answersLogoWhite

0

What else can I help you with?

Continue Learning about Economics

Buyers and sellers who have no influence on market price are referred to as what?

They are referred to as price takers.


Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?

In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.


What refers to an item of economic value owned by a corporation?

An item of economic value owned by a corporation is referred to as an "asset." Assets can include tangible items like property, equipment, and inventory, as well as intangible items such as patents, trademarks, and goodwill. They are essential for a company's operations and are recorded on the balance sheet, reflecting the corporation's financial health and capability to generate revenue.


What is the right to make decisions issue orders and use resources called?

The right to make decisions, issue orders, and use resources is commonly referred to as "authority." Authority is the power granted to individuals or organizations to enforce laws, command actions, and allocate resources within a given context. It can manifest in various forms, including legal, managerial, and organizational authority.


What is it called when people focus on making one or just a certain goods?

When people focus on making one or a certain type of good, it is referred to as "specialization." Specialization allows individuals, businesses, or economies to concentrate their resources and efforts on the production of specific goods or services, leading to increased efficiency and expertise in that area. This practice can promote trade and economic growth, as specialized producers can exchange their goods with others who focus on different products.

Related Questions

What is the use of power and influence in organizations is referred to as?

Leadership


Should individuals with PhDs be referred to as doctors?

Yes, individuals with PhDs can be referred to as doctors because a PhD is a doctoral degree that signifies expertise in a specific field of study.


What are people that make fireworks called?

People who make fireworks are typically referred to as pyrotechnicians or fireworks technicians. These individuals are responsible for designing, creating, and setting off fireworks displays for various events and celebrations. They require specialized training and expertise to handle fireworks safely and effectively.


Why are lawyers sometimes referred to as "legal doctors"?

Lawyers are sometimes referred to as "legal doctors" because they provide expertise and advice on legal matters, similar to how doctors provide expertise and advice on medical matters. Both professions require specialized knowledge and skills to help individuals navigate complex issues and make informed decisions.


What is an E-organization?

E-Organizations are different from the traditional organizations. These are organizations established and operated, based on the Internet and other related technologies in an environment referred to as Internet Culture - whereby organizations will be placing the Internet at the centre of their business and encouraging ubiquitous use of network technologies E-Organizations are expected to be one of the promising organizational forms in this Internet era.


What is an attacker creating a profile of the target known as a footprint also referred to as?

When the attacker creates a profile of the target, which is known as footprint, the process is referred to as reconnaissance.


What is the primary function of reproductive system?

The primary function of the reproductive system is to generate new species. This function is commonly referred to as procreation.


What is the primary function of the primary system?

The primary function of the reproductive system is to generate new species. This function is commonly referred to as procreation.


What is a financial arranger?

Financial arrangers are sometimes referred to as lead underwriters. They work to negotiate the financing for syndicated loans for businesses and organizations.


Commercial organizations headquartered in one country that own or control other corporations or subsidiaries throughout the world are referred to as?

multinational corporarions


What are behaviors in organizations called?

Behaviors in organizations are commonly referred to as organizational behavior. This field focuses on understanding and managing individuals and groups within a workplace setting to improve overall performance and effectiveness.


What do you call a person who applies chemiclals?

A person who applies chemicals is commonly referred to as a chemist or a chemical applicator, depending on their specific job role or field of expertise.