Answer: Decrease, decrease
Explanation: Substitute goods are those goods that are used in place of each other. When the price of a substitute good falls, it becomes more attractive to the consumers. Here, wood planks and wood beams are substitutes to each other. So, when price of wood plank falls, demand for wood beams will decrease, shifting the demand curve to the left. As a result, of this the equilibrium price of wood beams and the quantity of wood beams will also decrease.
Answer: social complexity
Explanation:
Social complexity simply relates to how the existence of human beings are being studied. The things that are studied include armed conflicts, marriage practices, emigration patterns, political movements, natural disasters, etc.
Therefore, array of firm resources includes interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon social complexity.
The correct answer is Slowly dropped.
<h3>What is the life cycle of the risk management process?</h3>
- The risk management process, which consists of these five fundamental components, is used to manage risk. Starting with risk identification, it moves on to risk analysis, prioritization, solution implementation, and risk monitoring.
- Operational risk is the danger of suffering losses as a result of poor or ineffective procedures, rules, plans, or circumstances that interfere with business operations.
- Risk is the stage where loss or harm occurs due to a lack of correct information, expertise, or experience. This stage can be controlled by using proper Risk management approaches throughout the project life cycle.
The chances of a risk event occurring as a project proceeds through its life cycle tend to:
The correct answer is Slowly dropped.
To learn more about risk management, refer to:
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