The field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment is called?

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Answer 1

Business Economics  is the field of economics that deals primarily with the factors that determine wage rates, employment, and unemployment

It is a field of both business and economics that deals with both the micro and macro aspect of the economics with the mix of the management involved in it.

It involves both the wage rates and employment and unemployment issues with the business activities and the management at all levels to consider the policies and procedures to be implied in the organisation. It also decides the income and wage expansion accordingly.

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Related Questions

How much of the food that you eat is unprocessed, unpackaged or locally grown? in michigan

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Think vegetables, cereals, legumes, fruits, nuts, meats, seafood, herbs, spices, garlic, eggs, and milk while imagining unprocessed or minimally processed cuisine. Lay the foundation of your diet on these real, natural foods.

Magnesium and heart-healthy fats are only two of the heart-healthy minerals and antioxidants that are abundant in real food. Inflammation, which is one of the main causes of heart disease, may be reduced by eating a diet high in nutrient-dense, unprocessed foods. This analysis looks at the value of Michigan's agricultural food products from the farm through processing, retailing, and to the consumer.

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Workplace health and safety education programs should be directed toward which employees?

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Occupational health and safety education programs should be directed to all employees including supervisors, managers and senior staff.

Occupational safety and health aim as guidelines, programs and practices that maintain the safety, welfare and health of workers. The ultimate goal of any safety and health program can be defined as a way to provide the safest working environment and minimize the possibility of injury, accident and death in the workplace.

Health and safety are important in the workplace because it includes the health and safety of everyone who works for you as well as your customers, visitors and suppliers. It may cost money and time at the start to implement safe practices and install safety equipment, but it is critical to the success of your business.

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True or false: when using a financial calculator to find the number of payments, the pmt value should be entered as a positive.

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when using a financial calculator to find the number of payments, the pmt value should be entered as a positive. The given statement is False.

What is the PMT function?

Excel's financial functions include the PMT Function. The function aids in determining the total payment (principal and interest) necessary to pay off a loan or investment with a fixed interest rate over a predetermined period of time.With constant payments and an interest rate, the PMT function can be used to calculate the loan's future payments. For any loan or investment amount with a fixed rate of interest and a constant quantity, the PMT function in Excel is used to determine the required instalments. When we choose any insurance or loan from a bank, this is just the EMI we pay for our loan or invested amount. The function is referred to as PMT since it determines the payment amount.

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How should the wages of a sheet metal worker in a fabrication plant be classified? multiple choice 1
A. product cost
B. period cost
C. nonmanufacturing cost
D. administrative cost

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The wages of a sheet metal worker can be classified to be product cost.

What is meant by product cost?

This is the term that is also used to refer to the cost of production. This is a term that helps to tell us of the cost that a person may have to incur when they are to produce a good or to create a service.

The sheet worker is being paid for the services that he renders ion the production of the good. So this is the product cost.

Hence we can say that The wages of a sheet metal worker can be classified to be product cost.

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________ business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.

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Strategic business processes are dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions.

This is further explained below.

What is business?

Generally, An organization or entrepreneurial body that engages in commercial, industrial, or professional activity is what we mean when we talk about "doing business."

In conclusion, Business processes that are dynamic, non-routine, and long-term are referred to as strategic business processes. Some examples of strategic business processes are financial planning, growth plans, and stakeholder interactions.

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Which qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result?

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Neutrality is qualitative characteristic requires that financial information should not influence decision making to achieve a predetermined result.  The trait of neutrality is frequently referred to as objectivity or freedom from bias. When creating or implementing standards, the relevance and veracity of the information that arises should be the main consideration, not how the new norm may affect a certain interest or user (s).

Accounting facts and accounting procedures should be independently assessed and reported without any explicit bias toward any particular user or user group. It cannot be stated that accounting information reported favors one set of interests over another if there is no bias in the selection of that information. It is because that is what the data indicates.

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To buy a company's stock at a predetermined price sometime in the future is known as a(n) ______.

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To buy a company's stock at a predetermined price sometime in the future is known as a stock option. A stock option is a contract that grants investors the right, and not the obligation, to buy or sell a stock at a specific price and date. One of the derivative stock contracts is included in this. A stock option contract denotes 100 owned shares.

Two categories of stock options exist:

A put is a contract that assumes the stock price will decline.A call is a contract that assumes the price of the stock will rise.

Depending on the trader's technique, stock option contracts can be traded in one of four ways. For instance, you can buy a Call contract or sell a Put contract if you believe that the stock price of Faceb0ok will rise.

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Kristen has been late on her mortgage payments and is now in default on the mortgage. which clause in kristen's mortgage will allow the bank to foreclose on the property...?

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The clause in Kristen's mortgage will allow the bank to foreclose on the property Acceleration clause 5.3 .

What is Mortgage Payment ?

A mortgage payment is normally made up of four components: principal, interest, taxes and insurance. The amount that is deducted from your outstanding loan balance is known as the principal component.Until the loan matures or you sell the property, monthly mortgage payments are typically due on the first of the month. It doesn't really matter when your mortgage funds because the payment is still due on the first whether you close on the fifth or the fifteenth of the month.

A mortgage is a loan that you obtain from a lender to pay for the purchase of a home. When you obtain a mortgage, you make a commitment to pay back the borrowed funds with an agreed-upon interest rate. The house serves as security.

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Which industry has a larger economic impact in the u. S. -sports or entertainment?.

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answer: entertainment

True or false: when the price of one product rises, the demand for its substitute will increase.

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True - The product's price elasticity refers to the extent to which changes in price translate into changes in demand and supply.

The selection is appropriate since alternative commodities are defined as goods that provide a similar purpose for a consumer. Since they provide a comparable level of enjoyment to consumers, substitute goods can be used in place of one another. As a result, as the cost of a substitute good increases, demand for the other commodity also increases. As a result, the price of the other good rises as a result of the increased demand for it. This is due to the fact that as a good's price increases, consumers tend to make fewer demands of it rather than switching to a different one. As a result of the interaction between price and overall quantity of commodities, it reflects the increasing slope of the demand curve.

The law of demand states that demand for an item or resource will go down as its price goes up and up as its price goes up.

On the other side, lower prices tend to enhance an economic good's supply while higher prices tend to decrease it, according to the law of supply. A visual illustration of the market-clearing price is the point where the supply and demand curves connect, balancing supply and demand. The demand for needs is comparatively inelastic, meaning that it responds less quickly to price changes.

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True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

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This problem is false statement. as contra-asset account, such as accumulated depreciation, will have a normal debit balance

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

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If the supply of and demand for a product decrease at the same time, then equilibrium:___.

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At the same time, the equillibrium tends to increase.

Curves of supply and demand illustrate the connections between price and quantity. When supply and demand are in balance, there is equilibrium. Because revenues are a function of price and quantity, the form of these curves and the equilibrium price have an impact on both small and large firms. The supply and demand curves for various industries are influenced by the joint actions of firms and customers, even if a single business cannot change the shape of these curves.

Include shifts in consumer expectations and new technologies when predicting a supply curve shift. The converse is true for downward movements in the supply and demand curves, which show growing supply and decreasing demand, respectively.

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If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilibrium price and quantity of lattés?.

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If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.

What do we mean by equilibrium price?An equilibrium price, also recognized as a market-clearing price, is the customer cost assigned to a product or service at a point where supply and demand are equal or nearly equal. The price at which the demand curve equals the quantity supplied is known as the equilibrium price. The intersection of the demand and supply curves determines it. A surplus exists when the quantity supplied of a good or service exceeds the quantity demanded at the current price, putting downward pressure on prices. For example, if scientists discover that steamed milk, which is used to make lattés, reduces the risk of heart attack, the equilibrium price and quantity will both rise.

Therefore, if scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, then the equilibrium price and quantity would both rise.

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The ____ encompasses the entire telephone system, from the wires that enter homes and businesses to the network centers that connect different regions of a country

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The pstn encompasses the entire telephone system, from the wires that enter homes and businesses to the network centers that connect different regions of a country.

What is pstn ?

Infrastructure and services for public communications are provided by the public switched telephone network (PSTN). The PSTN is the collective name for all circuit-switched telephone networks in use today, whether they are run by global, regional, or local telephony providers. These include phone lines, fiber optic cables, microwave transmission links, cellular networks, communications satellites, and undersea telephone cables. Switching centers connect all of these, enabling communication between the majority of telephones.

Initially a network of fixed-line analog telephone systems, the PSTN is now almost fully digital in its core network and includes mobile and other networks in addition to fixed lines.

The PSTN operates in accordance with ITU-T standards on a technical level. These standards provide seamless network interoperability between various networks in various nations.

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In process costing, costs incurred in a department are not transferred to the next department. a. true b. false

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True, In process costing, costs incurred in a department are not transferred to the next department.

What are the transmitted in costs as used in a revolution costing system?

Transferred-in costs are the costs collected by the product at any given point in presentation. They are "transferred in" to the new business department that takes the partially finished product and is accountable for restarting the production process.

What is true about revolution costing?

Process costing is an important product costing process for manufacturing businesses that mass produce a large volume of similar effects or units of output. Process costing is widely used in enterprises such as oil refining, food presentation, chemical processing, materials, glass, cement and paint manufacture.

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the general manager of a major league baseball team reasons that hiring an all-star-caliber third baseman would allow the team to win

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According to the marginal productivity theory, the price of each production factor will be equal to its marginal productivity in a market with perfect competition. The industry establishes the factor's price. The quantity of a certain factor that the firm uses when the price is equal to its marginal productivity

Because it is inefficient to pay employees, a company that seeks to maximize profits would hire people up until the point where the marginal revenue product and the wage rate are equal.

According to their ability to produce, workers should be paid a certain amount, according to the marginal productivity theory.

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firms 1 and 2 compete in a cournot duopoly. if firm 2 adopts a strategy that raises firm 1's marginal cost, multiple choice firm 1 will increase its output. firm 1 will not increase its output nor enjoy higher profits nor will firm 2 lose market share. firm 1 will enjoy higher profits. firm 2 will lose market share.

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Firm 1 will reduce its output.

Cournot duopoly is  also known as  Cournot competition

It is a model of imperfect competition in which two firms with identical cost functions compete with homogeneous products in a static setting.

It was created by Antoine A. Cournot in his “Researches Into the Mathematical principles of the Theory of Wealth” in 1838. Cournot  duopoly represented the making of the study of oligopolies, particularly the duopolies, and it also expanded the analysis of market structures which, until then concentrated on the extremes of it as perfect competition and monopolies.

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In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.

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In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.$2,600 debit balance.

As shown at left, asset, expense and dividend accounts each follow the identical set of debit/credit rules. These accounts normally carry a debit balance. On the asset side of the record, a debit increases the balance of an account, while a credit decreases the balance of that account.

When an organization receives money prior to earning it, the accounting may be a debit to the asset Cash for the quantity received and a credit to the liability account like Customer Advances or Unearned Revenues. Debits increase asset accounts; credits decrease asset accounts.

Third: Debit the receiver, Credit the giver. A debit increases asset or expense accounts, and reduces liability, revenue or equity accounts. A credit is usually positioned on the proper side of an entry.

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True or false: the interval measure indicates how long a start-up company can operate until it needs more financing.

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Answer: True

Explanation:

The interval measure indicates how long a start-up company can operate until it needs more financing.

Highly suspect corporation has current liabilities of $424,000, a quick ratio of 1.30, inventory turnover of 4.40, and a current ratio of 3.20. what is the cost of goods sold for the company?

Answers

$3,115,770  is the cost of goods sold for the company.

What are goods ?

In economics, "goods" are things that fulfill human needs and provide utility, such as to a customer buying a fulfilling product. Services that cannot be transferred and transferable products are two categories that are frequently distinguished.

When a good is helpful to people but is in short supply compared to demand, it is said to be a "economic good" and requires human effort to attain. Free things, on the other hand, like air, are always available and don't require any deliberate effort to obtain. Private goods include anything a person owns or uses on a regular basis that is unrelated to food, such as televisions, living room furnishings, wallets, cell phones, etc.

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Managing a supply chain is a fairly simple task. activities occur sequentially, customers know what they need, and the companies involved share common goals.
a. true
b. false

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False. Managing a supply chain is a not fairly simple task. Activities occur sequentially, customers know what they need, and the companies involved share common goals is a hard things to do. Especially in the field of management which we will be more required to understand for humans than anything else.

Supply chain management is a coordinated system consisting of organizations, human resources, activities, information, and other resources that are involved together in moving a product or service either in physical or virtual form from a supplier to a customer. The goal to be achieved from each supply chain is to maximize the value and profit generated as a whole. An integrated supply chain will increase the overall value generated by the supply chain.

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Using the ob concepts and tools that best suit the situation is called a(n)____to management.

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Using the OB concepts and tools that best suit the situation is called a contingency approach to management.

What is contingency approach?

The Situational Approach, also known as the Contingency Approach, is founded on the idea that all management is fundamentally situational in nature. The circumstances of a particular situation will have an impact on (if not control) all managerial decisions. There isn't just one effective technique to approach any decision.

Contingency approach to management refers to using the OB concepts and tools that are most appropriate for the circumstance.

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Choosing to work an extra hour of overtime is an example of? thinking at the margin. efficiency. equity. market equilibrium.

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Choosing to work an extra hour of overtime is considered an example of thinking at the margin.

Thinking at the margin refers to thinking about the next step forward. Here margin implies additional. So this is derived when something extra is consumed or produced. Thinking at the margin is also key in deciding the optimal amount of something to buy or an activity to engage in.

Suppose when a person chooses to work an extra hour of overtime this becomes an example of thinking at the margin. So when a person starts thinking on the margin, they notice that, for many decisions the margin is more important than the average.

Hence, option A is correct.

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If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.

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No, if a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high

The cash flow or coins equivalent that the organization gets or offers out by using the way of charge(s) to lenders is called coins float. cash go with the flow analysis is frequently used to examine the liquidity role of the organization.

Cash flow is a measurement of the quantity of coins that comes into and out of your business in a particular time frame. when you have fantastic coins go with the flow, you've got greater coins entering your commercial enterprise than you've got leaving it—so you will pay your payments and cover different fees.

Upload your internet earnings and depreciation, then subtract your capital expenditure and change in operating capital. loose coins drift = net income + Depreciation/Amortization – alternate in working Capital – Capital Expenditure.

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In the nurse care manager model, care managers increase primary clinic capacity for treating patients with opioid use disorder by:_________

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In the nurse care manager model, care managers increase primary clinic capacity for treating patients with opioid use disorder by managing patients in collaboration with the prescriber

What is the nurse care manager model?

Under the direction of a nurse care manager, the nurse care manager approach streamlines office-based opioid therapy (OBOT). According to this strategy, nurse care managers carry out the initial screening, link patients with waivered clinicians for pharmaceutical prescriptions, and schedule follow-up appointments with patients to keep tabs on maintenance and recovery. The waivered provider attests that the patient should receive treatment for opioid use disorder (MOUD) using medication.

Nursing Care Manager Programs, as an Example

Nurse care managers are a key component of Boston Medical Center's Office-Based Addiction Treatment (OBAT) Program, commonly known as the Massachusetts Model, which assists doctors in treating opioid use disorder (OUD). The initial screening and ongoing patient support are tasks that fall within the purview of the nurse care managers within this program. With the help of this cooperative strategy, patients with OUD are given efficient, well-coordinated, and team-based care.

Thus, these nurse care manager programs are extremely beneficial and take good care of patients.

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The intentional use of government spending or taxing to affect the level of output, employment, and prices is known as:______

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Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.

Congressional reforms to government spending and taxes with the intention of fostering full employment, price stability, and economic growth.

Expanding government spending, lowering taxes, or increasing government transfers are examples of expansionary fiscal policy instruments. Any of these actions will raise aggregate demand, which will enhance output, employment, and price level.

The intentional use of government spending or taxing to affect the level of output, employment, and prices is known as Fiscal Policy

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__________ shows the number of units the market will buy in a given time period, at different prices that might be charged.

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(B) A demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.

What is a demand curve?A demand curve is a graph in economics that depicts the relationship between the price of a commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis). A demand curve depicts the number of units that the market will purchase in a given time period at various prices that may change. Demand curves can be used to model the price-quantity relationship for a single consumer (an individual demand curve) or for all consumers in a given market (a market demand curve) (a market demand curve).Demand curves are generally assumed to slope downward, as illustrated in the adjacent image. This is due to the law of demand, which states that when the price of good rises, the quantity demanded decreases.

Therefore, (B) a demand curve shows the number of units the market will buy in a given time period, at different prices that might be changed.

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The complete question is given below;
__________ shows the number of units the market will buy in a given time period, at different prices that might be changed.

a) target costing

b) a demand curve

c) price elasticity

d) total cost

b) a demand curve

The more extensive an electrical wiring system is, the more cost added to the project. true false

Answers

It is True that the more extensive an electrical wiring system is, the more cost added to the project.

What are the Types of Electrical Wiring Systems?Wiring Clat

In this, 0.6 m-diameter porcelain, wood, or plastic cleats are fastened to walls or ceilings at regular intervals.

Wire Casing and Capping

In this, a cable is passed through a grooved wooden casing.

a batten wire

Insulated wires are woven into the slender teak wooden battens of this. Plugs and screws are used to secure the wooden battens to the walls or ceilings. Use of tinned brass link clips allows the wires to be attached to the battens.

cable wiring

PVC cables are used in this wiring and are taken through either steel or PVC conduit pipes.

Sheathed in Lead Wiring

With the exception of the type of wire or cable, this wiring technique is likewise comparable to the CTS / TRS Wiring. In this, vulcanized Indian rubber is used to insulate the electrical conductor before a sheath made of a lead-aluminum alloy (95% lead and 5% aluminum) is applied.

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Throughout the simulation new companies will eventually enter the market. true or false?

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Throughout the simulation new companies will eventually enter the market.

This problem is a false statement.

What is market?

The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.

Therefore,

This problem is a false statement.

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________ growth makes sense when good opportunities can be found outside the present businesses.

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Diversification growth makes sense when good opportunities can be found outside the present businesses. Diversification implies bringing down your gamble by spreading cash across and inside various resource classes, like stocks, bonds and money.

What does Diversification means?

Diversification is a corporate methodology to go into another items or product offerings, new administrations or new business sectors, including significantly various abilities, innovation and information.

In effective money management, diversification is the demonstration of putting an in a wide range of resources. Diversification means to lessen the general gamble of a speculation portfolio without decreasing the bring likely back.

Diversification is a strategy that lessens risk by designating ventures among different monetary instruments, enterprises and different classes. It expects to boost return by putting resources into various regions that ought to each respond diversely to changes in economic situations.

Therefore diversification alludes to the improvement of new items and administrations that are like the ones you as of now sell.

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