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4 years ago

What industries do you regard as being highly competitive? can you identify any barriers to entry in those industries?

1 answer:

4 0

Five Industries as being highly competitive and their barriers to entry.Farming and farm supplies — the barriers are the cost of land and machinery or in the case of chemical applications, licensing.
Consumer electronics – the barriers are brand loyalty or control of essential factors of production. Dry cleaners – Barriers are the availability of suitable locations (near residential areas and properly zoned) and the availability of equipment, in addition to high start-up costs.
Internet Service Providers – the barriers of the internet service providers are the knowledge of running a server, cost of a dedicated trunk line for access to the telephone network and the cost of purchasing a computer server.
Taxi service – the barriers include the need for taxi medallions, which must be acquired through an expensive legal proceeding or purchased from existing companies.

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(Section 5.5)

Elden [556K]

Answer:

$373.10

Explanation:

The principle amount is $350... PV

Interest rates 6.5 % ...r

Duration one year...n

The formula for calculating compound interest

FV = PV x ( 1 + r ) n

Since 6.5 % is compounded twice year: r becomes 6.5/ 2 and n will n x2

FV = 350(1+0.065 )2

=$350 x 1.06605625

=$350 x 1.066

=$373.10

7 0

3 years ago

Which career pathway describes the two main aspects of the Business, Management, and Administration career

LenKa [72]

Answer:

Secretarial and Administration

Explanation:

Business, Management, and Administration can be defined as a strategic process which typically involves controlling, directing and organizing the personnel and resources of a business in order to achieve the goals and objectives of the business firm. Thus, it provides students with the requisite knowledge and skills for the effective and efficient management of the operations of a business based on factors such as finance, administrative functions, records, and secretarial.

Hence, the career pathway which describes the two main aspects of the Business, Management, and Administration career cluster are Secretarial and Administration. These two aspects deals with office management, records and book keeping, typing of documents, etc.

6 0

3 years ago

Read 2 more answers

Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The

aliya0001 [1]

Answer:

Bach Instruments Inc.

a. Single plantwide factory overhead rate:

= Total overhead/total labor hours = $126,480/3,720 = $34 per hour

b. Total Factory Overhead Cost

Labor Per Unit Cost Product units Total Costs

Hours (Labor hours x $34) per product

Flutes 0.4 $13.60 2,100 $28,560

Clarinets 1.5 51.00 800 40,800

Oboes 1.2 40.80 1,200 57,120

Total $126,480

Explanation:

a) Data & Calculations:

Budgeted factory overhead = $126,480

Budgeted Direct labor Total

Production Volume hours per unit Hours

Flutes 2,100 units 0.4 840

Clarinets 800 1.5 1,200

Oboes 1,400 1.2 1,680

Total hours 3,720

c) Plantwide overhead allocation per unit = $126,480/3,720 = $34

d) The plantwide overhead rate is the dividend from total overhead costs and total labor hours. This rate is applied to the products based on the number of hours used to product a unit to obtain the per unit cost rate for each product. The resulting rate is further applied to the units produced in each product type to get the total cost of overhead for each product.

7 0

4 years ago

A company engineer has an idea that by implementing an IoE solution the company will save time in getting a product to market. T

frozen [14]

Answer:

Software system modeling is a technique to deal with the complexity inherent in these systems. The use of models helps the software engineer to "visualize" the system to be built. In addition, models of a higher level of abstraction can be used for communication with the customer. Finally, the modeling tools and those of Automated Software Engineering. They can help verify the correctness of the model.

3 0

4 years ago

Knowledge, skills, automation and techniques are _____________.

Leno4ka [110]

Knowledge, skills, automation and techniques are<u> "Resources in ORM".</u>

The term operational risk management (ORM) is characterized as a persistent cyclic process which incorporates chance appraisal, chance basic leadership, and usage of hazard controls, which results in acknowledgment, relief, or evasion of hazard. ORM is the oversight of operational hazard, including the danger of misfortune coming about because of deficient or fizzled inner procedures and frameworks; human components; or outside occasions.

5 0

3 years ago