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Cerrena [4.2K]
3 years ago
7

A firm in a purely competitive labor market is a wage taker because

Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

employees don't accept the wage if the firm goes for lower wages.

Explanation:

A <u>purely competitive labor market</u> means that employees have more bargaining power in the employer-employee relationship. They usually wouldn't settle for the wage initially offered by employers, which is mostly low at the start. They gave the impact to influence the wage, due to the labor market structure (high need for labor, or decreased number of competitive employees). Therefore, the firms in that kind of labor market are wage takers.

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Which of the following is most necessary for specialization among producers to take place? A. Free trade B. Competition C. Scarc
Lelu [443]
I think the answer is C, Scarcity.

But it depends, are you talking about plants or the consumer market? Because there also is specialization that occurs in flora species as well.

But I hope this helps!
6 0
3 years ago
Read 2 more answers
Angela has an annual contract with Stenbach Service Centre to provide property maintenance services; this includes lawn care, sn
timurjin [86]

Answer:

Angela and Stenbach Service Centre

Contract for Service and Contract of Service:

1. Angela has a contract for service.

2. Factors used to decide whether a contract is for service or of service:

a) Employment terms are slightly different from business contract terms.

b) Employees are paid Wages and Salaries, while contractors are paid fees.

c) Employees do not submit monthly invoices for payment, but contractors do.

d) Angela fills tax forms for herself and remits the taxes, so she is self-accounting with respect to her income taxes, unless withholding taxes like Sales taxes.  An employee's income tax is deducted from her salary before payment and the company remits the taxes to the IRS.

Explanation:

The agreement between Angela, a self-employed individual, and Stenbach Service Centre is a contract for service.   A contract of service is an employment contract between Stenbach Service Centre, the employer, and the Payables Supervisor, an employee, for example.  Essentially, Angela can be described as an outsourcer for services vendor or service provider to Stenbach Service Centre, an outsourcer of service company.  Angela is engaged for a fee to carry out property maintenance services, including lawn care, snow removal, and parking lot maintenance.  She is an independent contractor with Stenbach.  She does not need to work on any day and she can subcontract her work by hiring others to help her discharge the service.  An employee, like Chris, cannot hire another person to discharge his responsibilities and must work on designed days.

Another important difference is that Angela submits monthly invoices for actual work done.  An employee does not have to submit an invoice in order to be paid for work done.  Angela's invoices will not be of the same amount from one month to the other, unlike Chris' whose salary pay sheet may be static in amount from month to month.  

5 0
3 years ago
________ are the standards stating the amount salespersons should sell and how sales should be divided among the company's produ
Alina [70]

Answer:

<u>Sales Quotas</u>

Explanation:

Sales quotas specify the quantum of sales standards in terms of monetary value of sales that must be effected by salespersons and the segregation of sales among different products of a company.

Such quotas help in creating an incentive system i.e performance above standards which would be rewarded, and thus serve as a motivation for sales force.

Such a mechanism also helps in comparing and analyzing the sales trends of the past, the standards set and how effectively the standards have been met.

This helps in ascertaining and evaluating productivity of a sales team and defines efficient performance.

8 0
3 years ago
A primary disadvantage of the corporate form of organization is:
yaroslaw [1]

Answer:

Corporate earnings are subject to double taxation.

Explanation:

A corporation can be defined as a business that is owned by its shareholders. These various shareholders have the responsibility of putting in place board of directors to supervise the daily activities of the organization.

The ownership of a corporation by shareholders is fully represented by their shares of stock.

Corporate form of business organization assures the owners of their personal asset protection. Various organisations operating in a corporate form find it easier to borrow money, this provides a wide opportunity for the growth of the company.

4 0
3 years ago
Gavin is a salesperson for an advertising company. He sells ads to customers directly.
wariber [46]

Answer:

Personal selling.

Explanation:

Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.

Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.

6 0
3 years ago
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