Answer:
Suppose the production of a good results in positive externalities. The market will tend to <u>overproduce</u> this good and the good's marginal social benefits curve will <u>lie to the left of the good's demand curve.</u>
Explanation:
A positive production externality is the positive effect an activity imposes on an unrelated third party such as the positive effect production activity has on the market.
A positive externality exists if the production and consumption of a good or service benefits a third party not directly involved in the market transaction. For example, education directly benefits the individual and also provides benefits to society as a whole through the provision of more responsible citizens.
Answer:
Sole Proprietorship and Partnerships both have unlimited liability.
An advantage to Corporations as a business organization is that they enjoy unlimited life and limited liability.
Explanation:
A disadvantage of both sole proprietors and partnerships business is having unlimited liability because if the sole proprietors and partnership businesses loss, they have to pay the debt by selling their assets.
Corporations cannot be dissolved if any director or executive officer dies, and owners are liable up to that portion they have invested for the corporation.
They are problems that come from social/people and economic/money
Businesses face increased costs of finding/recruiting/training replacements.
• The pool of available skilled workers is getting smaller due to the high rate of HIV
infection.
• The costs of finding replacement employees and recruiting are high.
• Business need to invest money in programmes to educate the workers regarding
Costs such as insurance/retirement funds/health/safety are higher as a result of HIV for
the business.
• Businesses face increased costs of paying benefits like housing subsidies, medical care,
funeral care and pension funds.
• Staff morale might be low as they are concerned about their health thus lowering productivity
Answer:
Right option is A
Social Gatherings, Family Outing, Evaluating
Explanation:
An integral part of the success of a marketing strategy is sales force management. Sales force management consists of the following actions: -
1)Recruiting is the center of effective sales. One approach to choosing is to ask the customer what characteristics he is looking for in a sales representative. Companies are developing a selection process where behavioral and managerial skills are tested.
2)Training is important to stay ahead of the competition. The sales department must undergo training before entering the market, as well as training at different stages of the product life cycle.
3)Sales supervision is determined by the product portfolio profile. General control is conducted in relation to sellers dealing with potential customers. Another observation is related to effective time management from preparing a client’s call to closing a deal.
4)Motivation is a key aspect of sales force management. Here, compensation plays an important role in increasing motivation. Compensation may be awarded based on a sales quota. Other motivational tools are social gatherings and family walks or outings.
5)Evaluation is essential for managing your sales team. Sales reports submitted by the sales department provide a good starting point for evaluations.
