Ask Question
BusinessBusiness
7 November, 06:17

What is meant by allocative efficiency? allocative efficiency is when every good or service?

+5
Answers (1)
  1. 7 November, 06:40
    0
    Allocative efficiency is the state of the economy in which production suits consumer needs and preferences. Every good or service produced holds value. Even the last unit is able to serve the customer and satisfy them, but the product must also maintain an equal balance between cost effectiveness and user satisfaction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is meant by allocative efficiency? allocative efficiency is when every good or service? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What's the meaning of marginal investor?
Answers (1)
Bolander Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.
Answers (1)
Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises and sells wool. Sweeter Sweaters Inc. makes and sells wool sweaters. Sheepnip Co. Better-bald Inc. Sweeter Sweaters Inc.
Answers (1)
Key question addressed by strategic management is "Why do some firms outperform other firms?" In other words, it examines how actions and events involving top executives, firms and industries influence a firm's success or failure?
Answers (1)
Consumers are willing to pay more for a product if they perceive the brand as better there are many comparable products it is a complementary product their friends have had a negative experience with it i chose a but it could be c too i dont know
Answers (1)
New Questions in Business
Non-trade receivables should be reported separately from trade receivables. Why is this statement either true or false? A) It is true because trade receivables are current assets and non-trade receivables are long term.
Answers (1)
In general, a visionary organization asks what three types of questions to specify its foundation, set a direction, and formulate strategies? why, when, where what, by whom, how why, what, how how, when, where who, why, when
Answers (1)
The United States wanted overseas territories because the territories had A) access to ports. B) customers who would buy U. S. products. C) connections with European nations. D) access to raw materials.
Answers (1)
On January 1, Puckett Company paid $1.71 million for 57,000 shares of Harrison's voting common stock, which represents a 40 percent investment. No allocation to goodwill or other specific account was made.
Answers (1)
I'm always cramming to hand in an assignment or take an exam.
Answers (2)
Home » Business » What is meant by allocative efficiency? allocative efficiency is when every good or service?
Sign Up Forgot Password?