Answer:
b. First movers have an advantage because their customers avoid switching costs.
Explanation:
First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.
Answer:
Absolute advantage
Explanation:
Absolute advantage is an economic term that describes a country's superior production capacity. It means that one country can produce a larger output using the same quantity of inputs. The country uses few resources and low costs to produce the same quantity and quality goods compared to other countries.
For example, Brazil produces more bananas cheaply than the US. Brazil has an absolute advantage.
Answer:
The motivational approach.
Explanation:
Perceptual-motor approach: this approach focuses on the mental capabilities and limitations of people. The aim of this approach is to design jobs in a way that ensures that a person's mental capabilities and limitations are not exceeded.
Motivational approach: the motivational approach is the approach of motivating employees through giving them meaningful, enriching jobs which lead to satisfaction. They are placed in their jobs because of the skills and talents that they have. Some are given the responsibility to do complete jobs. Some are motivated by the significance of the task and also the freedom to be able to perform that task. They also get direct feedback about their performance.
Ergonomic approach: this is the process of improving work for employees by removing risk factors, taking into account their physical capabilities and limitations. It is making the job safe for employees.
Mechanistic approach: is the approach of looking at jobs based on tasks done and repetitive movements.
Biological approach: this approach focuses on the physical factors of a job. It focuses on ways to eliminate or limit injuries and other physical problems that might happen in the workplace.
The approach used on Tommy is the motivational approach because he was not moved because of the pain or boredom but he was moved after taking a test that showed them that he is creative while the job he currently held didn't give him a chance to show his creativity and so he was moved where he could become creative in the way that he displayed the produce, which would be meaningful to him.
The answer would be: A. Attract investment
When developing nations attract investment from more developed nations, it will open up a lot of job opportunities for the people in the Developed nations. This will make an average citizen in that nation have a higher disposable income that they could spend to increase their standard of living.
Development is the process of an economy’s increasing industrialization, standard of living, and economic wealth.
When there is a development in economics, they focus on improving the fiscal economic and social conditions in developing countries. Development does not happen over night or at a fast pace but eventually the areas they want to have developed become more economically sound to keep up with the economy's needs. There are 4 stages of economic development, they are expansion, peak, contraction and trough.