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crimeas [40]
2 years ago
14

Explain the term strategic dependence. what kind of markets would we expect to find it in? How will it affect the behavior of fi

rms in these markets?
Business
1 answer:
Aleksandr [31]2 years ago
5 0

The Strategic Dependence (SD) model offers a purposeful representation of a process in terms of a network of actor-to-actor dependency interactions.

<h3>What is strategic dependence?</h3>

A circumstance in which one or more other businesses in the industry may strategically counteract the actions of one firm with regard to price, quality, advertising, and related developments.

Only when an industry has a small number of significant enterprises can there be such dependence. The firms are the players in an oligopoly, and their rewards are their earnings.

Each player is required to select a strategy, which is a blueprint outlining how they would behave or move in certain circumstances.

By considering how much these basic interests are impacted, strategic dependencies can be found. Only on a case-by-case basis, taking into account both qualitative and quantitative factors, ecosystem-specific details, and professional experience, is this possible.

The price reduction may have strategic advantages, such as increasing market share or preventing entry, but there is a risk that competitors will simply do the same. Although there may be little to no increase, this can result in declining sales and profitability.

Check out the link below to learn more about strategic dependence;

brainly.com/question/15560974

#SPJ4

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A study reported that a 10% increase in the price of cigarettes would reduce consumption by 4% in the short-run and by 7.5% in t
Alja [10]

Answer:

Price elasticity of demand shows how much a 1% change in the price of a good or services changes the quantity demanded.

In the short run, a 10% increase in price decreases quantity demanded by 4%

PED short run = % change in price / % change in quantity = 4% / 10% = 0.4

PED long run = % change in price / % change in quantity = 7.5% / 10% = 0.75

Both PEDs are inelastic since they are less than 1, which means that an increase in price will result in a proportionally smaller decrease in the quantity demanded. But the PED in the long run is less inelastic, which means that an increase in price will decrease the quantity demanded more in the long than in the short run.

This happens because smokes consider that cigarettes are a basic necessity, so they are willing to purchase them even if the price increases. But as time passes (long run), more smokers will consider that it is not worth paying that much for cigarettes and will probably quit smoking or at least reduce the number of cigarettes they smoke per day.

8 0
3 years ago
Calculate Social Security taxes, Medicare taxes, and FIT for Jordon Barrett. He earns a monthly salary of $11,300. He is single
FromTheMoon [43]

Answer:

1) social security taxes = (accumulated earnings - social security maximum) x 6.2% = ($139,370 - $128,070) x 6.2% = <u>$700.60</u>

2) medicare taxes = monthly earnings x 1.45% = $11,300 x 1.45% = <u>$163.85</u>

3) in order to calculate federal income taxes, I used the 2019 tables and allowance:

2019 allowance = $350 per person

monthly paycheck between $7,333 - $13,710

must withhold $1,198.46 plus 24% in excess of $7,333

federal income taxes under percentage method = $11,300 - $350 (1 monthly allowance 2019) = $10,950

$1,198.46 + [($10,950 - $7,333) x 24%] = $1,198.46 + $868.08 = <u>$2,066.54</u>

For 2020, there are no more personal allowances.

8 0
3 years ago
The East Asian financial crisis of the 1990s: Showed how trade partners are unreliable Made countries stop investing in China si
FromTheMoon [43]

Answer:

The East Asian Financial Crisis of the 1990s:

Was associated with moral hazard and fixed exchange rates.

Explanation:

The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand.  The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries.  The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997.  And the consequences and lessons now remain Economics and History topics.

7 0
3 years ago
Sturdy Construction has been a successful, small, home-building firm for years. The owner pays subcontractors slightly more than
bazaltina [42]

In this case, the Sturdy Construction is engaging in an effective supply chain management.

<h3>What is supply chain management?</h3>

The management of Supply chain means the process of handling the flow of goods & services, right from the raw manufacturing process to the final production which facilitate its consumption by the consumer.

In conclusion, the the Sturdy Construction is engaging in an <u>effective supply chain management</u>.

Read more about supply chain

<em>brainly.com/question/25160870</em>

5 0
2 years ago
A public good Multiple Choice is available to all and cannot be denied to anyone. can be profitably produced by private firms. i
lara31 [8.8K]

Answer:

is available to all and cannot be denied to anyone.

Explanation:

Public goods are both nonexcludable and nonrivalrous. This means that everyone is entitled to use them and when someone is using them it doesn't mean others can't use them at the same time. Of course there is always a limit to the capacity of their use, like roads can only be used by certain amount of cars.

For this particular characteristic of public goods is that private firms don't offer them. Private firms' main concern is making the largest possible profit and public goods usually aren't profitable. That is why the government has to provide public goods since no one else will.

8 0
3 years ago
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