Answer:
The answer is: b
Explanation:
At equilibrium the quantity of oil supplied is equal to the quantity of oil demanded at the equilibrium price. In summer, two events will occur which will trigger a move from equilibrium.
- A decrease in the supply of oil
Holding all else constant, a leftward shift in the supply curve leads to higher oil prices and lower quantities of oil.
- An increase in the demand for oil
Holding all else constant, a rightward shift in the demand curve leads to higher oil prices and higher quantities of oil.
In both scenarios, the shifts will result in higher oil prices but the change in quantity is ambiguous.
A focus group is a free-form meeting of 6–10 customers where a moderator solicits their opinions about a company's and its competitors' products.
<h3>What is the focus group?</h3>
A focus group is an interview with a small group of people that have similar features or contents, in addition to having a similar demographic. This is an informal gathering of six to ten customers, where a moderator asks them about the products of the company and its rivals.
Therefore, A focus group is an interview with a small group of people who have similar characteristics.
Learn more about the focus group, refer to:
brainly.com/question/13024118
#SPJ1
Answer:
The correct option is A. $15,000
Explanation:
For computing the real GDP per person, the following formula should be used which is shown below
= Average labor productivity × share of population employees
where,
Average labor productivity is $30,000
And, the share of population employees is 50%
Now put these values to the above formula
So, the answer would be equal to
= $30,000 × 50%
= $15,000
Hence, real GDP per person is $15,000
Therefore, the correct option is A. $15,000
Answer: working as a team sets up organizations for outstanding success and Improvement of team members
Explanation:
Working as a team has been a great help for most organizations. It's been realized that success experienced by many firms has been a result of what the teams accomplished when they worked together on a project, here are some reasons why they become prevalent;
1) Unity is being fostered within their activities, everyone is able to understand each other and know how to cooperate with the other
2) Productivity and efficiency is usually on the high as teams that work together put in a lot of energy to be productive in many efficient ways
3) There is an opportunity to learn from the group, thereby improving the skills of everyone on the group
They provide a competitive advantage when they work together, with everyone's effort, progress, success and achievement's are bound to occur.
Answer:
Total quality management (TQM) is the continual process of detecting and reducing or eliminating errors in manufacturing, streamlining supply chain management, improving the customer experience, and ensuring that employees are up to speed with training.
Explanation:
Total Quality Management, TQM, is a method by which management and employees can become involved in the continuous improvement of the production of goods and services. It is a combination of quality and management tools aimed at increasing business and reducing losses due to wasteful practices.
