A business with a high level of productivity is one that: O A. creates its product with a high level of efficiency. O B. raises large amounts of capital investment when needed. O C. sells a variety of different products in different markets. D. avoids competing with larger companies at all times.
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- Which statement best explains how human capital affects the manufacturing of a product? It affects the efficiency of the manufacturing process It promotes increased demand for manufactured goods. It provides a financial incentive for potential investors It allows households to use their savings to buy goods.Explain the Business Research Project and what we acquired about the topic and the research method.Solve c and d
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- Economic profits are: A. total revenue minus total cost.B. marginal revenue minus marginal cost.C. total revenue minus total opportunity cost.D. total profits of the economy as a whole.Give the meaning of business and explain its scope in briefSuccessful business managers have a good understanding of the environment in which the business operates.’ Explain ONE internal influence and TWO external influences that a successful business owner must understand.
- Explain the various ways of determining a good investment in a project or business.1. This theory is concerned on how to increase production efficiency to lower costs, raise profits, increase workers’ pay through increased productivity. 2. This is looking ahead by arranging a scheme for doing a project. 3. It pertains to the evaluation of the goods or services and assessing the packaging materials and salability of products. 4. These are the probable problems that an entrepreneur faces. 5. This approach is recommended by the Quantitative Management Theory to manage problems. 6. A management theory that the quality and quantity of work are affected by conditions workers are exposed to on and off the job. 7. It is about the process of acquiring and using human, fiscal, and material resources effectively to produce goods and services needed by people. 8. It refers to the obstacles that may prevent the business from attaining its financial target. 9. Keenly observe their environment for ideas that can be turned into profit. 10. This is defined by the continuous…1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential model