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1. Managers and employees interact with external customers and build relationships with them, develop new products and services, interact with external suppliers, and produce products and services or services for external customers. Meanwhile, supporting processes provide important resources and inputs into the core processes that are important for managing the activities of a company or organization. Describe the core processes of operational management.
2. In human relations in the workplace, one employee can be motivated to work hard to produce as much as possible, but the other person is only motivated to do something moderately. Describe the three types of motivation theory.
3. Products and services require development. Product development is the creation of products or services that provide greater value to customers. If the product development effort is successful, new products or modified products will be produced that can meet customer needs. Describe 6 (six) types of product development.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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