What are the important areas of decision-making
What are the important areas of decision-making?
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Following are the important areas of decision making; i) Selection of product. ii) Selection of suitable product mix. iii) Selection of method of production. iv) Product line decision. v) Determination of price and quantity. vi) Decision on promotional strategy. vii) Optimum input combination. viii) Allocation of resources. ix) Replacement decision. x) Make or buy decision. xi) Shut down decision. xii) Decision on export and import. xiii) Location decision. xiv) Capital budgeting.
Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.
Compared to men along with similar amounts of education or experience, women onto average earn: (1) higher wages. (2) similar wages. (3) lower wages. (4) There is no general pattern. Can someone explain/help me with best solution a
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All else identical, a competitive firm will demand more labor when: (w) technological advances lead to automation. (x) the price of the firm’s output rises. (y) more firms enter the industry. (z) competing firms offer their workers more training
What are the external factors in governing prices?
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