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expansion phase

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Q: Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?
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The business of business is business discuss?

claim that the sole social responsibility of business is to increase its profits.


What do business do when there is increase in demand?

when there is an increase in demand the business increases their scale of production by supplyig more of a product in the market at a lower price.this not only helps them to earn profit but also reduces their cost of production because production is taking on a large scale and at a same time.higher profits means higher returns to the shareholder as well to the workers,employees and labourers.


Why were assembly lines introduced into factories?

To speed up production and increase profits.


What a bust phase in a capitalist economy?

Employment, profits, and business are low reflect a bust phase in a capitalist economy.


Who said The one and only social responsibility of business is to increase profits?

Milton Friedman


Why can firms not always reduce prices until they increase sales and profits?

if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.


What are the profits of business telemarketing?

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Output per worker is expected to increase by 10 during the next year Therefore wages can also increase by 10 with no harmful effects on employment output prices or employer profits True or false?

"Output per work is expected to increase by 10 percent during the next year. Therefore, wage can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Discuss this statement. "Output per work is expected to increase by 10 percent during the next year. Therefore, wage can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Discuss this statement. "Output per work is expected to increase by 10 percent during the next year. Therefore, wage can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Discuss this statement. "Output per work is expected to increase by 10 percent during the next year. Therefore, wage can also increase by 10 percent with no harmful effects on employment, output prices, or employer profits." Discuss this statement.


What bust phase reflects in a capitalist economy?

Employment, profits, and business are low reflect a bust phase in a capitalist economy.


Takl about competitors and how they might try and increase profits?

A competitors is a person that buys something from a business


Laissez-faire?

To leave something alone. In business, the government would not interfere to allow profits to increase


What services does the company Complete ICT provide?

Complete ICT provide you with a solution to your business problems via the computer. It can help improve a business and increase their business profits.