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To Increase the Effectiveness of Communication Between the Small Business

question 119

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To increase the effectiveness of communication between the small business owner and his/her employees,he/she should practice:


Definitions:

Japanese Yen

The official currency of Japan, used as a medium of exchange in the country.

Comparative Advantage

The ability of an individual or group to produce a good or service at a lower opportunity cost than other producers.

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.

Specialize And Trade

The economic practice where individuals or entities focus on a limited scope of production to increase efficiency and then exchange their outputs for varied goods or services.

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