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Ilia_Sergeevich [38]
3 years ago
6

FaveMart, a discount chain store, offers the same basic products in all of its stores. It has a state-of-the-art distribution ne

twork, and it ships massive quantities of products to its stores around the world. Due to large quantities, the shipping is very economical, and the store is able to offer lower prices than competing retailers. FaveMart follows a _____ approach for innovation. a.
Ethnography b.
They can be product oriented. c.
production orientation d.
attribute
Business
1 answer:
Nikolay [14]3 years ago
4 0

Answer:

c. production orientation  

Explanation:

Production orientation approach for innovation -

It refers to the method of production , the quality of product is very important , as a good quality product is sold very easily , is referred to as production orientation approach .

The concept is used along with targeting the right area of audience , in order to produce the best products , and the targeted consumers can efficiently use them , which will increase the demand of the product , and hence , the profit of the company will increase .

Hence , from the given scenario of the question ,

The correct term is c. Production orientation approach for innovation.  

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Prior to labor unions, both the employer and employee had the legal right to terminate an employment
Kruka [31]

Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.

The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.

The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to <u>only hire members of the union</u>, while an open shop is just the opposite.

Collective bargaining, on the other hand, is the long process in which the workers of an institution work through their labor unions in order to <u>negotiate contracts </u><u>and the terms of </u><u>employment</u><u>, which include income and benefits. </u>

Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.

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3 years ago
When demand for a product changes because of its price, this product is said to be elastic.
IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

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Economic efficiency requires that a natural monopoly's price be: Select one: A. equal to marginal cost where it intersects the d
slavikrds [6]

Answer: A. equal to marginal cost where it intersects the demand curve

Explanation:

In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.

In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.

The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.

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3 years ago
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What was robert jacobs and richard chase (2018). operations and supply chain management, 16th edition; (COMPLETE QUESTION)

With a light emphasis on quantitative coverage, Operations and Supply Chain Management, 16e covers the full spectrum of Operations Management and Supply Chain. It offers pertinent and up-to-date Operations Management topics with an emphasis on economics and the global economy, analytics content that uses math models to link decisions to pertinent data, and proper problem-solving techniques.

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True or False, The Occupational Outlook Handbook is a reference book designed to help determine personality types?
Galina-37 [17]
It is FALSE.

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