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2 years ago

First movers are? a. firms that take an initial competitive action. b. firms that are first to exit a declining indus

Business

1 answer:

hjlf2 years ago

8 0

First movers are firms that take an initial competitive action.

A service or product that enters the market first and captures a competitive advantage is known as a first mover. Being the first usually allows a business to build a strong brand awareness and client loyalty before rivals enter the market. Other benefits include having more time to perfect its offering and determining the new item's selling price.

Industry's first movers are virtually always followed by rivals looking to capture market share and capitalize on their success. The market share held by the first mover is frequently maintained because it has built a strong enough client base and a large enough market share.

Learn more about first mover here

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Scranton, Inc. reports net income of $260,000 for the year ended December 31. It also reports $100,700 depreciation expense and

Arlecino [84]

Answer:

$399,950

Explanation:

The computation of cash provided (used) in operating activities using the indirect method is shown below:-

Cash flow from operating activities

Net income reported $260,000

Add: depreciation expenses $100,700

Less: gain on sale of equipment -$6,500

Add: decrease in accounts receivables $41,500

Add: increase in accounts payable $18,750

Less: decrease in wages payable -$14,500

Cash flow from operating activities $399,950

We simply added the cash inflows and deduct the cash outflows to reach out the operating activities

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4 years ago

Describe carefully the main difference between the Keynesian approach and the real business cycle theory in terms of explaining

yulyashka [42]

Answer: For the real business cycle, technical fluctuation that triggers changes in outputs and employment, while for the Keynesian, income and output depend largely on the volume of employment.

Explanation:

The real business cycle theory assumes that when the market undergoes variation in it's ability to turn inputs into product, there is a technical fluctuation that triggers changes in outputs and employment

While the Keynesian, it's sees business cycles as periodic fluctuations of employment, income and their output. This income and output depend largely on the volume of employment.

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3 years ago

Amous architect who said "there is no architecture without construction"

elixir [45]

Answer: Aris Konstantinidis

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3 years ago

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Delvig [45]

Watch online you watch tv for free youtube,hulu,netflix

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4 years ago

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Suppose we observe that as the price of lettuce increases from $1 to $2 per head, consumers buy only half the number of heads of

alex41 [277]

Answer:

C. A decrease in the quantity demanded

Explanation:

Price Elasiticity

The law of demand and supply would usually hold that an increase in prices will result in a decrease in demand. Furthermore, an increase in demand generates a corresponding increasing in supply as well.

<u>When the demand of a product is sensitive to the changes in price, then we say that price of the product is elastic</u> but if the product demand not strongly influenced by price then we say that the pricing is inelastic.

In the case of the lettuce, we can say that the price is elastic, because there is a sensitive reaction between an increase in price from $1 to $2 which immediately leads to a halfing of the quantity demanded. The price is elastic such that an increase in price leads to a decrease in quantity demanded.

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3 years ago