Answer:
The government has two major roles;
a. The role of a rule maker.
b. The role of an umpire.
Explanation:
a.
A free enterprise system is an economic model where the prices and quantities produced are determined by the market rather than the government. The government usually has limited or no control on the market forces. In other words, a free enterprise system is an ideology where the market is majorly controlled by private businesses. The foundation for free markets are; voluntary trade, private ownership of property and competition in bidding. However, a government controlled economy usually has the following properties, namely; all property is publicly owned, trade is coerced and there is limited competitive bidding. Even though the government has a limited role in a free enterprise system it still has a role in allowing individuals to operate freely in the market. The roles of the government are; rule maker and umpire.
b.
In a free enterprise system, individuals are allowed to do their transactions without any restrictions. Even though individuals are free to operate, there needs to be rules to make sure that the transactions are in deed free. This is where the government comes in to enforce the laws that govern the smooth running of a free enterprise system. The government's role as an umpire means that the government has the authority to solve disputes resulting from different interruptions of the law.
Excessive spare parts inventories, a lack of transferable employee skills, increased support costs.
Answer:
A) attractive; timely; durable; and anchored in a product, service, or business that creates or adds value for its buyer or end user
Explanation:
A true business opportunity;
- is attractive, must have high profit expectations.
- must be durable, should last at least a few years, not only a one time event.
- must present itself at the right moment and time. Sometimes great ideas are left behind because they are too disruptive, e.g. the Nash Rambler built in 1950 was the first compact car but wasn't very successful. Japanese compact cars became successful in the 1970s.
- must be anchored in a product or service that your company can provide that satisfies consumers' needs.
Answer:
The description of the given term "Business operations" is provided below.
Explanation:
- Together with all measures essential to manage as well as generate money besides your firm, is considered as business operations.
- Sometimes a component devoted to the industry would be included throughout the marketing strategies, enough so founding members comprehend or recognize the authoritarian leadership style, machinery, personnel, including procedures.
Answer:
B
Explanation:
Outsiders who were once employees
Because they have the inside information. And if your up to any tricks, they'll know! And you'll basically be at their liberty.
