identify whether it best applies to lean businesses (L) or traditional businesses (T). Uses push production.

Q: All the following relates to system management theory except. A. Political trends B. Socio cultural…

A: Systems management is termed as management that offers an alternative approach to the planning and…

Q: A reduction in the tax rate on income earned from past saving would: a. increase incomes over time.…

A: The following problem has been answered as follows:

Q: Kareem is directed to study the demographics, economic, natural, technological, political, and…

A: Marketing strategies represent all those strategies that a firm undertakes in the form of promotion,…

Q: Who owns and who controls the major factors of production?

A: An economy includes all production of goods and services, all selling and buying and all employment.…

Q: If scientific research produces a technological breakthrough in the production of computer memory,…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Explain the effects of business and industry on the following socioeconomic factors? 1. Education-…

A: Socioeconomic factors are the combination of society and economic factors that come together to…

Q: Select the two options that belong in positions E and L. Product Markets Consumption Spending…

A: Circular flow of income:- The continual flow of products and services manufactured, revenue, and…

Q: Understand the opportunity as a product development phase, includes:

A: The following are the stages of a product development process: Generation of product concepts…

Q: Can innovation and new production technologies delay or stop the occurrence of diminishing returns?

A: Diminishing returns The diminishing returns is very much an economic principle that states that when…

Q: The most pertinent phase in the production process?

A: Economic production is categorized into three stages based on the product curves (TR, AR, and MR)…

Q: Administrative Office Management is used in Economics?

A: Office management is the strategy of arranging, putting together, planning and controlling office…

Q: A business normally produces and sells as much as demand allows. However, sometimes is constrained…

A: The inputs required to produce a thing or service are known as factors of production, and they…

Q: What is a characteristic of pure command economies? A The government controls major industries. B…

A: There are majorly four types of economic systems.  1. Pure Command economy 2. Market economy 3.…

Q: Explain the factors within the economic environment affect business?

A: Factors within economic environment that affect business are as follows 1.Market conditions It…

Q: Identify the type of economic system. Enumerate one advantage and disadvantage per…

A: Laissez-faire is an economic concept where the market is believed to be free from any government…

Q: Profit is the child as well as victim of economic development.” Explain the innovation theory of…

A: Profit is the reward to the individual for undertaking the risk associated with developing new…

Q: Trends, or patterns of change, in the external business environment can create opportunities or…

A: A consumer's desire to buy products and services, as well as their willingness to pay a price for…

Q: # Microeconomics Which of these does NOT contribute to economies of scale? complementary production…

A: economies of scale refers that production increases and long run average total cost is decreasing .…

Q: hat initiatives are useful in improving profits?

A: Since businesses are experiencing different types of fundamental transformations due to…

Q: One of the following is not a factor for the static development of cottage industries in Ethiopia.…

A: A cottage industry is a limited scale, decentralized assembling business regularly worked out of a…

Q: The factors of production are best defined as the a. output produced from raw materials. b. inputs…

A: The common factors of production are land, labor, capital and enterpreneurship ability. Land earns…

Q: "Big corporations like Exxon Mobil and Ford Motor Company have deep pockets and need to be hiring…

A: The given statement is true.

Q: Which of the following qualities describe entrepreneurs?Choose one answer.a. Innovators b. Risk…

A: Entrepreneurs have to be innovative to succeed and introduce their product in the market where there…

Q: what is the hierarchy of research ? explain it in clear points

A: Research refers to the scientific enquiries of certain field that helps to describe, explain,…

Q: Question 4 Classify each of the following as a movement along or a shift of the production function…

A: The production possibility frontier is an economy model that depicts the link between the input…

Q: Match the Product with whether production should be centralized or decentralised Soap [ Choose ]…

A: Centralized production refers to the production process exist with upstream and decision about…

Q: What basic economic models and analytical approaches should managers use to understand, among a…

A: An economic model is a simplified representation of reality that enables us to observe, comprehend,…

Q: What were Milton Friedman economic theory’s general principles and who did he advise? Could you also…

A: Milton Friedman was a Nobel Peace Prize winner and an American economist. He created a number of…

Q: The main reason behind MNCS investments are Select one: a. To benefit foreign countries b. To…

A: The aim of corporate sector always is to maximise the profits. Whether they are operating in their…

Q: although finished goods are scarce, the inputs to produce them are not scarce. true false

A: although finished goods are scarce, the inputs to produce them are not scarce.

Q: Supply factors are those that cause an expansion in the production capacity,  also called the…

A: Economic Growth is the increase in the output or production of goods and services in the country…

Q: Identify the various dimensions of business environment in the following cases and discuss: 1. With…

A: Answer - Need to find - Identify the various dimensions of business environment in the following…

Q: Capital is --- in three sector model   factor payment factor input factor output Money supply

A: Factors of Production are those land, labor, capital and entrepreneur. Related Factor Payments are…

Q: Micro economics is the study of economy-wide phenomena, including inflation, unemployment, and…

A: Microeconomics is a branch of economics that studies the factors like the behavior of individual…

Q: Overtime in agriculture, farms with high average fixed costs of production are forced out of the…

A: Average fixed cost is the fixed cost per unit of output, which decreases with an increase in output.

Q: _____ using more capital than labor in the production process?.(fill in the blank)

A: Production process is the process in which inputs are used to make output for consumption.  Capital…

Q: Identify the intellectual revolutions that created paradigm shift. (100 words only)

A: Intellectual revolution: There are many measures that have been taken in order to provide knowledge…

Q: Creativity plays a critical role in innovation process. Creativity limits idea improvement as it…

A: The incorrect statement is B) Creativity limits the idea improvement as it move forward  It's…

Q: Which of the following qualities describe entrepreneurs? Choose one answer. Innovators Risk takers…

A: Entrepreneur: The term entrepreneur refers to the person who starts a business and enjoys a maximum…

Q: we are examining the growth of the industrial US. Select one major shift in American culture that…

A: Apprenticeships for craftsmen were no longer required with the advent of industrial production, and…

Q: Marshall assumed a non-corporate business form in his theory about the life cycle of the typical…

A: Unlike Adam Smith, Alfred Marshall avoided dealing with the less than savory aspects of corporate…

Q: Successful business managers have a good understanding of the environment in which the business…

A: Internal factors  that can affect any business can include: 1- Communication and interaction among…

Q: Agriculture is the backbone of Africa. But Africa has high poverty rate and the a large amount of…

A: Answer.   Introduction: The country Africa, being an agrarian economy (Agrarian economy means an…

Q: Create a mind map of the important concept/s of ECONOMIC ORGANIZATION.

A: Organizational economics is a field of economics that investigates interactions within particular…

Q: In at least two paragraphs, tell the class what you've learned in Business 101  and how this will…

A: Making a living or earning money via the production, purchase, and sale of items is known as…