Specialization concentrates on the creation of a confined scope of commodities and services in order to achieve high levels of efficiency in production. Specialization has a comparative benefit in the creation of goods and services.
National level specialization enables more international transactions to take place and also many countries production could also be imported. Therefore it enhances the opportunity for the people of the country. Any manufacturer which are specialized in the production of certain products can benefit from global trade.
Answer:
B Option B: the possible higher pay and training costs that are not offset by greater productivity
Explanation:
- A skill-based pay is compensator type of system and that rewards the employees with the additional pay in exchange of the formal certification and the mastery of the skills and knowledge and expertise in performing the tasks.
- And disadvantages is that they represent the higher skills that sometimes demands greater pay and different from the real pay received by the others.
Not sure if he called it a "holy experiment and that all I know is that Pennsylvania means "Penn's Woods".
Answer: The bargaining power of buyers.
Explanation: The bargaining power of buyers is one of the five forces in the Porter's Five Forces of Industrial Analysis Framework a business analysis model that provides information on the different levels of profitability of various industries. Buyers (in this case Smithy) can raise competition within an industry by forcing down prices, requesting discounts, bargaining for improved quality or more services from their suppliers (in this case, AG). In doing this, they are exercising the bargaining power of buyers which refers to the pressure that users of products and services can put on businesses to get them to provide higher quality products, better customer service, and/or lower prices/discounts among others.
