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Oksana_A [137]
2 years ago
7

When companies join together to try to control prices or eliminate competition so that they exclusively benefit, it is called?

Business
1 answer:
Deffense [45]2 years ago
7 0

When companies join together to try to control prices or eliminate competition so that they exclusively benefit, it is called collusion.

Collusion occurs in oligopoly market, when oligopoly firms make joint decisions, and act as if they were a single firm to control prices or eliminate competition. Collusion requires an agreement between cooperating firms, the agreement can be either explicit or implicit, in order to restrict output and achieve the monopoly price.

So this causes the firms to be interdependent, as the profit levels of each firm depend on the firm’s own decisions and the decisions of all other firms in the industry.

Hence, an example of illegal collusion is a secret agreement between firms to fix prices.

To learn more about collusion here:

brainly.com/question/13974450

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Active endeavors specializes in sporting equipment. recently, it has decided to add to its business units by opening a steakhous
poizon [28]
<span>Active endeavors specializes in sporting equipment. Recently, it has decided to add to its business units by opening a steakhouse near a convention center. This strategy is an example of: conglomerate diversification. 

Conglomerate diversification is a growth strategy when organizations add new products or services that are vastly different from anything they've sold prior. These new business opportunities are unrelated to their previous and operate completely different. 

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5 0
3 years ago
____ is a small category that refers to the goods produced by one business that has yet to be sold to consumers, and are either
lapo4ka [179]

Answer:

The correct answer is: Inventories.

Explanation:

Inventories are real and concrete assets, that is movable and immovable property. These form the commercial flow of a person or a company. These goods are for sale, hence the commercial nature, or for the consumption of goods and / or services. Inventories are made in a certain period of time.

If a company is commercial, its livelihood is always buying and selling, that is, the exchange of goods and services. With the inventory, the company has an exhaustive control of merchandise during the commercial period, and at the end of it it has the “final balance”, that balance is comparable with that of other years and serves to draw conclusions and from there take certain actions depending of the result. When the goods are being counted for a certain economic period, it is necessary that they appear in the “Current Assets” group, this means that it is all merchandise at the cost that is in the hands of a company.

The concept of inventory has to do with accounting, which is a system for controlling and recording profits (income and expenses), as well as economic operations, in this case carried out by a company or association, it reflects the financial movements that they make.

8 0
4 years ago
Suppose you put $800 per month into a Roth IRA, that pays 8% APR (compounded monthly). Assume you have nothing saved today, calc
Olegator [25]

Answer:

Future Value = $1,192,287.56

Explanation:

<em>The future value is the expected total sum that an investment is suppose to accumulate together with interest over a period of time at a particular interest rate.</em>

Where compounding is done done monthly, he future value is determined as follows:

FV = PV ×( (1+r)^n -1 )/ r

FV - Future Value , PV - present value  r- monthly rate of interest ,  n- number of months

FV - ?  

r- 8%/12 = 0.66%

n - 30× 12 =

PV - 800

FV = 800 × ( (1.00666)^(360) - 1 )/ 00666

    = 800 ×  1490.359449

    =  $1,192,287.56

7 0
4 years ago
Read 2 more answers
Cooperative Agreements to USA Nonprofits, Agencies, IHEs, and Schools in Multiple States for Environmental Education Projects fo
Margarita [4]

Cooperative agreements to USA and territories nonprofit companies, for-earnings, Tribes, IHEs, and agencies for projects to cope with violence in colleges.

A cooperative settlement reflects a relationship between the U.S. government and a recipient and is used whilst the government's cause is to assist the intermediary in presenting items or services to the authorized recipient.

The cooperative settlement means a signed contract between the department and some other party, for example, a fitness care issuer. This agreement allows the branch to pay the fitness care company for supplying services to IA CFY software contributors.

Contracts, the law states, are awarded whilst a Federal enterprise is acquiring something – a provider, for instance. both grants and cooperative agreements are presented when a Federal organization is supplying assistance – the latter occurring when tremendous involvement by way of the agency is expected.

Learn more about Cooperative Agreements here: brainly.com/question/16099437

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5 0
2 years ago
Globalization has changed the nature of work. To communicate effectively in a global marketplace, you must understand the basic
Dennis_Churaev [7]

Answer: The correct answer is "d. Power distance".

Explanation: In this case the power distance dimension is described as it deals with the social status relationships between superiors and subordinates.

power distance refers to the relationship between those in power and subordinates in a society where individuals of lower rank, depending on the culture of high or low power distance, react to that authority.

In this particular case, the relationship of power is of low distance since the participation of subordinates is tolerated and even encouraged.

7 0
3 years ago
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