The capacity to execute a business meeting is a crucial management skill because it shares information about the business, offers team progress updates, solicits and provides input, solves problems, makes decisions, and starts maintaining, sometimes, ends relationships.
<h3>What is management skill?</h3>
The action of skills management is to understand, foster, and apply people's abilities. A well-executed skills management strategy should be able to pinpoint the skills that particular job roles need, and the abilities of specific individuals, in addition to any gaps between the two
<h3>Why are management skills important?</h3>
The management's ability to interact with other staff members and effectively deal with subordinates allows the organization's business operations to run smoothly. Any company must have efficient management skills in order to thrive and achieve its objectives and goals.
To know more about management skills visit:
brainly.com/question/4418916
#SPJ4
The total number of imported widgets with a $3 tariff will be 40.
Hope this helps love! ❤️❤️
Inventory value of Cold stone Corporation as on 31/12/2021 is $ 58,600 at cost value and $61,530 at retail value
Explanation:
In the United Kingdom, Retail price index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
LIFO - last in first out method .,means the inventory purchased in last will be sold first.
opening inventory and closing inventory always calculated at cost price only
Cost of sales = sales- markup
= $846,000 - $11,000 = $835,000
Closing inventory value
= cost of sales - purchases - opening inventory
= $835,000 - $693,600 = $141,400 - $200,000 =$ 58,600
Retail value of inventory on 31/12/2021
= $ 58,600×1.05= $61,530
If the marginal product for that employee is greater than for the previous employee hired, it must be that there are gains from specialization
<h3>
What is marginal product ?</h3>
- The marginal product or marginal physical productivity of an input (factor of production) in economics, and particularly neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
- The marginal product is the mathematical derivative of the production function with respect to that input if the output and the input are infinitely divisible, in which case the marginal "units" are infinitesimal.
- When more of one input, such as labor, is used while maintaining a constant level of the other input, such as capital, the marginal product initially rises according to the "rule" of declining marginal returns.
To learn more about marginal product with the given link
brainly.com/question/13623353
#SPJ4
The benefits of adopting ABC/ABM are higher for companies in competitive markets because <u>accurate product cost info is essential and ABM can pinpoint opportunities for cost saving.</u>
A competitive marketplace is a structure in which no single purchaser or manufacturer has the electricity to influence the market. Its response to delivery and demand fluctuates with the supply curve, an illustration of a product's quantity.
The 4 popular styles of market systems encompass the best competition, oligopoly market, monopoly marketplace, and monopolistic competition.
In economics, in particular trendy equilibrium theory, a really competitive marketplace, additionally known as an atomistic marketplace, is defined by way of numerous idealizing situations, together known as perfect opposition, or atomistic opposition.
Learn more about competitive markets here brainly.com/question/8753703
#SPJ4
