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cluponka [151]
3 years ago
7

The following exchange demonstrates which problem solving technique?

Business
2 answers:
suter [353]3 years ago
5 0

Answer:

It is A. Fishbone diagram

Explanation:

Klio2033 [76]3 years ago
3 0

Answer:

a. Fishbone Diagram

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem.

2. Gathering of information.

3. Consider your options.

4. Weigh disadvantages and evaluate a solution.

A Fishbone diagram is also referred to as Ishikawa diagram and it can be defined as a cause and effect diagram that is typically used by managers to identify possible reasons for failure, defect, variation, imperfection, so as to discover the root cause of a problem and proffering the right solution. It was designed and developed by Professor Kaoru Ishikawa in the 1960s.

Cause and effect can be defined as the relationship between two things or events in which an occurrence one (cause) leads to the occurrence of another (effect).

Hence, the following exchange "We pay higher costs than we need to when we go bowling because we don’t own our own equipment." demonstrates the Fishbone diagram.

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Assuming the short-run aggregate supply curve is upward-sloping, a decrease in aggregate demand (while short-run aggregate supply remains unchanged)results in a lower price level, lower output (real GDP), and higher unemployment.

<h3>What do you mean by aggregate demand?</h3>
  • The entire quantity of demand for all completed products and services produced in an economy is measured by aggregate demand.
  • The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.
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1 year ago
When a firm invests directly in a business or venture in another country, it is called ______.
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When a firm invests directly in a business or venture in another country, it is called FDI.

A form of private equity financing known as venture capital (VC) is given by venture capital funds or organizations to startups, early-stage, and developing businesses that have been identified as having a high growth potential or that have already shown a high growth rate (in terms of number of employees, annual revenue, scale of operations, etc). These early-stage businesses are funded by venture capital firms or funds in exchange for equity, or ownership stakes.

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1 year ago
Jean-Baptiste Say thought that entrepreneurs should be considered a fourth factor of production. Do you agree or not? Explain yo
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Answer: i do agree

Explanation: they are a factor because they help the economy in the same ways as the other factors of production

8 0
3 years ago
FREE BRAINLIEST FIRST RESPOND
cluponka [151]

Answer:

hi

Explanation:

3 0
3 years ago
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Costco is able to keep costs down and offer low prices thanks to a no-frill shopping experience for its 64 million members. They
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Costco is following Customer Oriented Strategy in the business.

Explanation:

Costco offers around 4000 different products to its 64 million members. Costco is now planning to stock more of organic products as the popularity for these products among its customers in gaining significance. Costco has also planned to help farmers to grow organic farms which will benefit the Costco customers. This is customer oriented strategy because Costco is focusing on the needs of its customers.

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