Answer:
ECONOMIES OF SCOPE
Explanation:
Economies of Scope concept implies producing different , but related products will reduce the per unit cost of production of the firm (relatively lesser than if the products would have been produced separately.
This happens because of backward & forward linkages in interrelated but different goods' inputs & outputs .
Ex : In this case, another byproduct - molasses has been produced of waste from sugar production, which could have otherwise been purchased input.
Economies of Production is cost reduction due to quantity & not variety production. Diseconomies of Scale & Diseconomies of Scope are their opposite phenomenas leading to cost rise . So , none of these 3 are apt.
The number of available colors is n = 7.
The number of colors that can be selected at a time among the 7 colors is r = 5.
This means that the number of selections of 5 colors from 7 colors at a time is ₇C₅.
By definition,
Answer: The number of color groupings is 21.
Answer: d. price control.
Explanation:
Price control is a mechanism used by government in order to control price, this is done when government sets a minimum and maximum price for certain goods and services, this is done in order to manage the purchasing power for such goods. Most times government adopt price control system for things like food, energy product, etc. Price control can lead to a situation where there will either be shortage or over supply.
Question Completion with Options:
*Re-evaluate the existing commission plan to determine whether you can eliminate the perception of unfairness. Re-evaluate the base salaries by comparing them to other upscale clothing stores.
*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel. Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.
*Travel to the stores and explain the system in detail to the sales teams. Tell them you will try to clear up any perceived unfairness once you see whether they are serious about selling
Answer:
*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel. Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.
Explanation:
Longer-term sales personnel should be rewarded differently from newer personnel. But, this differential reward should not be based on the sales commission. The base salary will be more ideal for this tenure reward. This will be in line with the Expectancy Theory which states that employees base their individual levels of effort on what is necessary to perform well and earn rewards within the workplace. The theory also requires that the reward structure is clear with well-defined goals and routine evaluations. The Expectancy Theory helps workers to put in their best because they are looking forward to some well-defined and clear rewards.
Answer: Chad took an illegal listing
Explanation:
From the question, we are informed that Seller Wanda told her broker Chad that she wants to clear $75,000.00 when she sells her home and that Chad took the listing and sold the home for $150,000 and gave Wanda her $75,000.00 and he kept the other $75,000.00.
In this scenario, Chad took an illegal listing. Wanda has the right to know the amount that the home was sold. All written offers should have been sent to Wanda for her to review.
