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igor_vitrenko [27]
3 years ago
5

How is oligopoly different from monopolistic competition?

Business
1 answer:
erica [24]3 years ago
5 0

Answer:

Oligopoly market involves few large sized firms with some restrictions on entry.

Monopolistic market has large number of small firms with relatively easier entry and exit.

Explanation:

Oligopoly is a market structure where there are only a small number of firms in a market. These firms are dominant and control major market shares. The entry into the market is slightly difficult due to several barriers. The firms in this market may produce homogeneous or heterogeneous products.

However, in a monopolistic market there are large number of firms which are small in size. These firms produce differentiated products which are close substitutes. The entry and exit in this market is relatively easier.

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Reward systems (Connect, Perform)
tino4ka555 [31]

Answer:

a. reward system

b. Surface value

c. Perquisites

d. Compensation packages

Explanation:

Reward system encompasses the whole compensation packages for workers.

Base pay is the main determinant for other compensations.

Symbolic value refers to the representational value of a reward as opposed to the worth.

Compensation packages for various entities vary depending on the organization.

Indirect compensation is not directly linked to a job.

Perquisites refer to the benefits from employment.

Flexible reward system is not a fixed system, but one that flexes with other factors.

Participative pay system encourages workers' contribution in determining pay.

Surface value is the worth of a compensation to the recipient.

Incentive system refers to the employment structure that motivates employees to act in the best interest of the organization.

4 0
3 years ago
Read 2 more answers
A product's purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value gives the _______
CaHeK987 [17]
<span>I believe the answer for you question would be life-cycle</span>
4 0
4 years ago
A company struggling to finish the required accounting work for Its year -end. The employees are unwilling to stay late to compl
ValentinkaMS [17]

Answer: The hourly bonus is the incentive

Explanation:

5 0
4 years ago
Which one of the following is the best definition of a project?This task contains the radio buttons and checkboxes for options.
Firdavs [7]

Answer: Option A

Explanation: In simple words, a project can be defined as an undertaking which might involve research and is carefully planned and executed to achieve a particular aim.

To achieve the goals from the project, the management has to use all its functions like planning and controlling etc. This is not necessary that the project will benefit the customers only or the organisation itself. A project can benefit either of them.

Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
The first step in the flow of accounting data is the preparation of source documents.
Vladimir79 [104]

The preparation of source papers is the initial stage in the flow of accounting data. True is the response.

A process known as the accounting cycle was developed to make it easier for business owners to keep track of the financial aspects of their operations.

The first four steps in the accounting cycle include identifying and evaluating transactions, documenting transactions in a journal, publishing journal data to a ledger, and creating an unadjusted trial balance.

For additional information on accounting data, visit brainly.com/question/28305450

#SPJ4

8 0
2 years ago
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