The owner would spend $23.36 on soda water in a year.
Answer: A. a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.
Explanation:
Deterring entry simply means the action that are used by firms in order to.pteevwnt other firms of competitors from entering the market or not being able to compete.
Therefore, the ability to deter entry requires a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.
Answer:
The need for the formal management theories were important as seen by the Industrial revolution, in the construction of the Egyptian pyramids and many more.
Explanation:
Management theories are concepts that surrounds the management theories that includes tools such as guidelines and framework which are implemented in the modern day organizations.
We can see the early examples of the management practices that are used in the construction of arsenal of the Venice and also when Egyptian pyramids were constructed. One more example is the industrial revolutions where it was more economical to manufacture the produce or manufacture at the factories than at home. Here managers needed formal management theories to control and guide them.
Today the managers used the concepts of the scientific management at times where they analyze the normal work tasks that needs to be performed, to use the time as well as motion study to eliminate the wasted motions and to hire the best qualified worker for the job.
The theories are best selected to structure their organizations for the resources to be used efficiently and effectively.
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.
An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.
Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.
Learn more about allocation base here
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