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Helga [31]
4 years ago
12

One difference between monopolistic competition and pure competition is that:

Business
1 answer:
Soloha48 [4]4 years ago
3 0
One difference between monopolistic competition and pure competition is that: <span>There is some control over price in monopolistic competition

In monopolistic competition, a specific resource is fully owned by a single entity without any competitors.
Since there is no other entity that could offer the product to the customer, the company could put a really high price and the customers that need the products have no choice but to follow</span>
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Explain about pricing objectives
faltersainse [42]

Answer:

Some examples of pricing objectives include maximising profits, increasing sales volume, matching competitors' prices, deterring competitors – or just pure survival. Each pricing objective requires a different price-setting strategy in order to successfully achieve your business goals

5 0
3 years ago
Read 2 more answers
How do effective leaders benefit a business?:​
Amiraneli [1.4K]
A leader cheers up the gang and makes people wanna strive hard and en-suite to be like them. It also creates loyalty which is good for business. Leaders also give clarity.
6 0
3 years ago
Merger Co. has 10 employees, each of whom earns $2,250 per month and has been employed since January 1. FICA Social Security tax
Elis [28]

Answer:

March 31

Dr. Payroll Tax Expense: 3071.25

Cr. FICA- Social security taxes payable:

1395

Cr. FICA- Medicare taxes payable:

326.25

Cr. SUTA-State unemployment taxes payable:

1215

Cr. FUTA- Federal unemployment taxes payable: 135

Explanation:

March 31

Dr. Payroll Tax Expense: 3071.25

Cr. FICA- Social security taxes payable:

(6.2%×$2,250) 1395

Cr. FICA- Medicare taxes payable:

(1.45%×$2,250) 326.25

Cr. SUTA-State unemployment taxes payable:

(5.4$×$2,250) 1215

Cr. FUTA- Federal unemployment taxes payable: (0.6%×$2,250) 135

3 0
3 years ago
Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead
o-na [289]

Answer:

Please find the complete question in the attached file.

Explanation:

Rocky believed there would be a 30\% possibility of a July bonus for touring, i.e < 50\%, from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as \$2,400 / day trip \times 10 days =\$2,400 throughout this duration.

The expected 15-day revenues from 16th July – 31st July may well be calculated as \$2,400 \times 15 \ days = \$36.000. Rocky calculated that it would get the bonus 80\% of the time. Estimates a \$240/day\ bonus \times (10\ days + 15\ days) = \$6,000

3 0
3 years ago
Logan Company can sell all of its products A and Z that it can produce, but it has limited production capacity. It can produce 8
slava [35]

Answer:

E) 0 units of A and 200,000 units of Z.

Explanation:

In order to estimate the profit maximizing sales mix we first calculate the contribution per product per limiting factor. Limiting factor in this case is the labor hours.

So,

Contribution per hour if A is made = 8 * 12 = $96

Contribution per hour if Z is made = 10 * 10 = $100,

Therefore Z holds priority,

Since there is no sales mix we need to follow we can just make Z for maximizing profits and as such We make 20000 * 10 = 200,000 units of Z and 0 units of A.

Hope that helps.

6 0
4 years ago
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