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3 years ago

A market situation where a small number of sellers compose the entire industry is called

Business

1 answer:

Nadusha1986 [10]3 years ago

4 0

Answer:

The correct answer is: oligopoly.

Explanation:

A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.

Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.

There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.

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What amount of cash would result at the end of one year, if $15,000 is invested today and the rate of return is 8%

Leona [35]

Answer:

Amount of cash at the end of one year is $16,200

Explanation:

Amount invested = $15,000

Rate of return = 8%

Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200

6 0

3 years ago

The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organizat

IRISSAK [1]

Answer: B. The industry which they operate

Explanation:Different companies carry out the functions of purchasing, procurement and supply differently and these depend on how they operate. For example supply chain in a manufacturing company, it will produce items that will be stored in warehouses and other locations, making the supply chain more complex, on the other hand if it's a Service Provider company which uses a make-to-order business model, there will be no need for storing finished products, Therefore, it is clear that supply chains including procurement , purchasing and supply depend on the nature of the company.

8 0

3 years ago

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year 1 and incre

Inessa05 [86]

Answer:

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

Explanation:

In order to calculate the equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually we would have to calculate the following formula:

equivalent uniform annual worth of the maintenance costs= P(i(1+i)∧n/(1+i)∧n-1

The rate of interest i would be as follows:

rate of interest i=(1+10%/2)-1

rate of interest i=0.1025*100

rate of interest i=10.25%

The present value P would be calculated as follows:

present value P=$125,000(1-(1+1/100)∧5 (1+10.25/100)∧-5/(10.25/100-1/100)

present value P=$125,000*3.84

present value P=$480,000

Therefore,

equivalent uniform annual worth of the maintenance costs=$480,000*(10.25/100 (1+10.25/100)∧5/(1+10.25/100)∧5-1)

equivalent uniform annual worth of the maintenance costs=$480,000*0.2654

equivalent uniform annual worth of the maintenance costs=$127,432

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

5 0

3 years ago

In dangerous professions like law enforcement and construction women are

Art [367]

It would be C because women are thought to be physically weaker and not as useful as men. Women can be useful but in certain professions its a lot harder for them. Also men tend to be more willing to work when they get injured or such.

6 0

3 years ago

Distinguish between small and large office.<br>

KonstantinChe [14]

Answer:

A small office is usually found in a small organisation because the volume of clerical activities is small. An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.

4 0

2 years ago