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2 years ago

Which is a barrier to entry? close substitutes diseconomies of scale government licensing price-taking behavior

1 answer:

6 0

Government Licensing is a barrier to entry. The obstacles or hindrances that make it difficult for new companies to enter a given market are referred to as barriers to entry.

Licenses and permits are government-issued entry barriers. These are typically issued by the government in order to maintain quality while also reducing competition. As a result, it will be difficult for new businesses or individuals to enter.

Barriers to entry generally operate on the asymmetry principle, which states that different firms have different strategies, assets, capabilities, access, and so on. When barriers become dysfunctional, incumbents can keep out virtually all competitors, resulting in a monopoly or oligopoly.

To know more about monopoly/oligopoly here-

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Question 7 of 10

joja [24]

Answer:

B. the set of plans for product, price, place, and promotion that the marketer will use

4 0

2 years ago

Abey Kuruvilla, of Parkside Plumbing, uses 1,220 of a certain spare part that costs $26 for each order, with an annual holdi

lina2011 [118]

Answer:

Total cost = Total ordering cost + Total holding cost

Total cost = DCo/Q + QH/2

Where D = Annual demand, Co = Ordering cost per order and H = holding cost per item per annum.

For 25 Order Size

Total cost = 1,220 x $26/25 + 25 x $25/2

Total cost = $1,268.80 + $312.50 = $1,581.30

For 40 Order Size

Total cost = 1,220 x $26/40 + 40 x $25/2

Total cost = $793 + $500 = $1,293.00

For 50 Order Size

Total cost = 1,220 x $26/50 + 50 x $25/2

Total cost = $634.40 + $625 = $1,259.40

For 60 Order Size

Total cost = 1,220 x $26/60 + 60 x $25/2

Total cost = $528.67 + $750 = $1,278.67

For 100 Order Size

Total cost = 1,220 x $26/100 + 100 x $25/2

Total cost = $317.20 + $1,250 = $1,567.20

b. The economic order quantity is 50 units because it reduces the total cost to $1,259.40

Explanation:

In this case, we need to determine the total costs based on different order sizes. Thus, economic order quantity is the order size that minimises the total cost.

4 0

3 years ago

A company produces 3 products that use labor and raw material. The labor usage, raw material usage, and profit per pound produce

Gekata [30.6K]

Answer:

sea 100% la materia prima disponible

si consume el 40% lo que le queda es 60%

60% < > 40% + 57

20% < > 57

si el 20% es 57 el 100% es 57 x 5 = 285kg

Explanation:

8 0

3 years ago

The managers of Rug Emporium, a large rug store, decide to have a sale. The store manager works with the advertising department

BartSMP [9]

Answer:

This scenario best describes a Sales Promotion

Explanation:

Sales promotion is a strategy that involves reducing the price of products to clear out inventories, attract traffic, and to lift sales temporarily.

It could also be used as a medium to introduce a new product,

Same applies when a large rug store, decide to have a sale.

To achieve the aim of sales promotion, the store manager works with the advertising department to make the public aware of the sale.

A proactive manager also makes provision for enough salespeople to handle the increased customer traffic, and ensure that the manufacturers of the product is able to meet expected consumer demand.

6 0

3 years ago

So its customers would not be lured by its competitors, wendy's decided to offer a 99-cent value menu to compete with the value

Alexandra [31]

This is an example of COMPETITION element of the immediate environment.
In marketing, there are three elements of consumers' immediate environment, these are: company, competition and corporate partners. These three elements works together and directly determine the performance of a company in a particular place. In the scenario given in the question, Wendy decided to offer the 99 cent value menu purposely to attract more consumers than its competitors.

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3 years ago