
<h3>What is meant by ethics?</h3>
This is the term that is used to refer to the ways that the people in an organization would be able able to conduct themselves to the established rules that are in existent in a given establishment. It is the way that the people would follow the moral part of the company and stay on the oath of what is considered to be good.
Hence we can say that An organization's standards of right and wrong that influence employee behavior are referred to as ethics.
Read more on ethics here: brainly.com/question/14378044
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Explanation:
Win-win approach to reward
allocations
Answer: $110,432
Explanation:
The cost allocated to the Office furniture is the percentage of total appraised cost * the price paid for the basket purchase because it shows what proportion of the Basket Purchase should be ascribed to the Office furniture.
Total Appraised value = 140,000 + 460,000 + 110,000
= $710,000
Office furniture Proportion = 140,000/710,000
= 0.1971830985
=0.1972
Amount to be allocated to Office furniture = 0.1972 * 560,000
= $110,432
$110,432 should be allocated to the office furniture.
= $110,422.
