Its people add to the value of its resources by making it inimitable
Answer:
94% and 2934
Explanation:
The computation of the four-firm concentration ratio for this industry is
= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)
= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)
= 94% ÷ 100%
= 94%
Now the Herfindahl Index is the sum of square of all firm market share
= 45^2 + 22^2 + 17^2 + 10^2 + 6^2
= 2934
Answer:
a. increasing job enrichment by establishing client relationships
Explanation:
When we consider the above scenario, the company is aiming for job enrichment by providing their employees with more responsibility and creative freedom while also allowing them the ability to interact with their customers and form meaningful relationship.
The main foundation or resource of economic activities in developing countries is production. A further relation is provided below.
- A community seems to be nearly dependent on its capacity to increase its workforce production. The capabilities of production, as well as consumption, are utilized for the evaluation of inflation expectations.
- Productivity improvements lead to increased economic growth, so the amount of products, as well as services generated by something like a comparable workforce, is greater.
Learn more about economic growth here:
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