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Specialization
Specialization
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StudBud Administration
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157 plays
A process in which business and people focus on producing one or a few parts of an entire product.
Flashcards
10 cards
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Questions
10
Answers
1
Who specializes in seat production?
A
D
B
C
2
Which allows a business to increase the amount it produces and sells?
Voluntary Exchange
Entrepreneurship
Private Property
Specialization
3
Which Warsaw macroeconomic company does not specializing in toastping their bread?
Jimmy Johns
Quiznos
Stella's Pub
Subway
4
What would be an example of a microeconomic business?
Dunk in' Donuts
Starbucks
Lemonade stand
Jamba Juice
5
Which company began by specializing in coffee products & now has a digital network & wifi music
Starbucks
Dunk in' Donuts
Cafe Mod
Latte Lounge
6
What are the two types of Specialization?
Macroeconomic
Ecology
Microeconomic
Mac and Chees e
7
What are some complications of labor specialization?
Employee disasticfaction
Currency differences
Fluctuations of market values
Too many people
8
Specialization leads to:_________
Market Competition
Private Property
Voluntary Exchange
Price System
9
What are positive effects of labor specialization?
Time efficiency
Hands on learning
Better focus and retention of skills
Improvement of techniques
10
Who specializes in tire production?
B
A
C
D
