Answer:
high-involvement organization
Explanation:
A high-involvement organization has a higher level of involvment from staff at all levels. The idea behind this approach is that higher staff involment increases performance and worker well being.
Answer:
The correct answer is letter "D": better match the complexity of the real world.
Explanation:
Economists create models to <em>reflect real-world phenomena through simplified concepts</em>. Those models tend to adopt the most variables possible of economic events to analyze them in-deep, find out why they happen, attempt preventing them or finding a solution for them if feasible.
To make an income and earn
Answer:
Premium, value
Explanation:
Premium Pricing Strategy: this a strategy used by companies to drive up the prices for their products. This strategy is used when customers can be convinced that a company will offer a higher value than its competitors.
For example, looking at the prices of a Rolls Royce Phantom and a Toyota, one costs $450,000 and the other costs $25,000, both will take you from your office to your house, but some customers will prefer to buy the Rolls Royce, this is because of the value the Rolls Royce offers.
Value: this is the worth or usefulness of something. Therefore, if a company can offer value for money, customers will be willing to pay.
Answer: (C) Just-in-time (JIT)
Explanation:
The just-in-time is one of the type of inventory system that reduced the overall amount of the inventory goods and the services that is owed by the manufacturer in the business.
It is also known as JIT inventory system and the main aim of this type of system is to increase the efficiency of the products and the services in an organization and reducing the wastage in the production process.
According to the question, the just-in-time inventory control system creating the production for the short time period and for the few hours also ans they reduce overall inventory cost in the system.
Therefore, Option (C) is correct.
