The increase in labour productivity either by the use of new technology or new techniques can be plotted up for a given product and compared with the old productivity without the increase to build up a production possibilies frontier curve to show how production increases accordingly and if possible, project it into the future somewhat.
<span>Operational Excellence.
The strategy used by McDonald's matches Terry Hill's 5 step method for attaining operational excellence.</span>
Answer: The answers are given below
Explanation:
Personal income distribution focuses on how income is being shared among the individuals in a nation while the functional income distribution has to do with the amount of income that is relative to the production factors
A progressive tax is a type of tax whereby the high income earners pay a larger percentage of their income than those that are from the low income groups while a proportional tax is a type of tax whereby everyone whether from high or low income group pays the same percentage as tax.
The problem of progressive taxation as a means to achieve greater equality in income distribution is that it encourages inequity. The aim of the progressive tax system is to bring about fairness whereby everyone in the economy will pay a fair share but the reality is that actually leads to many households paying more than the amount they should fairly pay while some pay close to nothing. It can also lead to the disincentive to work hard. When workers realize that a higher percentage of their income will be deducted as tax, they may reduce their commitment to work which lead to reduction in productivity.
Answer:
1. Manufacturing
2. Service
3. Merchandising
4. Manufacturing
5. Hybrid type of business
Explanation:
I'm not sure about my answers but- they are based on logic if you look closely at each picture
¯\_(ツ)_/¯
Answer:
cumulative quantity discounts
Explanation:
Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.
