Answer:
The correct answer is letter "D": buyers and sellers having all relevant information.
Explanation:
Perfect Competition is a theoretical market structure in which competition is at the highest possible level. These five (5) elements contain a perfectly competitive market: <em>all firms sell the same product, all firms are price-takers, all firms have relatively small market shares, buyers have complete product and price information, </em>and <em>the industry is characterized by low or no barriers to entry and exit.</em>
All of these fall under the Bottleneck items of strategic sourcing.
Bottleneck explains situations when there is a high amount of risk and the availability of the item is low. There are not a lot of supplies to pick from but the item is in demand, this leads to procurement problems. Companies use strategic sourcing to try and red the cost of an item while keeping or improving the quality of it.
Answer: pay-for-knowledge
Explanation:
Pay-for-knowledge is a form of payment system whereby increase in ones wage or salary pay are linked to when the person has successful completed a training.
Pay-for-knowledge is a high performance work practices due to the fact that it brings about employee development and skill formation. This is the payment method which has been set aside for Jason in the question above
Mhm I would say false but just wait for someone else to answer I’m not sure.
<span>The production possibility curve would shift leftward and the axes would decrease. This would be a decrease in the overall production ability of the nation or area. Lowered ability to produce would give a lowered maximum amount possible to produce, which would thereby need smaller axis values.</span>
