Answer:
Lack of competition
Explanation:
A centrally planned economy lack competitiveness. The government decides what to produce, the price, and the distribution channel. Because of these restrictions, there is no motivation for profits. Without competition, a centrally planned economy will have the following features.
- There be a lot of inefficiency and wastefulness.
- Consumers will not have a variety of goods and services to choose from in the markets.
- Businesses will make low profits.
Answer:
true
Explanation:
Compensation can be direct or indirect
Some of the components of compensation includes :
- Base pay
- commissions
- stock options
- Bonuses
- health insurance
Direct compensation are usually offered to individuals
Base pay is usually offered to the individual based on certain parameters .
Same with commissions
But there are some compensations that are offered to groups. For example if members of a department achieve a certain benchmark, they can be rewarded with stock options
Also, indirect compensations such as health insurance and pension are usually compensation offered at the organisational level or group level
Answer: Both to select low prices.
Explanation:
One of the vital goal of doing business is profit irrespective of the firm. Every business has to deal with funds and when funds is involved profit has to be made even while serving the client in satisfying conditions. The profit enables the firm to be ran smoothly; it's operations and have a reason to be said that their in business. Every firm ooks out for opportunities to make rofit while giving their best. According to the paragraph profits are high when the price of the commodity is reduced, each firm will reduce it's pricing to ensure they make profit.
Answer:
Industrial Analysis.
Explanation:
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.
Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.
<span>Answer:
Corporation don't want to take discount then pay bill in within 30 days. Nominal annual cost of trade credit Formula for Trade Credit = (365/Days Credit -Discounting Period ) * (Discount % / 1 - Discount %) Step 1 Here Cost of Credit = (365/30- 10) * (1/100-1) Step 2 = (18.25 * 0.01 )% Final Answer = 18.25% 12.17% is the cost of not taking discount to Rubash Corporation. Annual cost of costly trade credit: Here 10 Days discount period occurs 36.5 times per year. Effective Annual Credit cost = [1 + (Credit..</span>
