The state has extensive authority to determine what goods and services are produced and in what quantities under centrally planned socialism.
A Centrally Planned Economy: What Is It?
A centrally planned economy, commonly referred to as a command economy, is a form of capitalism where decisions about the production and distribution of goods are made by the government. Market economies, where these decisions are the consequence of hundreds of choices made by producers and consumers, are different from centrally planned economies.
Although individual businesses may occasionally be brought into economic planning, state-owned corporations produce goods and services in planned economies frequently. In most cases, a centralized bureaucracy determines the costs, salaries, and production schedules.
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Answer:
1. To insure the effective operation of an organization.
2. To review compliance with a multitude of administrative regulations.
3. To instill a sense of confidence in management that the business is functioning well and you are prepared to meet potential challenges.
4. To maintain/enhance the organization’s reputation in the community.
5. To perform a “due diligence” review for shareholders or potential investors.
6. Not all policies, practices, and procedures are committed to writing. It is vitally important that companies have a process to ensure that everything stays up-to-date and legal, AND actually works as intended.
Explanation: smort doggo is off to another question
This correlation means that: AS THE NEED FOR SOCIAL APPROVAL INCREASES, THE DIVORCE RATE DECREASES.
In negative correlation, the two measures that are been considered usually have inverse relationship between them, that is, as one is increasing, the other one will be decreasing.
Answer:
The correct answer to the following question is Customer training .
Explanation:
When it is not easy to differentiate between the products, what business can do to get competitive advantage is to add some valued services with the product and improve the quality of the product. The service that can be added are order easing , customer training, customer consulting, deliver, installation, maintenance and repair.
Here customer training means providing the customers with necessary training and tools , which would help them in successfully using the product and services.
