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Which is true of an economy which operates entirely through central planning?

There is relative ease in matching resource allocation to consumer demand


Difference between resource allocation and resource utilization?

Resource allocation refers to setting aside resources. Resource utilization refers to how resources are used.


What are resource allocation name graphs?

What are the dominate method of resource allocation?Discuss with the help of example?


Which of the nine resource allocation strategies is best?

Which of the nine resource allocation strategies is best in your opinion*


What is difference between resource allocation graph and resource allocation graph algorithm?

The graph is the the actual picture that shows the resource allocation; the algorithm is the method used to produce that graph.


Can resource allocation graph have cycles without a deadlock?

yes resource allocation graph have cycles without a deadlock existing.


What are the disadvantages of a centrally planned economy?

In a centrally planned economy, the disadvantages include lack of competition, inefficiency in resource allocation, slow innovation, and limited consumer choice.


Various disciplines that have contributed to the study of consumer behaviour and briefly discuss their relevance to consumer behaviour.?

Several disciplines have significantly contributed to the study of consumer behavior, including psychology, sociology, economics, and anthropology. Psychology helps understand individual decision-making processes and emotional influences, while sociology examines social influences, group dynamics, and cultural contexts affecting consumer behavior. Economics provides insights into consumer choices based on resource allocation and market dynamics, and anthropology offers a deeper understanding of cultural values and rituals that shape consumption patterns. Together, these disciplines create a comprehensive framework for analyzing the complexities of consumer behavior.


Examples of resource allocation in the environment?

Energy


What does resource allocation mean?

'Resource Allocation' is a management terminology phrase for the scheduling of activities and resources needed to complete them whilst taking into consideration both the time needed to complete and effort it will take.


One key responsibility of Multiagency Coordination Systems is to?

Make resource allocation decisions based on incident priorites


What do you mean by Resource allocation in strategic management?

RESOURCE ALLOCATION IN STRATEGIC MANAGEMENT REQUIRES KNOWLEDGEABLE HRM THAT PLACES THE RIGHT HUMAN RESOURCE COMPATIBLE AND CAPABLE OF PERFORMING A SPECIFIC TASK OR FUNCTION EFFECTIVELY TO MEET ORGANIZATIONAL GOALS.