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Alina [70]
3 years ago
5

Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least 2 direct compe

titors and 2 indirect competitors. (2-4 sentences.)
Business
1 answer:
Usimov [2.4K]3 years ago
8 0
Starbucks 2 direct competitors could be Dunkin Donuts and costa coffee as they all sell coffee. It's indirect competitors could be subway and pizza hut because they sell different products, but all of these stores are trying to attract customers.
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An industry consists of three firms with sales of $310,000, $725,000, and $405,000.
Butoxors [25]

Answer:

A. 3,789

B. 100%

C.5,000

Explanation:

(a) Total market ($'000) = 310 + 725 + 405 = 1,440

Firm 1 share = 310 / 1,440 x 100 = 21.53%

Firm 2 share = 725 / 1,440 x 100 = 50.35%

Firm 3 share = 405 / 1,440 x 100 = 28.12%

HHI = (21.53)2 + (50.35)2 + (28.12)2 = 3,789

(b) Since there are only 3 firms in market, therefore the four-firms concentration ratio will be 100% b

(c) Total revenue share of the two firms = (310 + 405) / 1440 x 100 = 49.65%

Post-merger HHI = (49.65)2 + (50.35)2 = 5,000

Yes. If the guideline considers any post-merger HHI above 1800 as highly concentrated market, this merger will be probably attempt to block a horizontal merger between two firms with sales.

7 0
3 years ago
What is a certificate of incorporation? A. taxes a stockholder pays B. a license to form a corporation C. a report filed with th
lions [1.4K]

A license to form a corporation issued by the state government.

3 0
3 years ago
Read 2 more answers
The following table presents Generic Motors Company's production budget. GM's inventory policy is to have ending inventory equal
Irina18 [472]

Answer:

a.

________________________________February__March__April

Ending inventory 20% of next Months sale _3400___3600__5,000

Beginning inventory__________________ 2,000__ 3400__ 3600

Budgeted sales _____________________ 13,000__17,000_ 18,000

Budgeted production_________________ 14,400__ 17,200_ 19,400

b.

Firms wants to hold the finished goods inventry in order to deal with the future demand

Explanation:

a.

Use the following formula to calculate the Budgeted production

Budgeted Production = Beginning Inventory - Ending Inventory + Busgeted Sales

Working

________________________________February__March__April

Ending inventory 20% of next Months sale _3400___3600__5,000

Less: Beginning inventory______________2,000__ 3400__ 3600

Add: Budgeted sales _________________ 13,000__17,000_ 18,000

= Budgeted production________________14,400__ 17,200_ 19,400

b.

The finished goods inventory is held to deal with the future market demand. If the firm produce the uniits equals o the current demand then in case of increase in demand or unexpected demand increase the firms will not be able to fulfil the demand and will lose the opportunity.

6 0
3 years ago
Cowboy, Inc., an American corporation that produces cowboy hats contract with a manufacturing plant in France, Beret, Inc. The c
vodomira [7]
<h3>Answer: Neither. They will use International Law. </h3>

Explanation:

When companies from different countries get  into a contract, it is quite desirable that they stipulate which country's laws that they will abide by should the need arise.

However, if this is not done, there is still a method of enforcing. When not specifically listed, contract between companies from different countries falls under a branch of Private International law which is International Contract Law which is synonymous with International Sales law.

This law falls under the jurisdiction of the United Nations Convention on Contracts for the International Sale of Goods (CISG) which came into effect in January 1988.

Both France and the United States of America have ratified the law and so Cowboy Hats is free to take legal action within this framework if they so please.

7 0
3 years ago
Sierra owns a small business and handles many responsibilities, from logistics to marketing. She's seen a lot of success with Go
LUCKY_DIMON [66]

Answer:

Smart display campaign

Explanation:

This is an automated program that is highly effective in locating old and new customers , create a capturing advertisement on its own and also provide the right bids.

In other words , it automates the process of bidding ,targeting and creating advert.

Even though the initial set up can be costly , but it reduces the effort of advertisers to the minimum as the whole process is programmed to self controlling.

As such , it is recommended for Sierra's business.

4 0
3 years ago
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