Answer:
The correct answer is (A)
Explanation:
Product efficiency is a key aspect which every firm or organisation must achieve to improve revenue and profits. Product efficiency is a way to allocate resource to produce goods and service at the lowest average cot possible. Firms usually apply economist of scale to achieve product efficient. Product efficiency can only be achieved by using scarce resources efficiently and effectively.
Answer:
The correct answer is letter "C": the coattail effect.
Explanation:
The coattail effect is a term mainly used in <em>Politics </em>that describes a situation in which a candidate running for an office and who is usually at the top of preference helps to attract voters for other candidates. In economics, the term might have a negative connotation. It implies businesses that belong to the same industry dragging each other to failure because of other factors rather than competition.
<span>This is a true statement. When Joseph is setting these plans, he is giving himself a roadmap on how he and his employees will best achieve these goals over the timeframe required. By planning, he can make sure that the business stays on track to meet whatever figures the company has set forth.</span>
