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a_sh-v [17]
3 years ago
9

Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity

in resources, but are nonetheless direct and mutually acknowledged competitors. true or false
Business
1 answer:
enyata [817]3 years ago
6 0

Two firms, such as a small local, family-owned Italian restaurant and Olive Garden, share few markets and have little similarity in resources, but are nonetheless direct and mutually acknowledged competitors - False

<h3><u>Explanation:</u></h3>

A state of rivalry that exists between any  company that sells identical or similar products and services refers to the competitors. There are two types of competitors such as direct and indirect competitors. Direct competitors are the firms that sells same kind of goods and services. They also focus on the same market segment and also customers.

Indirect competitors refers to those companies that sells similar goods and services but, they will not be having similar end goals. The given statement is false since the firms given are sharing only few of the markets and also have less similarity in the resources. Hence they cannot be competitors either directly or indirectly.

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In one year, you meet 52 people who are each unemployed for one week and eight people who are each unemployed for the whole year
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Long term unemployment is defined as being unemployed for 27 weeks or more. In this example there are a total of 60 people, 52 people who would be categorized as short term unemployment and 8 people who would be categorized as long term unemployment.

In order to calculate the percentage of unemployment in each category you will need to divide the number in each category by the total number.

Short term = 52/60 = 86.7%

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Alja [10]

Answer:

47.5\%

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Given: The company's market share had changed from 40 to 21 percentage points.

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Can you contest a divorce on the very last day?
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