To strengthen your ideas and opinions with examples, facts, or details is to add supportive details.
It is important when analyzing data and drawing conclusions to have facts and details to support your reasoning. Especially if you are making large decisions for an organization, everyone needs to be able to understand why a decision was made. Having tangible information is the best way to support your ideas.
Answer:- They require companies to use focus strategies to meet specialized customer needs.
Explanation:- A fragmented industry is an industry in which many organizations compete and there is no domination of the industry by any single or small group of companies. However, it is true that they require companies to use focus strategies to meet specialized customer needs.
Answer:
Part a
110,000 units
Part b
128,500 units
Explanation:
Break even sales is the level at which a firm makes neither a profit nor a loss.
Break-even (sales) = Fixed Costs ÷ Contribution per unit
where,
Fixed Costs = $14,300,000
Contribution per unit = Sales - Variable Costs
= $380 - $250
= $130
therefore,
Break-even (sales) = $14,300,000 ÷ $130 = 110,000 units
Units to reach Target Profit = (Target Profit + Fixed Costs) ÷ Contribution per unit
= ($2,405,000 + $14,300,000) ÷ $130
= $16,705,000 ÷ $130
= 128,500 units
Answer:
are achieved when a firm reduces its average cost of production as it produces more.
Explanation:
Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.
It is large firms that enjoy economies of scale.
Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.
I hope my answer helps you.
