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A company that operates over the long term in a perfectly competitive market is compelled by competition to change its scale of operation until average cost is minimized.
More about perfectly competitive market:
In a market structure known as perfect competition, numerous businesses sell comparable goods while making almost little profit because of the intense competition.
A market that is perfectly competitive is one in which all enterprises sell the same good and where there are no barriers to entry or leave. The existence of several enterprises and the homogeneity and uniformity of the products are essential elements of perfect competition.
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Efficiency is a measure of B. how productively resources are used to achieve a goal.
<h3>What is Efficiency?</h3>
Efficiency measures the ratio of economic output to the total input of resources.
Mathematically, efficiency can be expressed as r = P/C, where:
- P = the amount of useful output
- C = the cost of resources consumed
- R = Efficiency.
Thus, Efficiency is a measure of B. how productively resources are used to achieve a goal.
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Answer:
1. A radical innovation.
2. Subcultures
Explanation:
If you wanted your organizational unit to create a new product that is essentially an entirely new industry, you will encourage a radical innovation.
A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.
Because workgroups develop their own subcultures, intranets build a common cultural foundation that can help unify employees in different units and locations around common company values.
Answer:
In order all answered :)
Explanation:
He throw the winning touchdown.
Televising their teams and marketing their university to the world. They make millions.
They are exploited to the tune in almost 15 million. The riches they create and are not given the education they are promised.
Ohio state football players received free tattoos and exchange for memorabilia. The players were suspended and had to repay the cash as well as the value of the tattoos. Unpaid athletes were fined by a billion-dollar organization that's gets paid by sponsors to decorate the athletes in corporate logos.
The Students spend too much time on their sports and not enough time on their school work.
I do not agree since the students have to spend most of their time playing sports instead of doing their school work, and yet the coaches expect them to pass classes and as soon as the players or no longer vital in the game they don’t get there scholarship for the following year, which is highly unfair.
I do believe that college athletes should be paid because they work and play. They can lose their spot so quick they also create the money that the coaches get.
I do believe the lawsuit against NCAA would be successful because there are so many athletes that are standing up. Other political people are noticing things and standing up and most importantly it is a rule that they get paid for the money the create by there name and being on the team.
I do believe fan of college sports should be concerned and I believe this because what it means to be a fan is to feel like you are with the brand and why would you want to associated yourself with injustice. There are also so many fans that can help do something about it.
I do not think it's fair for college athletes to sign a contract stating their likeness and image can be used by the NCAA forever without receiving any compensation. I believe this because it is wrong they create the money that these people get from games they should get a decent amount of it.
