Answer:
The law of supply reflects the amount that producers will want to offer at each price in a series of prices.
Explanation:
The law of supply determines that the quantity offered of a good increases as its price increases, keeping the remaining variables constant. The quantity offered is directly proportional to the price.
Specifically, it determines the amount of a particular good or service that is offered by the producers taking into account its price. Usually the relationship between this quantity and the price variable will be direct or positive, unlike in the demand law.
Answer:
b. Reengineering
Explanation:
Business Process Reengineering or Business Process Redesign (BPR) involves radical overhaul of company's core business processes, work, jobs, etc to achieve radical performance improvement in terms of quality of service, cost reduction, productivity etc. Company's start from zero and re-think all the processes.
<em>Restructuring:</em> It is significant change made to operational process or structure of a company when the company is facing financial pressure.
For Example Debt Restructuring involves change in terms of debt and creating a way to pay off debt.
<em>Downsizing:</em> Downsizing involves terminating multiple employees at the same time to save money.
<em>Delayering:</em> It is a way to remove one or more levels of hierarchy from the organisational structure. It is a way to flatten the organisation's structure.
<em>Recruiting:</em> It is process of finding and hiring the qualified and suitable people for a given job.
Answer:
C) Job specialization
Explanation:
Job specialization defines that who is specialist for a particular field or subject. It shows expertise in a specific sector like finance, operation, Sales manager, customer service, delivery boy, human resource. etc. It indicates talent, skills, competencies of a particular person.
Therefore in the given scenario Jason who is serving the potato fries, a burger, and a roll shows the expertise in his field and that is called Job specialization.
