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Does business control variety in the marketplace?

Does Business control variety in the marketplace?,


Distinguish between production and operation management?

Production management is an organized function within a business that deals with planning, forecasting and production or marketing of a product at all stages of its lifestyle. Operation management is concerned with overseeing, designing and controlling production and business operations during the production of goods or services.


What is allocates resources?

Resource allocation is the process and decision of allocating money to a specific project or business unit.


What do free entry and exit?

Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.


What do free entry and exit refer to?

Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.


What free entry and exit refer do?

Free entry and exit are terms which are used by economists and refer to the marketplace, or economy. These terms relate to how companies conduct business, by increasing or decreasing production as the market demands.


What does the term Comparative Advantage mean in Commerce?

In trade and commerce, the marketplace allows producers to take advantage of their costs of production. Each business can specialize in the production of a product in which they have the opportunity to have a lower cost of production. With that comes the comparative advantage. This increases total production and makes the economy larger. With this all companies have the chance to benefit. The additional production generated by specialization is the gain from free trade.


What is an advantage of owning your own business?

You can respond quickly to changes in the marketplace


Why is a uniform necessary in some business?

shows that the business is organized and in control


What was the Production Budget for The Business of Strangers?

The Production Budget for The Business of Strangers was $6,000,000.


Business people organized the domestic in order to?

Bussiness people organized the domestic in order to


What sorts of decisions do businesses make?

Decisions are made within the business structure about who will produce, how much will be produced, how production will be implemented, how the work will be organized, and how the finished good or service will be made available