Answer:
Let's say that the product is basic ibuprofen (Advil) pills. Since the product belongs to the pharmaceutical industry, it is required to have structured and often quality checks. Also, the product's structure or recipe can be easily changed by demanding guidelines (FDA). What's more, defects are very common if a certain substance goes over (or below) the required percent in the process.
Batch production is the best production method to use here, as it is basically production in groups (batches), where frequent control is provided. Also, in the case of a potential recall, it is easy to map the troublesome batch (due to the documentation, used materials and ingredients etc.).
Answer:
The correct answer is letter "C": Leading.
Explanation:
Leading is the activity individuals engage in any aspect, in any field, when they naturally take responsibility for managing a group of people to achieve a collective goal helping each member of the team reach their personal objectives. Leaders tend to set an example that attracts subordinates. In return, leaders give appraisal to their followers after every little piece of work is done effectively.
Answer:
a. Even though I was willing to pay up to $40 for a jersey sweater, I bought a jersey sweater for only $31.
Consumer Surplus;
= 40 - 31
= $9
When the amount that a consumer is willing to pay for something is more than the amount they actually pay, the difference is the Consumer surplus.
b. I sold a used laptop for $137, even though I was willing to go as low as $130 in order to sell it.
Producer Surplus
= 137 - 130
= $7
When the amount that a producer is willing to sell something for is less than the amount they actually sell it for, the difference is the Producer surplus.
c. I was willing to go as low as $130 in order to sell it A local store was having a sale on watches, so I bought a watch for my brother. Neither.
Answer:
football,volleyball,tennis, basketball or
singing,dancing e.t.c
D. Price ceiling
This is a government regulation that establishes a maximum price for a specific thing.
