1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrRa [10]
3 years ago
14

Free markets produce efficient results. Productive efficiency occurs as goods and services are produced using the least amount o

f resources, minimizing _________________. Distributive efficiency occurs as goods and services go to those who value them the most. Allocative efficiency occurs as what is produced is what society wants.
Business
1 answer:
kherson [118]3 years ago
7 0

Answer:

Minimizing costs.

Explanation:

Productive efficiency is when a good or a service is actually being produced at the minimum possible cost. At this point, the firm ca not produce any additional units of a good without reducing the production level of another good or without improving the technology of production. So productive efficiency implies cost minimization.

You might be interested in
managers are the managers concerned with implementing the plans policies of top managers and supervising low level managers
Kazeer [188]

Answer:

Their responsibilities are influenced by top managers; however, their responsibilities are ... In order to do this, they must implement subunit strategies for achieving those objectives. ... They are concerned with intermediate range plan ... Managers at this level train and supervise the performance of nonmanagerial employees

7 0
4 years ago
When Sears first decided to sell its merchandise online, the manager in charge of the process had to hire technical staff to cre
satela [25.4K]

Answer:

Organizing function

Explanation:

The organizing function of  management involves the manager to put resources together that will ensure the achievement of the goals and objectives set in the planning stage.  The manager combines the human, physical and financial resources of the organization to ensure that its goals and objectives of the organisation is  achieve.

5 0
3 years ago
If you could vote today who would you vote for Trump/ Biden or someone else. I would vote for someone else.
Xelga [282]

Answer:

Lauren boebert

Explanation:

6 0
3 years ago
Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic pr
eimsori [14]

Answer:

d. economic contraction

Explanation:

Contraction is in economics means it is business cycle phase where the overall economu should be fall. Also the contraction should arise when the cycle of the business is in peak but it should be prior to became as a trough

So at the time of economic contraction, the company normally took the measures of the cost cutting

So as per the given situation, the option d is correct

3 0
3 years ago
John Kotter built on Lewin's three-step model to create a more detailed approach for implementing change.
valina [46]

Answer:

C.

Explanation:

The change model was developed by Kurt Lewin. The model is divide into three steps: unfreezing, changing and refreezing.

According to this three-step model of Kurt, the step that represents the 'unfreezing' stage is option C.

The <u>unfreezing stage</u> of the change model helps people to gain an overview of daily life. It helps to unlearn the bad habits and adopt new and innovative ways to reach the goal or objectives.

So, <u>according to the definition of the 'unfreezing' stage of the change model, the correct answer is option C as in this step, Kotter is creating a new vision or ways to reach the goal or vision</u>.

3 0
3 years ago
Other questions:
  • Money left over after the bills are paid is referred to as
    14·1 answer
  • Which of the following will increase investment spending
    9·1 answer
  • foreign project in Hungary and another in Japan had the same perceived value from the U.S. parent's perspective. Then, the excha
    12·1 answer
  • Which of the following is true of currently attainable standards? a.Currently attainable standards can be achieved under efficie
    11·1 answer
  • A manager recently instituted a required retraining program to attempt to increase output by employees with out any additional i
    8·1 answer
  • Read this news report about a planned devaluation of the bolivar, the currency of Venezuela. The president of Venezuela announce
    5·2 answers
  • In business continuity planning, which of the following is an advantage of a "hot site" over a "cold site":
    12·1 answer
  • Consider a bank counter with two employees serving the customers. Deposit takes 5 minutes, cash withdraw takes 6 minutes, and el
    15·1 answer
  • Beckenworth had cost of goods sold of $11,121 million, ending inventory of $3,789 million, and average inventory of $2,135 milli
    11·1 answer
  • If both the nominal interest rate and the expected inflation rate increase, what will happen to the real interest rate?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!