Answer:
There will zero economic profits in the long run.
Explanation:
Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.
The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.
In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.
Answer:
e. strategic alliance
Explanation:
Strategic alliance -
It refers to a type of mutual agreement between two companies to get mutually benefited by a common project , is referred to as strategic alliance .
It is different from that of a joint venture , where the two individuals merge their resources to start a new project .
But in case of a strategic alliance the agreement between the two parties is not very complex.
The agreement can be short term as well as long term .
The agreement is signed in order to expand into the new markets .
Hence , from the given information of the question ,
The correct option is e. strategic alliance .
The commercial ranchers of Argentina mostly raise livestock in which they could export them to other countries in contrasts to the ranchers from the North America. In addition, it has been one of the primary industries of Argentina and one of its well-known goods from these ranches is the corned beef.
Answer:
The answer is Deliveries for which no purchase order was issued.
Explanation:
A receiving department compares inventory items received with copies of purchase orders. The purchase orders list the name of the vendor and do not list the quantities of the material ordered. Using the purchase orders, the receiving department is most likely to detect____Deliveries for which no purchase order was issued._____
Answer:
(d) task environment
Explanation:
Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:
- Suppliers : They supply raw materials which are essential for production.
- Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
- Competitors: They affect the pricing of goods. Their strategies directly affect the business.
- Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.
Thus, the suppliers, the labor market, and the customers make up the <u>task environment</u> of Werkley Inc.
