The fact that the restaurant in order to increase the budget, <span> pares down the menu so that there is less spoilage and the management dismisses the busboys, buys an inferior quality of meat and fish and fires several waiters and waitresses and increases the workload of those who remain means that the management of the restaurant uses downsizing.
</span><span>The term downsizing means reducing the number of employees on the operating payroll.</span>
Answer:
Overall Inflation
Explanation:
In order to compare prices of any good at two different years, you should always adjust for overall inflation. Inflation is the overall increase in value of goods over a period, which means that a unit of currency buys less goods at the current year than it did at the previous year.
Answer:
c. law of demand
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Demand can be defined as the total amount of goods or services that consumers are willing and able to purchase at a given price.
Law of demand states that quantity of goods or services demanded varies inversely with their price, other things constant or being equal. Thus, the smaller the quantity of goods or services demanded, the higher the price and vice-versa.
<em>According to the law of demand, there exist a negative (inverse) relationship between the quantity of goods demanded and the price of a good i.e when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.</em>
This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.
Additionally, the law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal.
Answer:
D
Explanation:
Middle-level managers are accountable to carrying out the goals set by top management. They do so by setting goals for their departments and other business units. Middle managers can motivate and assist first-line managers to achieve business objectives. Middle managers may also communicate upward, by offering suggestions and feedback to top managers.