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dybincka [34]
3 years ago
11

Briefly explain the term market economy​

Business
1 answer:
Alchen [17]3 years ago
6 0

Answer:

a market economy is a system where the laws of supply and demand direct the production of goods and services

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An upscale organic foods grocery chain is implementing an information system that will enable it to add same-day home delivery o
Bond [772]

Answer: Paradigm shift

Explanation:

 The paradigm shift is one of the type of business management process that refers to the fundamental change in the current process and in the model.

The paradigm shifts is one of the concept in which that happened in terms of various types of context such as when the new technology are get introduced then it alter the new production process of the products and the services.

According to the given scenario, the process of delivering the groceries to the consumers. Therefore, Paradigm is the correct answer.

5 0
3 years ago
Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportu
Y_Kistochka [10]

The correct answer is E) economic.

The other options of the question were A) task. B) organizational. C) general. D) technological.

Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportunities to partner with companies from other countries for new supply and distribution. This reflects the influence of globalization on the economic environment of companies.

Globalization has allowed distant regions to be in permanent contact. Globalization has facilitated trade between countries and today, people are connected worldwide due to globalization. Multinational companies had entered countries in different parts of the world and have influenced the culture of those nations through new ideas and customs.

8 0
3 years ago
Costs that differ directly with the level of production are known as ________.
Ivanshal [37]
<span>Costs that differ directly with the level of production are known as variable cost</span>
3 0
3 years ago
A flower distributor asked the Fresh Farms sales representative if the company had any red roses in stock. The sales representat
Fynjy0 [20]

Answer:

The correct answer is KISS Rule.

Explanation:

The KISS principle states that most systems work better if they remain simple than if they become complex; Therefore, simplicity should be maintained as a key design objective, and any unnecessary complexity should be avoided.

This principle is registered for the first time in the United States Navy in 1960, and is mainly attributed to Kelly Johnson, chief engineer at Lockheed Skunk Works.

According to FOLDOC, the online dictionary of the Imperial College Department of Computing, possibly has its origin in marketing and sales presentations, to be used later in the development of systems, especially to avoid that the successive developments in the designs are complicated.

5 0
3 years ago
Three basic decisions must be made by all economies. What are they?
KiRa [710]

Answer:

3 basics decision that need to made or taken by all the economies are

1. What to produce

2. For whom to produce

3. How to produce

Explanation:

The 3 basic decisions which should be made by the all economies are:

1. What to produce - Under this, the economies need to decide that what product or service they need to produce, which is liked by the consumers or purchased by the consumers so that they could sell their product in the market and earn profit out of it. In this, the economy need to take care of the needs or demand of the consumers and produce accordingly.

2. How to produce - Then the second decision is regarding how to the produce the goods or services, which the customers or consumers want as they have the limited resources available with them and from that they cannot produce all the products. So, they need to choose or decide.

3. For whom to produce or who consumes it - Under this, they required to take the decision regarding that for whom they are producing the goods or services whether it is a company or a consumer or economy.

5 0
3 years ago
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