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kobusy [5.1K]
3 years ago
5

Describe an example of a task that it might make sense for a company to outsource.

Business
1 answer:
Inga [223]3 years ago
8 0
The best example of a task that makes a lot of sense in a company to outsource its customer support which is more common than phone support. Even the costs may be high, there are many parts which employing, providing office space, and training, and paying taxes on support reps are not very high.
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Assume the smart watch industry is a perfectly competitive industry that uses a specialized input. If this industry experiences
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Answer:

Option B, both input and output prices will increase

Explanation:

Since the demand far smart watches is increasing, the price of watches will escalate to cater the opportunity cost. With the rising demand for smart watch, the demand for specialized input will also increase. Considering the growth in demand for specialized input, its cost shall also escalate to take the benefit of opportunity. Along with raw material, variable costs such as transportation, manpower, electricity etc.  will also increase both in input (bringing raw material and producing final product) and output (export of the final product)

In nut shell, both the input and output price will increase.

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Rufina [12.5K]

Answer:

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Retained earning
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Retained earnings form part of a company's capital. It is money that shareholders have contributed to the business by not sharing in profits.
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