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DIA [1.3K]
3 years ago
12

When Galaxy Ventures, a real estate company, entered the low-cost housing business, the market was already saturated with other

players. Thus, the company was forced to exit the market due to lack of customer loyalty and substantial dividends, Galaxy Ventures was facing Multiple Choice O first-mover disadvantages. 0 comparative disadvantages O last-in first-out disadvantages. O absolute disadvantages. O late-mover disadvantages
Business
1 answer:
GenaCL600 [577]3 years ago
3 0

Answer:

The answer is Late-mover disadvantages

Explanation:

A late mover is a company that enters a business some time after the business pioneers and early followers.

From the question above, Galaxy Ventures is a late mover in the low-cost housing business. They were at a huge disadvantage, and this includes:

  • First of all, lack of customer loyalty and substantial dividends (from the question).
  • The pioneers and early followers can set the business standards which may be difficult for a late mover to follow.
  • The pioneer can easily create entry barriers that a late-mover might find difficult to break.

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Answer:

a

Explanation:

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2 years ago
Read 2 more answers
The campground will make the most economic profit whenit has property rights to a clean lake . True or False: The fish cannery w
babymother [125]

Answer:

hi your question is incomplete here is the complete question

Consider a lake found in the town of Center Barnstead,

The town has a campground whose visitors use the lake for recreation. The town also has a fish cannery that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the fish cannery's waste decreases the campground's economic profit.

Suppose that the fish cannery could use a different production method that involves recycling water. This would reduce the pollution in the lake to levels safe for recreation, and the campground would no longer be affected. If the fish cannery uses the recycling method, then the fish cannery's economic profit is $1,500 per week, and the campground's economic profit is $1,800 per week. If the fish cannery does not use the recycling method, then the fish cannery's economic profit is $2,000 per week, and the campground's economic profit is $1,000 per week. These figures are summarized in the following table.

Action

Profit

Fish Cannery

Campground

Total

(Dollars)

(Dollars)

(Dollars)

No Recycling 2,000 1,000  

Recycling 1,500 1,800  

Total economic profit is highest when the recycling production method is   .

When the fish cannery uses the recycling method, the campground earns $1,800−$1,000=$800$1,800−$1,000=$800 more per week than it does with no recycling. Therefore, the campground should be willing to pay up to $800 per week for the fish cannery to recycle water. However, the recycling method decreases the fish cannery's economic profit by $2,000−$1,500=$500$2,000−$1,500=$500 per week. Therefore, the fish cannery should be willing to use the recycling method if it is compensated with at least $500 per week.

Suppose the campground has the property rights to the lake. That is, the campground has the right to a clean (unpolluted) lake. In this case, assuming the two firms can bargain at no cost, the fish cannery will   the recycling method and will pay the campground   per week.

Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery will   the recycling method, and the campground will pay the fish cannery   per week.

ANSWER

  • True
  • True

Explanation:

The campground will make the most economic profit when it has property rights to a clean lake : True. this is true because the Fish cannery will be using the recycling method and from the table it is seen that when the recycling method is used The Campground make the most economic profit

The fish cannery will use the recycling method regardless of who has the property right : TRUE . this is because the Fish cannery will use the recycling method anyways because the recycling method would not pollute the water hence not interfering with the campground activities in case they own the property rights.

6 0
3 years ago
In reviewing research on power, you discover that there are three other common sources of power in organizations. Which of the f
Rudiy27
It is information power
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3 years ago
Bradley conducts research to validate his hypothesis that increased job satisfaction leads to greater organizational commitment
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The method of study used by Bradley is META ANALYSIS. Metal analysis can be defined as the quantitative, formal research study design to systematically examine the results of previous studies in related fields in order to form a conclusion about a specific research topic.
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3 years ago
Equilibrium levels of income and interest rates are ______ related in the goods and services market, and equilibrium levels of i
dsp73

Answer:

The correct answer is option D.

Explanation:

The income and interest rates are inversely or negatively related in the goods market.

An increase in interest rate would lead to increase in the cost of borrowing.As a result the capital investment will fall. This would further contribute in a decline in the production. This ultimately causes income level  to decline.

In the money market though equilibrium levels of income and interest rate are positively related.

The equilibrium in the money market is determined by the intersection of demand for money curve and supply of money curve.

The demand for money depends on transactionary and precautionary motives. When there is an increase in income, the transactionary demand for money will increase as people will spend more. The increase in demand would cause the interest rate to rise.

In this way, income and interest rate arepositively related in the money market.

7 0
3 years ago
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