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Globalization of production is one example that illustrates the relationship between market force and organizational responses. For instance, if customer demand around the globe for a product increase, organizations have to respond to meet those needs.

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What is E-manufacturing please illustrate with the help of examples and how the worlds business are changing in its affect?

totally the manufacturing system stat from raw material to the finished product including its management ,finance marketing based on computerized is known as E


Can you provide some entrepreneurship examples to illustrate the concept of starting and running a successful business?

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In a supply and demand graph, market equilibrium occurs where the supply and demand curves intersect, indicating a balance between the quantity of goods or services supplied and the quantity demanded. At this point, the price is stable and there is no shortage or surplus in the market. Examples of supply and demand graphs showing market equilibrium can be found in economics textbooks or online resources.


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The principal-agent problem occurs when a principal hires an agent to act on their behalf, but the agent may not always act in the best interest of the principal. Examples include a CEO prioritizing their own interests over shareholders, or a doctor recommending unnecessary treatments for profit. This can lead to conflicts of interest, lack of trust, and inefficiencies in the relationship between principals and agents.


What are some examples that illustrate the differences between micro and macroeconomics?

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