Productivity and Costs

The same is true for equipment. If equipment is operating at a low level of productivity, it is not producing the maximum number of products that it could, resulting in higher costs per unit. Or, old and inefficient equipment might require more power than newer machines, resulting in higher utility and maintenance costs. Thus, low productivity results in higher costs at this level, as well.

Pricing a product can be based on a number of different factors, including the image that the company wants to create for a particular product or service. Some items are sold at discount prices to attract budget-conscious consumers while other items are sold at premium prices to maximize profitability and attract a different type of consumer. These are marketing decisions that are based on how the company has segmented the market and the goals that the company hopes to achieve in the marketplace.

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der, as well. So long as many different Ethiopians can do the few jobs that are available, competition will be high. But as jobs become more specialized, fewer workers can effectively compete (due to training requirements), which means that wages will increase since there is a lower supply. 2b) During economic recessions, jobs are difficult to come by as unemployment rises. However, the military offers room and board as well as wages to those willing to join. In exchange for this, recruits give up some amount of personal freedom for a given period of time. During good economic times, individuals are able to select from a wide variety of jobs that offer both better pay and more freedom than the military, so there is less success in recruiting during periods of economic prosperity. The presence or absence of war affects recruiting regardless of the economy as recruits consider the likelihood of personal risk against their feelings of patriotism and thus may choose to join the military even when other employment options are available to them. 2c) Supply and demand is also at work with regard to professional basketball players as well as players in other sports. Although there are only a small number of professional sport job
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Some common words found in the essay are:
, Federal Reserve, price increases, productivity increases, supply demand, jobs available, federal reserve, product categories, workers willing perform, market share, price fluctuations, items sold, wages increase,
Approximate Word count = 1508
Approximate Pages = 6 (250 words per page)

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