Answer:
Problem definition.
Explanation:
Problem definition is the process of identifying an area for improvement, a difficulty that needs eliminating, or problem to be solved.
The marketing manager at Widgets R Us did not define a problem before starting their own survey.
Problem definition directs the focus of the survey, without a defined problem the survey will be of no use.
Answer: Joint training
Explanation: In simple words, joint training refers to the process in which an organisation or an entity tries to persuade and influence the behavior of their staff by making teaching them any specific kind of technical skill.
Such kinds of training are very common in defense forces such as military and police force, where team work and relative trust is of high importance. But these kinds of training are also used by other organizations in cases where the number of candidates is large and it is not possible to train each of them individually.
Answer:
Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities.
Explanation:
Deregulation is the removal of government control , regulation or power in a particular sector or industry. An example of deregulation is the mail delivery. The government had a monopoly on the royal mail for many years
Deregulation can involve :
- removal of government control on price
- Removal of control on quantities
Advantages of deregulation
- It increases the rate of innovation and competition. This increases consumer choice.
- Efficiency of corporations are increased and this lowers cost
Disadvantages of deregulation
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Customers are more vulnerable to high risk-taking by companies.
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
Price ceiling:-This is show the limit of the price on maximizing value of the product which is decided by government and his imposed group for customer.
Binding:-The binding price ceiling is below the equilibrium price.
Unbinding:-The unbinding price ceiling is above equilibrium price.
Price floor:-This is show the limit of the price on lower value of the product which is decided by government and his imposed group for customer. A price floor must be higher than the price equilibrium price in order to be effective.
Binding:-The binding price floor is above the equilibrium price.
Unbinding:-The unbinding price floor is below the equilibrium price.
It is given that the equilibrium price of milk is $2.50 per gallon.
Statement 1:-This is the example of price floor and binding because minimum price of $2.30 per gallon is decided.
Statement 2:-This is the example of price floor and binding because minimum price of $3.40 per gallon is decided for gasoline.
Statement 3:-This is the example of price floor and binding because teenagers are not hired due to minimum-wage laws.
