Why is most business activity conducted today in hierarchical organizations rather than in markets

Q: Which of the following statements about close buyer-seller relationships in business markets is…

A: Exchange refers to the activity of give an take. It includes a buyer giving money to the seller in…

Q: What is the principal advantage of the corporate form of business organization? Discuss the…

A: * ANSWER :-

Q: Discuss the significance of the study of business economics to every manager.

A: business economics helps a manager to take decisions and solving the problem in day to day life of a…

Q: Entrepreneurial, machine bureaucracy, and adhocracy are examples of: Organizational goals O…

A: Organizational goals are the goals that an organization wants to achieve. The organization's…

Q: How does revenue data relate to the real world of business in relation to managerial economics?

A: Managerial economics refers to the segment of economics where various economic methods are employed…

Q: Compare and contrast the different economic ideologies including: communism, socialism and…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first question for you as per…

Q: 10) Which of the following statements is true about sole proprietorships? A) Sole proprietorships…

A: The sole proprietorship is the most simplest form of business organization. A single person owns the…

Q: Which dimension is related to market competition? Social dimension Natural dimension Socio-cultural…

A: Which dimension is related to market competition? The answer is Economic dimension.

Q: What in your view has led to an increase in the level of organisational competitiveness in modern…

A: Different economic enterprises compete for commodities that are limited by adjusting the parts of…

Q: what is the impact of digital technological developments on retailing, the supply chain and stock…

A: As the businesses around the world have gone digital there's been experienced a lot of changes in…

Q: Marx and Engels ([1848] 1967) argued that market-based capitalism was the most dynamic force in the…

A: The activities or policies that lead to improving the well-being and quality of the economy are…

Q: what does Adam Smith mean by “self-regulating

A: Adam Smith in his book called "The Wealth of Nation" published in 1776 has described the…

Q: Suppose you have a team of two workers: one is a baker and one is a chef. Explain why the kitchen…

A: Meaning of Organization: An organization refers to the group of unit or socially grouped unit that…

Q: What changes took place in the corporate organizations in the late 19th century, and how did these…

A: The late 19th century mainly in US is associated with the boost in the industrial output and plants…

Q: What were the the main influences on organizational structure during the 20th century? Describe one…

A: Main influences on organizational structure during the 20th century are 1.Modernisation…

Q: According to Theodore Levitt, in terms of an organization's business, railroads lost market share in…

A: Theodore Levitt criticised the management of American railroads in 20th century.

Q: hat initiatives are useful in improving profits?

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

Q: POLICY PERSPECTIVES Adam Smith in The Wealth of Nations asserted that the pursuit of self-interest…

A: The term self interest can be easily defined as the personal gain one tries to get. It is basically…

Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…

A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…

Q: The "Freshwater" school of economic thought is commonly associated with - a. Richard Thaler b.…

A: The economics as a study is based upon the idea that each society tend to have a limited amount of…

Q: Briefly list and explain each of the eight main shortcomings of the capitalist, free-market…

A: Owners of wealth, property, ability to traverse capital, or production ability in capital and…

Q: Why is it that small business is more effective than big business in small or isolated markets?

A: Price advantage: the price of small business products is generally lower than that of large business…

Q: What is a corporate evaluation? What is the importance of corporate formulation?

A: Answer is given below

Q: Samsung Pay is an example of FinTech/innovation. Explain the business problems and how innovative…

A: Problems of business: Future uncertainities Problem arose due to gloalization Rules nd regulations…

Q: How SWOT analysis affects the business organization

A: SWOT stands for strengths, weaknesses, opportunities and treats.

Q: A(n). is a way that individual firms are interconnected O microeconomy O industry O market structure…

A: In economics, firm refers to any company which seeks make profit by producing or selling various…

Q: We know that environment has an obvious impact on business. Illustrate the impact of the…

A: The socioeconomic environment is described as the social impacts that are inserted on health in the…

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: Reed, Isaiah, Nia, and Taylor are all lawyers. After several years of working for big firms, they…

A: A business organization is an entity aimed at carrying on commercial enterprise by providing goods…

Q: Is is true that one of the largest complaints of the capitalism (free-market) economic system, is…

A: the unrestricted economy/free market is an unregulated arrangement of monetary trade, where charges,…

Q: Select and examine any two economic systems that you think affect businesses most in South Africa.…

A: Select and examine any two economic systems that you think affect businesses most in South Africa.…

Q: How do the reward system and organization cultureaffect innovation in organizations?

A: Innovative organizations appear to have cultures which are closely related. They promote creative…

Q: Explain the following Business Organization types   A. Sole Proprietorships   B. Partnerships…

A: (A). In sole proprietorship, business is owned and managed by a single person. The liability of that…

Q: Why do you think so many City governments and state seem to bend over backwards to get new…

A: The city government and state seems to bend over backward to get new business to locate in their…

Q: Discuss the differences between corporate level, businessunit level, and functional level…

A: Strategy can be described as any form of strategy with things to achieve better results in the long…

Q: How does profit motive affect innovation and economic productivity?

A: Profit motive: The benefit rationale is the inspiration of firms that work to amplify their…

Q: Friedrich von Hayek won the Nobel Prize in Economics in 1974. In awarding the prize, the Academy…

A: Microeconomics is that the study of people, households and firms' behavior in higher cognitive…

Q: What is the class relationship at the core of the Capitalist economic system

A: Capitalism is frequently considered as an economic system in which private entertainers own and…

Q: s of an organization (e.g.Daraz) and identify relevant e-business systems (or modules) that can…

A: The five challenges of an organization and solutions are : 1. Poor communication : E-business has in…

Q: 2-Porter's Value Chain Model identifies activities where organizations can use competitive…

A: Porter’s Value Chain model states a strategic management tool which helps by breaking an…

Q: How can organizational context influence the decisions made by organizational members?

A: The term organizational context refers to the context of the organization which includes :- how big…

Q: Historically, how have the three sectors evolved?

A: The economic structure of developed countries has followed a basic pattern of development throughout…

Q: Describe an interaction in the business world that can be described as each of the following. Note…

A: Since you have asked multiple questions, we will solve the first two for you. If you want any…

Q: Give your understanding about the difference between Islamic Economics system and Capitalist…

A: Capitalist economy system is frequently considered as a financial framework in which private…

Q: Explain how the concepts of B2B and B2C relate to supply chains. What is the economic order quantity…

A: