answersLogoWhite

0

When individuals agree to provide some part of labor for a business, it is called "labor contribution" or "labor participation." This arrangement often occurs in cooperative businesses or partnerships, where each member contributes their skills and efforts toward a common goal. Such agreements can enhance collaboration and shared responsibility within the organization.

User Avatar

AnswerBot

5d ago

What else can I help you with?

Continue Learning about Economics

When a buyer agrees to buy and the seller agrees to sell they both sign a contract called?

When a buyer agrees to buy and the seller agrees to sell, they both sign a contract called a purchase agreement or sales agreement. This legally binding document outlines the terms and conditions of the transaction, including the price, payment methods, and delivery details. It serves to protect the interests of both parties and ensures that the terms are clear and enforceable.


Why are people important in the business environment?

A business can only run if there are people that can run a business these would be called the owner's, manager's ect... the business also need people to make the product with is the employee's. if there is going to be a product produce they need people to buy it customers (s). to make the Product the need raw materials e.g. paper, food ect... they need people to provide this which would be the suppliers. all of these people all come under a group called stakeholders and they our the blood of the business. no people no business. simple!! hope it help! :)


What is the name for a formal organization of producers that agrees to coordinate prices and production called-?

The name for a formal organization of producers that agree to coordinate prices and production is called a cartel.


A what is a business representative called?

An agent is a business representative. Many times, an agent can make decisions for the business and enter into contracts for the business.


What is the application of moral standards to business decisions and activities called?

Business ethics

Related Questions

What is the term for individuals who invest in a business by buying shares of stock?

Individuals who invest in a business by buying shares of stock are called stockholders or shareholders.


What type law regulates industry business and individuals?

The type of law that regulates business industry and individuals is called Companies Law. This law covers almost every type of business, corporations and partnerships.


A person who agrees to work for no pay?

A person who agrees to work but does not earn any money is called a volunteer.


What is it called when everyone agrees when you vote?

Universal Participation


When a justice agrees with majoritys opinion but for different reasons this is called?

When a justice agrees with the majority's opinion but for different reasons, it is called a concurring opinion. This allows the justice to express their own reasoning and perspective on the case while still aligning with the overall decision of the majority. Concurring opinions can provide additional insights or highlight specific legal principles that the justice believes are important.


What is the Contract called which lets one party deny other party rights to do business transaction with anyone else?

Here are two types of contracts that may answer your question: Requirements contract - A Buyer agrees to purchase all of their needed from a certain seller Output contract - Buyer agrees to purchase all that is produced by seller


What is it called when everyone agrees on a single decision?

The decision is described as unanimous.


What is the form called when 1 country agrees to fight another?

A war...


When a business hires a third party firm to provide services it once offered itslef it is called?

outsourcing


When a lender agrees to take title to the property without foreclosing it is called?

It is called 'deed in lieu of foreclosure'.


What is the meeting of nations called that agrees upon international policy?

united nations


When a US business hires a third party within the US to provide services they offer to their customers it is called?

Outsourcing