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Which is not an example of services provided by government to business firms?
workers for a factory
Which firms provide consultancy in business process mapping?
There are a number of firms which are known to provide consultancy in business process mapping. Delta Point Consulting and AccuProcess, for example, both offer this service.
What affect does limited liability have on suppliers?
A limited liability protects suppliers by reducing the amount of liability they have. When working with contracts, suppliers must do everything they can to ensure they are protected.
What are the Appliance repair firms tax consultants law firms and insurance companies are all business firms that are part of the?
Service Sector
Why are suppliers interested about the business?
It is in the best interest of suppliers if the companies that they sell to do well. Many suppliers attempt to create long-term relationships with customers in order to get repeat business. The better their regular customers perform, the more likely the suppliers are to get repeat business.
Why do the firms or suppliers of a good in such markets face a perfectly elastic demand curve?
The price
Why suppliers need accounting information?
to make sure firms able to pay for its purchases
What are the major elements of specific environment and how each elements impacts firms?
CUSTOMERS SUPPLIERS regulators competitors
Can you give me an example of a sentence with the word relying?
She is relying on her friends to help her move this weekend.
What has transformed the purchasing function in recent years by helping firms find the best suppliers and the best prices?
The internet
Which type of computing refers to firms purchasing computing power from remote suppliers and pay only for the computing power they use?
farming. Example: 3D animation movie companies buy computer power on a 'render farm'.
What is the environment of business firms?
These include customers,competitors, suppliers, government, and the social, political, legal and technological factors etc.
Can rely be used in continuous tense?
Yes, "rely" can be used in continuous tense. For example, "I am relying on you to finish the project on time."
What does RATNEST mean in economics?
Resource prices, Alternative prices, Technology improvements, Number of sellers/firms, Expectations of suppliers/producers, Subsidies, Taxes
How do you stop relying on someone when you realize you've built your life totally around them for example your best friend?
Stop relying on other people! No person is going to be there for you every second of every day...try relying on yourself.
How do economists measure the degree of competition in a market?
_Amount of control a firm or a group of firms have over the total market supply _The amount of influence a firm or group of firms have over market price _The freedom new suppliers have to enter the market
Why does the firm use diversification strategy?
Diversification allows for firms to move away from relying on single brand/service lines. It also allows for them to survive by adapting to changing markets and demographics.
