The benefits of adopting ABC/ABM are higher for companies in competitive markets because <u>accurate product cost info is essential and ABM can pinpoint opportunities for cost saving.</u>
A competitive marketplace is a structure in which no single purchaser or manufacturer has the electricity to influence the market. Its response to delivery and demand fluctuates with the supply curve, an illustration of a product's quantity.
The 4 popular styles of market systems encompass the best competition, oligopoly market, monopoly marketplace, and monopolistic competition.
In economics, in particular trendy equilibrium theory, a really competitive marketplace, additionally known as an atomistic marketplace, is defined by way of numerous idealizing situations, together known as perfect opposition, or atomistic opposition.
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Answer:
starting out in a hole that represents economic losses if the firm produces nothing.
Explanation:
Cost-volume-profit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Thus, they are the costs which are not directly related to the level of production or not affected by the quantity of output in an organization. Some examples of fixed costs in business are loan payments, employee salary, depreciation, marketing costs, rent, insurance, lease, utilities, administrative cost, research and development costs, etc.
Furthermore, fixed costs may be relevant in a decision because it affects the amount of future cash-flow of a business entity.
Hence, the fixed costs for a firm are analogous to starting out in a hole that represents economic losses if the firm produces nothing. This simply means that, the firm is only using it money to fund the all of the necessary items or utilities required for the operation of its business but do not produce any goods or services. Simply stated, the firm is not generating any revenue as its produces nothing.
Answer:
B) This is consistent with predictions from gravity models.
Explanation:
Gravity model suggests that the volume of trade that occurs between countries close to one another exceeds those with other countries that are are away.
Distance between nations is seen to have a negative effect on the volume traded between two nations. So the further a nation the less trade that will be done with it.
In the given scenario where two neighbors of the United States do a lot more trade with the United States than European economies of equal size, it is consistent with the gravity model.
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