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3 years ago

The most significant difference between perfect competition and monopolistic competition is that

1 answer:

7 0

Perfect competition, a market structure, where there are many sellers selling similar goods to the buyers. But monopolistic competition, is a market structure, where there are numerous sellers, selling close substitute goods to the buyers. Also the price in perfect competition, is determined by demand and supply forces, for the whole industry, comparing with monopolisti competition that every firm offer products to customers at its own price.

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Marcus is a manager of an automobile parts factory. he oversees the process of transforming the raw materials into automobile pa

Vinil7 [7]

Marcus is an operations manager, meaning he works to design and control production and operations involved in making and delivering a product.

4 0

3 years ago

How can being a team player contribute to the salesperson’s success? To the success of the salesperson’s business?

Sauron [17]

Having people you can work well with create a good work environment which helps more salespersons become more successful

4 0

4 years ago

Mighty Safe Fire Alarm is currently buying 60,000 motherboards from MotherBoard, Inc., at a price of $65 per board. Mighty Safe

9966 [12]

Answer:

It is cheaper to make the units in-house.

Explanation:

Giving the following information:

Buy:

Purchase price= $65

Make:

Direct materials= $28 per unit

Direct labor= $8 per unit

Variable factory overhead= $17 per unit.

Fixed costs for the plant would increase by $76,000.

We need to calculate the total cost for each option. The best option is the one with lower total costs:

Buy:

Total cost= 60,000*65= $3,900,000

Make:

Total cost= 60,000*(28 + 8 + 17) + 76,000

Total cost= 3,180,000 + 76,000

Total cost= $3,256,000

It is cheaper to make the units in-house.

4 0

3 years ago

Preventive stress management has three parts: primary, secondary, and tertiary. What part would you be acting on if you gave one

Nikitich [7]

When a manager gives one of his employees, a permission to set his or her own goals and develop a schedule to accomplish the goals, the manager is said to act secondary preventive stress management.

<h3>What is preventive stress management?</h3>

Preventive stress management is regarded as a function of management wherein an organization prepares strategies before the happening of an event that are in contingency, is known as preventive stress management.

In the given example, the manager is acting as a part of primary stress management, as he has given his employees the authority to establish goals and work on them as per their own will.

Hence, the significance of preventive stress management is aforementioned.

Learn more about preventive stress management here:

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7 0

2 years ago

Which of the following statements is true about expropriation?

Tpy6a [65]

Answer:

Firms at the greatest risk of expropriation are in extractive, agricultural, or infrastructural industries such as utilities and transportation.

Explanation:

Governments are more interested in this kind of business, as often, in developing countries, extractive and agricultural create genuine richness, usually more than others as retail or manufacturing, for example. On the other hand, regarding utilities and transportation, expropriation is made as a consequent of populism measures and not for wealth creation.

8 0

4 years ago