Answer:
(B) the macroeconomy
Explanation:
The condition of the macroeconomy would exert the most influence of a firm's decision to hire more workers. As economic growth increases and demand grows, the firm is likely to hire more workers to meet increasing demand for its goods. On the other hand, in an economic recession, the firm is likely to hire less and even lay off its existing workers as demand for its goods reduces.
Option A is incorrect as a firm would not hire more workers even at low wage levels if the economy is in a recession. Option C is incorrect as the level of a firm's income would likely not be considered in its hiring decision if demand for its goods was very high. Option D is incorrect as the household income would likely not be considered by the firm in its hiring decision.
A relatively inexpensive item that merits little shopping effort, is called Convenience product.
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What is the Product?</h3><h3>
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Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.
Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.
In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.
Learn more about Convenience product here:
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Answer:
Explanation:
Reorder point quantity is the level at which an inventory is expected to be restocked , calculated by finding the sum of demand over the lead time and the safety stock days
Daily usage = 800 feet / day
Lead time = 6 days
Desired service level = 95%
Risk level = 1-0.95 =0.05
safety stock at 0.05 = 1800
Reorder point = expected demand in (LT) + safety stock
= (800*6) + 1800
= 4800+1800 = 6600 feet.
Answer:
Team cooperation encourages employees to work together for the benefit of the organization. It reduces the desire of employees to complete against each other,which often never good for the business,and instead focus on working together to achieve a common goal.
