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Norma-Jean [14]
4 years ago
12

How can specialization benefit both producers and consumers in a free market economy?

Business
1 answer:
love history [14]4 years ago
8 0
Specialization benefits buyers and sellers. Focusing on a limited number of related products or services allows them to use capital and labor more efficiently.So , buyers get better products at lower price and sellers sell more products and they manufacture more products at lower costs.
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_____ form a part of the microenvironment that influences retail management decisions. competitors technologies politics
Delvig [45]

One part of the microenvironment that may influence the retail management decisions is technologies. It is because a microenvironment is considered to be a factor in which affects the performance of a certain decision. And that the retail management decision always focuses more on certain factors that would likely affect the choices of their consumers such as stores, internet or even technologies.

8 0
3 years ago
• what downsizing targeting methods do you feel are the most effective? • which are the least effective, and why? • if you had t
vovangra [49]
<span>When downsizing employee the most effective method I feel will be to based the decision on facts or documented evidence that may be difficult to dispute. The source of data can be used maybe the last few performance appraisal results, absenteeism , productivity rate and other soft skills to measure suitability to the job. Create a matrix identifying the criteria and measure the grade of each employee based on the criteria. In a way this is a measured evaluation. The least effective i would think are those decisions based on emotional considerations.</span>
7 0
3 years ago
When a local walmart is open 7 days a​ week, 24 hours a​ day, which form of utility is it providing to​ customers?
Vladimir [108]
Answer: TIME UTILITY

When a local Walmart is open 7 days a week, 24 hours a day, it is providing the customers with time utility. Economic utility includes Form utility, Time utility, Place utility and Possession utility. Time utility refers to the availability of products when the customer needs them. In this utility, the company chooses the hours and days when products and services are available to the customers according to the needs of the customers.
6 0
3 years ago
You are asked to assess the current service model for a manufacturing line featuring 8 machines. Based on empirical data you hav
xeze [42]

Answer:

A) 14.72 hours

B)  An additional worker should be hired since the lost work time is 14.72 hours

Explanation:

Number of machines on manufacturing line = 8

percentage of machine been down = 23%

number of workers capable of running and repairing machines = 2

machine productivity ( per machine ) = 18 units/hour

overhead cost / machine = $713

hourly rate paid per worker  = $15

Total number of work hours = 8 hour

A) calculate Total amount of lost worktime

 = number of machines * Total number of work hours * 23%

= 8 * 8 * 23% = 14.72  hours

B) An additional worker should be hired since the lost work time is 14.72 hours

7 0
3 years ago
The office of management and budget helps determine _____.
MissTica
How much money to give federal agencies
3 0
3 years ago
Read 2 more answers
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