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Norma-Jean [14]
3 years ago
12

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

Business
1 answer:
love history [14]3 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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when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with
Debora [2.8K]

when hilton hotels hired ross klein and amar lalvani from starwood hotels, klein and lalvani took many electronic documents with them from starwood. what they did was simply good business and presented no ethical problems.

This problem is a False Statement.

What is ethical problems?

An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.

Therefore,

This problem is a False Statement.

To learn more about ethical problems from the given statement:

brainly.com/question/17426643

5 0
2 years ago
James is the human resource manager at a large bottle manufacturing company. Ten years ago, when the business moved to its curre
Svetllana [295]

Answer:

departmentalization

Explanation:

Departmentalization is defined as the process of grouping various activities according to departments.

Each department tends to specialise in the assigned activity. This method promotes division of labour where a group of people specialise in one activity.

In the given scenario James is restructuring operations around three product lines to increase speed and effectiveness of decision making.

This is departmentalization with a view of increasing process efficiency

5 0
3 years ago
What are the implications in formal communication to managers at a workplace
Nimfa-mama [501]

Formal communication ensures a proper channel of information flow between the superior and their corresponding subordinates. This results in a clear establishment of line of authority and workflow. Making responsibilities clear for subordinates is very efficient in this form of communication.

7 0
2 years ago
Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own bus
Ira Lisetskai [31]

Answer:

C) $4,000

Explanation:

To calculate economic profit we can use the following formula:

economic profit = total revenue - (accounting costs + implicit costs) = (total revenue - accounting cost) - implicit costs

where:

  • accounting profit = total revenue - accounting cost = $50,000
  • implicit costs: ($20,000 x 5%) + $45,000 = $1,000 + $45,000 = $46,000

economic profit = $50,000 - $46,000 = $4,000

3 0
3 years ago
Drea is facing an ethical dilemma and is unsure how to proceed because there seems to be no “right” answer for everyone. Her bus
Fudgin [204]

Since Drea is facing an ethical dilemma and she wants to have the best option to her ethical dilemma, for the second step, she wouls have to: Identify feasible options. Option b.

<h3>What is an ethical dilemma?</h3>

In philosophy, ethical dilemmas—also known as ethical paradoxes or moral dilemmas—arise when an agent must choose between two competing moral obligations, none of which takes precedence. A definition that is similarly comparable describes ethical situations as ones where there is no right decision to be made.

An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.

An ethical conflict is an opposition between two morally righteous actions. A disagreement exists between two values or principles. The problem is that by choosing one correct action, you will invalidate the other right course because you would be acting both rightly and wrongly at the same moment.

Read more on ethical dilemma here: brainly.com/question/3838938

#SPJ1

3 0
1 year ago
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