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3 years ago

5

My Work Ramon works for a large company that is considering starting a new business unit to sell personalized coffee mugs. He ha

s been tasked with the preliminary research for the industry analysis. His analysis should begin with:

1 answer:

aleksandrvk [35]3 years ago

8 0

Defining the new company's industry and strategic group

Explanation:

Benefits of Strategic Group Analysis:

Identify direct competitors and the basis of competition.

Movement of other organizations from one strategic group to another
Identify opportunities
Identify problems

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2 years ago

You draw and keep a single bill from a hat that contains $1, $10, $20, and $50 bill. what is the expected value of the game?

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2 years ago

In microeconomics, what term refers to the measurement of responsiveness of the quantity demanded or the quantity supplied to a

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3 years ago

In order to sell more goods and/or services, what must a monopoly do?

Readme [11.4K]

<span>In order to sell more goods and/or services, what must a monopoly do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors.

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3 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

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4 years ago