Answer: Please refer to Explanation
Explanation:
Sometimes Monopolies need to be regulated to ensure the protection of consumers from unfair pricing business strategies.
The below are some of the ways the Government does so.
A firm is allowed to price its product so that it earns a normal return on capital invested. RATE of RETURN REGULATION.
Firms are directed to charge the price associated with the extra cost of making each unit. This pricing rule often leads to firms earning a negative profit. MARGINAL COST PRICING RULE.
Firms charge a price that allows them to earn only a normal economic profit. AVERAGE COST PRICING RULE.
This places maximum limits on the price firms can charge for a good or service. PRICE CAPS.
Ormrod defines motivation as an internal state that arouses us to action, pushes us in particular direction and keeps us engaged in certain activities. William G Scott defines motivation is a process of stimulating people to action to accomplish desired goals.
Answer:
A. incorporates both financial and operational performance measures
Explanation:
The balance score card is the score card which represents the pattern of the performance through which the company can take the actions, decisions, according to that.
It can incorporates both financial and operational performance measures. The financial could be in terms of profits, past results, solvency, liquidity, repayment, etc
While the operational could be in terms of providing the best service which gives the maximum satisfaction to the customer and at the same time it also determine the efficiency of the day to day operations
Answer:
The external cost is the full price of the bottle ($5.50) plus all the other external costs that are born by the people affected by the chemical.
These external costs are: the health costs because of the lower quality of life that the people with respiratory problems have, and the costs for the healthcare systems, due to an increasing number of patients.