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Anton [14]
3 years ago
12

1. Define scarcity. What signifies to managers that a resource used in production is becoming scarce? What impact does this have

on management decisions?
Business
1 answer:
Stels [109]3 years ago
8 0

Answer:

scarcity means that a good is limited in supply, relative to it's demand.

Explanation:

By limited, it means that the available resources are not enough for the satisfaction of a need.

Price hikes tells us of scarcity of a resource. When the price of a resource or good gets increased or is continuously increasing the price of the resource may show that it is scarce.

Management have to allocate resources in such a way that they do not have to run out of the resources or or they may decide to use substitute resources.

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A(n) _____ is the visual representation of a company's structure. a. division of labor chart b. organization chart c. work speci
grin007 [14]

Answer:

B. Organization chart

Explanation:

An organization chart shows or gives a graphical/visual representation of the organization's or company's structure. Its shows the interrelationship between various units in the organization or company. It conveys the organization's internal structure by specifying roles, responsibilities by position and relationships between individuals in the organization or company. They are also called organogram or organigram.

5 0
3 years ago
Read 2 more answers
Cigarette smokers are very loyal buyers of cigarettes. Even if prices of cigarettes rise, they will typically continue to buy th
Amanda [17]

Answer:

a. mostly cigarette buyers.

Explanation:

The law of demand states an inverse relationship between quantity demanded of a good and it's price, keeping other factors affecting demand as constant.

Price elasticity of demand refers to the degree of responsiveness of quantity demanded to a change in price.

Alcohol and cigarettes are exceptions to the law of demand since in their case, the factor of addiction presides which outweighs rational decision making.

Thus, price elasticity of demand of cigarettes is inelastic. So a marginally higher price charged for cigarettes will not reduce their consumption.

A new tax on cigarettes would raise their prices. The manufacturers, to cover such taxes and maintain the same margin as before would further raise the prices of cigarettes further.

Thus, the tax burden would be shifted to the consumers and hence majorly borne by them.

3 0
3 years ago
Write three democratic system government​
Dafna1 [17]

Answer:

Direct democracy.

Representative democracy.

Constitutional democracy.

Monitory democracy.

Explanation:

i think this is correct answer based off you question.

6 0
2 years ago
During which stage would you take feedback from various stakeholders on how the solution meets the needs of the problems or conc
BlackZzzverrR [31]

During the testing stage, a firm should take feedback from various stakeholders on how the solution meets the needs of the problems or concerns they shared with you in interviews.

Design thinking is a concept used by organizations including businesses to improve their products and services. It is a solution-based approach to dealing with issues. There are main stages in the process of design thinking. They are Empathize, Define, Ideate, Prototype, and Test.

The test stage is the final stage in which the solutions or products are tested to see if they meet the needs of the stakeholders. The designers will rigorously test the complete product and gauge the response of stakeholders. This can lead to modifications to the product. The goal is to understand the product and its users.

To learn more about design thinking: brainly.com/question/12108094

#SPJ4

3 0
1 year ago
Which is an example of short term finance?
Vladimir [108]
A) Bank Loan
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5 0
3 years ago
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