Answer: Human resources.
Explanation:
Competitive advantage of a business is the key qualities a business possesses, that makes the business products more desirable to the consumers than that of it's competitors in the market.
The Competitive advantage, The Place has over it's competitors is it's talented human resources.
Answer:
B. A higher unemployment rate
Explanation:
High union memership can increase unemployment in two ways:
- Creating a barrier of entry because non-unionized workers can be barred from getting employed in industries with high union membership.
- Pushing salaries above the marginal productivity of labor, especially the minimum wage, causing firms to hire less because hiring becomes more costly.
Answer: Decision-Making
Explanation:
Decision-making is the process by which we choose the best perceived alternative to follow after evaluating the available alternatives for their costs and benefits.
These costs and benefits are not only monetary in nature. They can include our values as well as our beliefs and the things we prefer. They also include time as well. Every decision is unique with these and that is why every decision must be evaluated in its own right.
The cycle time of this process for the firm is 2.89.
<h3>What is a Cycle Time?</h3>
This refers to the average time between the start of production of one unit and the start of production of the next unit of production
Cycle Time = Net time available to work / Customer demand
Cycle Time = 1.1 + 1.5 / 0.9
Cycle Time = 2.88888888889
Cycle Time = 2.89.
Therefore, the cycle time of this process for the firm is 2.89.
Read more about cycle time
<em>brainly.com/question/18802868</em>
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<u>Explanation:</u>
Note, the term diminishing marginal utility refers to an economic principle that states that the more unit of a particular commodity or service we consume, the more the satisfaction (utility) derived out of the consumption reduces or diminishes.
For instance, if I watched movies produced by a particular entertainment company for several days (eg Disney Studios), I may become dissatisfied using this particular entertainment provider and may decide to try another service (Netflix).
Another instance could occur after exercising, I'm given 3 bottles of coke, after taking my first bottle, the amount of utility I derive would reduce until I get to the third bottle, at this point I've reached my peak.
The law of diminishing marginal utility failed for someone I know who had used the same type of toothpaste and brushed her teeth at least once a day for a period of over 10 years.
