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3 years ago

Which term refers to a purposeful activity that leads to action, improvement of practice, and better client outcomes?

Business

2 answers:

Stels [109]3 years ago

8 0

Answer: Critical thinking

Explanation: Critical thinking can be defined as the analysis of complex subject matters of the business. Critical thinking helps in betterment of business operations and lead to better client outcomes.

Critical thinking process is performed by the top level management with the intent of making decision that could affect the business overall.

iogann1982 [59]3 years ago

6 0

Answer:

Reflection refers to a purposeful activity that leads to action, improvement of practice, and better client outcomes.

Explanation:

Reflection is the concept of comprehended as a meaningful activity that leads to action, improvement, and better results with clients. So as we can see reflection is a trigger to improve, as well as a reason to do something with high effort and with the intention to obtain a nice outcome with the clients. It is a good orientation to success and it can lead to very good growth of the business.

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Explain the relationship between the factors of production and how that creates a

Degger [83]

Answer:

Natural resources (land)

Labor (human capital)

Capital (machinery, factories, equipment)

Entrepreneurship

Explanation:

nature is the first key of success like having a land to start up

labor is the teamwork needed support between all ( all for one, one for all)

capital is needed just like food, no money no business

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3 years ago

Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3

Anika [276]

Answer:

60 pizzas

40 pizzas

Explanation:

Marginal product measures the change in output as a result of a change in input by one unit

Marginal product = change in output / change in input

Marginal product for the 4th worker

Change in output = 360 - 300 = 60 pizzas

Change in input = 4 - 3 = 1 worker

Marginal product = 60 / 1 = 60

Marginal product for the 5th worker

Change in output = 400 - 360 = 40 pizzas

Change in input = 5 - 4 = 1

Marginal product = 40 / 1 = 40

It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.

The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.

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