Specialization in a particular small job allows workers to focus on the parts of the production process where they have an <u>advantage</u>.
<h3>What does specialization entail?</h3>
When workers specialize in a small job, they would be focusing on the parts of production where they have an advantage thanks to their skill or experience.
For instance, when a worker specializes in welding parts of a vehicle because they are good at it, they are specializing.
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Answer: consumers find it unfair for firms to increase prices after an increase in demand".
Explanation: Economists established 2 explanations of why companies do not increase their prices even if they can make higher profits.
First it was discovered that some products have the characteristic that the amount of product that a customer wants to buy can depend on the amount of the product that other people are consuming.
And then it was discovered that most people are satisfied that companies raise prices because of an increase in costs, but consider it unfair to raise prices as a result of increased demand.
Explanation:
Answer:
<u>Select</u>
Explanation:
Marketing segmentation is usually done on the basis of demographic, which is based upon age composition or the population, psychographic which is based upon personality traits and the attitudes of consumers, geographical which is based as per the location of the consumers and behavioral which is based upon buyer buying habits and trends of past purchases.
Once the products in a particular market have been assigned i.e product market grid, and market size been estimated in terms of the estimated number of consumers within a segment, the next step is to select appropriate target markets.
Target markets refer to identified consumer groups with similar tastes, preferences and buying habits.
Most likely you've pulled a muscle. The pain will probably go away in the next day or so, if not you should wrap it with a sprain cast in case you sprained it somehow. But definitely do not work out today. That could worsen it and make the pain more severe.
hope this helps!
