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vazorg [7]
2 years ago
11

A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a.

Business
1 answer:
Trava [24]2 years ago
4 0

Answer:

A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.

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The term ______ describes circumstances where a country's exports exceed it imports.
Misha Larkins [42]

Trade surplus or positive trade balance.

Both of these terms refer to the situation of higher exports than imports.

8 0
3 years ago
Customers who shop at Books-A-Million find that it has a large selection of books, in addition to a helpful and friendly staff.
nika2105 [10]

Answer:

Position Strategy

Explanation:

The position strategy is the strategy in which the business focuses on the important things that will drive value for the organization. This way of developing customers choices and attracting them by added value in services is known as position strategy. The company here has focused on friendly staff and cappuccino offering along with a good selection of books. This means that the company has developed its image which is that scholars come here and that's the uniqueness of the position strategy.

Three things that the company has focused here:

  1. Friendly Staff
  2. Good selection of Books
  3. Cappuccino and other products that increases sales
7 0
3 years ago
Exercise 10-2 Recording bond issuance at par, interest payments, and bond maturity LO P1 Brussels Enterprises issues bonds at pa
Elden [556K]

Answer:

June 30 Bond Interest Expense Dr $81000

Cash Cr $81000

(6%/2*$2,700,000)

December 31 Bond Interest Expense Dr $81000

Cash Cr $81000

Bonds Payable Dr $2,700,000

Cash Cr $2,700,000

Explanation:

Record the entry for the first semiannual interest payment and the second semiannual interest payment.

June 30 Bond Interest Expense Dr $81000

Cash Cr $81000

(6%/2*$2,700,000)

December 31 Bond Interest Expense Dr $81000

Cash Cr $81000

Record the entry for the maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded).

Bonds Payable Dr $2,700,000

Cash Cr $2,700,000

3 0
3 years ago
Customer service, with respect to inventory management, means:
horsena [70]

Answer:

c) whether the product is available when the customer wants it.

Explanation:

Inventory management refers to maintaining adequate levels of products with the goal of keeping the costs low. However, how the inventory is managed has an important effect in customer service because you need to have a good level of inventory that allows you to keep the customer happy by having the products available when they want them.

3 0
3 years ago
Consider the following​ statements, based on a positive economic analysis that assumes that all other things remain constant. Fo
Musya8 [376]

Answer:

The answer is

A. Increasein supply of laptop

B. Increase in hotel taxes

C. Reduction in wages or salary paid

Explanation:

A. To offset the outcome: Increase in supply of laptop will neutralize the increase in price due to high demand. The market forced will automatically drive the price laptop down.

B. To offset the outcome: Increase in hotel taxes will drive the price of hotel lodging up because this increase will be passed to the consumers(traveller) and discourage vacation travel

C. To offset the outcome: Reduction in wages or salary paid will discourage people from working. This satisfies law of supply (At lower price(wages), less will be supplied/produced(the supplied factor of production,labor)

3 0
3 years ago
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