This scenario describes the company's <u>"Core competencies".</u>
A Core Competency is a profound capability that empowers an organization to convey interesting an incentive to clients. It exemplifies an association's aggregate adapting, especially of how to facilitate assorted generation aptitudes and incorporate different innovations. Such a Core Competency makes feasible upper hand for an organization and causes it branch into a wide assortment of related markets. Core Competencies likewise contribute generously to the advantages an organization's items offer clients.
Alpha's Pizza and Bravo's Pizza are two restaurants that are in a horizontal conflict known as a price war. This conflict will most likely have a positive impact on consumers by reducing prices.
Explanation:
The price conflict or war between two companies will affect the customers positively as they both the companies will try to attract more consumers by reducing their price.
This form of market is known as perfect competition where the consumers will buy from the manufactures which has lower price in comparison of other (same) product manufacturer.
High school graduates earn an average of $1.2 million, while Bachelor's degree holder will earn about $1.6 million, earning them $400,000 more than someone with just a highschool diploma.
Answer: Follow up with a letter that documents the call and promotes goodwill.
Explanation: The given case, belongs to the public relations concept under which the company tries to interact better with their customers, so that the customers enjoy a healthy experience and the image of the company remains positive.
The proper way to address a complaint call is to follow up by giving a letter stating the explanation apologies, excuses shall not be mentioned and assurance should be provided that such action would not be taken in future.
Answer:
Hiring temporary workers and outsourcing work
Explanation:
Labour is a factor of production responsible for mental and physical efforts directed to production.
Labour shortage occurs when the demand for labor exceeds the supply. Labor shortage could lead to an increase in wages following the theory of demand. When demand exceeds supply, price tends to go up.
Labor shortage could be solved by hiring temporary workers or outsourcing work.
Temporary workers are workers that are employed for a specific period of time. Temporary staff are ad-hoc staff whose services are only needed at a particular time.
Outsourcing work is a situation where a company will hire another company or person to perform a task on their behalf. E.g, outsourcing the job of cleaners and security personnel to another company. It mean the company will bring its own staff to work in your company.
Temporary employment, whereby workers are engaged only for a specific period of time, includes fixed-term, project- or task-based contracts, as well as seasonal or casual work, including day labour.
