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maxonik [38]
3 years ago
12

What is say's law in economics

Business
1 answer:
Radda [10]3 years ago
6 0

Answer:

Say's law in economics is the ability to purchase something depends on the ability to produce and thereby generate income.

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According to Michael Porter, what are three effective competitive positioning strategies? a. focus, differentiation, and middle-
Norma-Jean [14]

Answer: D) overall cost leadership, differentiation, and focus

Explanation:

3 0
4 years ago
The breakeven point decreases if? ________.
MAXImum [283]
Beak-even point (BEP) in business is the point at which total cost and total revenue are equal. There is no net gain or loss, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
The formula for break-even is given by:
BEP=(Fixed Costs)/(Sales Price per Unit-Variable Cost per Unit)

From the above formula we can conclude that:
When Fixed costs reduces, the BEP decreases. Therefore the answer is [a]
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4 years ago
One positive and one negative effect of technology on health
Tamiku [17]
One positive effect: Technology has improved areas in medicine, and therefore has generally allowed humans to have a longer life span.

One negative effect: Over usage of technology (i.e. phones) can disrupt sleeping habits and lead to sleep disorders.
8 0
3 years ago
In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated
Verdich [7]

Answer:

Answer is explained below in the explanation section.

Explanation:

There is always a need to have an important control upon the decisions that we have in the business setup. Informed decision making is very necessary for business. People use different decision setups designed to help in the manufacturing process and most often come up with very fruitful decisions.

One of the cultural factors associated with risk tolerance may be the threshold for when we can make decisions that are not detrimental to the cultural view of groups. We need to carefully consider our employees and make sure that our decisions are not too objective. Cultural-emotional bias can lead to decisions that can damage brand ownership throughout the business. This is very dangerous and detrimental for any company, so it is necessary to limit decisions and their consequences in terms of cultural sense to avoid any losses.

The internal locust of control is the kind of person who is the best fit for all the jobs. So it is obvious that this person has some control over others. But there are some do's and don'ts for such kind of person as well. Such as, he has to communicate with almost everyone in the workplace. So, he must ensure neutrality in all aspects of other people with whom he is working. Such aspects are religion, race, caste. society etc. and his humor must not harm the emotions of anyone in the workplace.

In order to run business smoothly with maximum profits and best workforce and the best workplace. Effective decision making is the key to go. Hence, these variables are very important to achieve the effective business decision making in the long term.

5 0
3 years ago
Explain the view that communication is the exchange of attitudes values and behaviour​
klio [65]

Answer:

Communication is conveying messages by exchanging thoughts and information.

Communication is the conveying of messages by exchanging thoughts or information via speech, visuals, signals, writing, or behavior. Communication requires a sender, a message, and a recipient, although the receiver may not be present or aware of the sender’s intent to communicate at the time of communication. Communication requires that the communicating parties share some area of commonality. The communication process is complete once the receiver has understood the message of the sender.

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