In the short run, the individual competitive firm's supply curve is that segment of the: "marginal cost curve lying above the average variable cost curve."
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What is the short run supply curve?</h3>
The short run supply curve of a business is the section of its marginal cost curve that is higher than its average variable cost curve.
According to the law of supply, when the market price rises, the company will supply more of its product.
A perfectly competitive business maximizes profit by generating the amount of production that equals the product's price and marginal cost.
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Answer:
Explanation:
Private Sector enterprises have a goal of making profit and it employs more workers who work long hours. They are run by organisations and are free from Government control. They are usually funded by individual investments.
Public Sector Enterprises are fully owned and controlled by the Government. they are controlled by the government and funded by the government. They enjoy monopoly in operation.
Answer: One that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities
Explanation:
The generic types of competitive strategy is typically the "best" strategy for a company to employ is one that is customized to fit the macro-environment, industry and competitive conditions, and the company's own resources and competitive capabilities.
This is because the company has to consider it's resources, the market and other necessary factors before making a decision on that.
Answer:
Franchisor
Explanation:
The franchisor is the owner of the brand, while the franchisee is the one that uses its brand through a franchise contract
2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040
