1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NNADVOKAT [17]
3 years ago
9

Explain five importance of a division of labour in production​

Business
1 answer:
bearhunter [10]3 years ago
6 0

Explanation:

INNOVATION: When workers are set specific tasks, that is their pure focus. So it becomes easier to see pitfalls in the existing process. Doing the same task each day makes it easier to analyse areas for improvement. It takes up more of the brains processing power, so it is at the forefront of a workers mind.

HIGHER WAGES: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.

CHEAPER PRODUCTS: It must be said that not all the productivity gains are necessarily passed on to the consumer. A proportion may go to profits, whilst some may go to higher pay for employees.

PRODUCTIVITY: When workers focus solely on a specific task, they can master it quicker and more efficiently. In turn, workers become more productive.

EFFICIENT MASTERY: Without the division of labor, mastery of a skill takes much longer. This is because a workers attention is spread across many areas.

For instance, it would be difficult to master a language if you are also trying to learn the piano, engineering, CSS, and economics. So, the division of labor allows the worker to focus and master a specific part of the process, which helps them learn it faster.

You might be interested in
Another restaurant manager says to you, "I’ve heard that Barcelona has a three-step hiring process. Candidates first have an int
Hoochie [10]

Answer:

Both steps give candidates a realistic preview of the job.

Explanation:

The purpose of both steps is to provide potential candidates a realistic and practical preview of the job opening. In the first step Scott does most of the talking, that means that he probably explains in detail how the restaurant works. On the second step, the candidates are taken to the restaurant to be able to see by themselves how it really is to work there.

This hiring approach increases commitment on the candidates and it provides them with a realistic job expectation about what Scott and the other employees expect them to do.

5 0
3 years ago
Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain
DerKrebs [107]

The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.

Note that when we are in long-term equilibrium, we are also in short-term equilibrium. In the long run, P = min(ATC), and the entering firm chooses the set with the lowest ATC. The MC curve intersects ATC at min(ATC), so the same quantity has a price equal to MC.

For a perfect competitor, marginal return equals price and average return. This means that the firm's marginal cost curve is a continuous supply curve with values ​​greater than the average variable cost. If the price falls below the average variable cost, the company will be closed.

In a perfectly competitive market, price equals marginal cost in both the short and long run.

Learn more about the firm here brainly.com/question/15130516

#SPJ4

5 0
1 year ago
Which account offers the most liquidity?
3241004551 [841]

the answer is b. Checking account

7 0
4 years ago
Read 2 more answers
You find a way to lower your production costs. now your marginal cost of making a cookie is only 25 cents. at the market price o
masya89 [10]
<span>will, will earn i hope this helps...</span>
3 0
3 years ago
The relationship between these two entities is an example of: __________
n200080 [17]

Answer:

d. vendor-managed inventory.

Explanation:

Vendor Managed Inventory or in short, the VMI may be defined as a business model or a concept where the buyer of the product or a service provides the information to a vendor of the product while the vendor takes all the responsibility and agrees to maintain an agreed inventory of the product,  which is usually at the buyer's or consumer's consumption location.

It is a inventory management practice for optimizing the inventory of products that is held by a distributor.

6 0
3 years ago
Other questions:
  • Gold, silver, diamonds, salt, and copper are examples of
    12·2 answers
  • Beta coefficients may be computed for investment companies and used to compute risk-adjusted rates of return.
    5·1 answer
  • Comparing the horizontal analysis of​ McDonald's financial statements to the horizontal analysis of Burger​ King's financial sta
    5·1 answer
  • Compute whiz company's adjusted cash balance per books based on the following information:
    11·1 answer
  • Jay received the following fair market value amounts during the current year: Interest on Montgomery County bonds (used to build
    8·1 answer
  • In considering the market for yen and dollars, when the dollar depreciates:_________
    13·1 answer
  • Kumaran Pillay has a vegetable stall at the Suva Market. His business has been plagued with under-stocking and over-stocking pro
    7·1 answer
  • The United States has accused China of Multiple Choice contributing to the skyrocketing price of aluminum. reducing barriers in
    11·1 answer
  • In order to overcome the ________ problem, interest groups often provide ________ to their members.
    15·1 answer
  • When power or influence within an organization flow to individuals or leaders who have the ability to help an organization or gr
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!