The company must: hike the factor prices to hire additional employees, a monopolist's marginal factor cost curve is above its labor supply curve.
<h3>What is a marginal factor
cost?</h3>
Marginal factor cost is the increment in the additional factor of production that leads to the increase in the one-unit amount.
It is showed in unit like the labor has worked ten per unit in the given period of time.
Thus, its labor supply curve.
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because upper management must deal with problems that are ambiguous but that could have far-reaching consequences, CONCEPTUAL skills are particularly important for top managers.
Explanation: As the managers move up on the career ladder, they have to deal with more ambiguous problems that are not clearly defined. They will have to make assumptions and take calculated guesses in additional to having a strong conceptual and fundamental understanding of the problems to help the overall organization in being successful on the long run.
Answer:
Supplier portals
Explanation:
- Supplier portals (or vendor portals) are basically communication tools. They are used to transfer and manage information between a company and its vendors (suppliers).
- The supplier port can be configured to send and receive documents that your company considers relevant in the supply chain and purchase process.
so correct answer is Supplier portals
