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eimsori [14]
2 years ago
6

The automobile industry in​ Rhizo, a small developing​ country, has a monopolistic market structure. Crimson​ Inc., the only pla

yer in this​ industry, has been specializing in the production of hatchback cars for almost five years and earns huge profits by selling them at high prices. The​ company's sales revenue has increased on average by 11 percent annually since it began its operation.​ However, in an attempt to promote​ competition, the government of Rhizo has recently announced tax concessions for new firms willing to enter this industry. The sales team at Crimson forecasts that even if new firms enter the​ market, its sales will still increase by 8.5 percent next year.​ Crimson's CEO, Maria​Dan, therefore feels that the firm need not worry too much about the competition from new players. Roger​ Woods, an industry​analyst, meanwhile claims that Crimson must introduce some variety in its product line to maintain overall profit margins.
Which of the​ following, if​ true, will strengthen​ Roger's view?

A. Crimson has recently appointed Graham​ Jones, a famous soccer​player, as its brand ambassador.
B. Other industries that the government opened up in the past did not attract much foreign direct investment.
C. Crimson enjoys cost advantages over rival firms.
D. An increase in the average family size in recent years has created a demand for bigger cars.
E. Crimson sells 60 percent of its products in the international market.
Business
1 answer:
IceJOKER [234]2 years ago
6 0

Answer:

Option D is the correct answer to this question.

Explanation:

An increase in the average family size in recent years has created a demand for bigger cars. Since Roger Woods proposed that Crimson must introduce some variety in its product line to maintain overall profit margins, option D is the only option that suggests a need for adding a new variety to its product line (Bigger Cars), since there is a demand for it already arising from the increase in the average family size.

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Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

5 0
3 years ago
Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait
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Answer:

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6 0
3 years ago
You have been asked to help King Company make the necessary journal entry to record the purchase of office furniture for a $170
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Answer:

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

3 0
3 years ago
When the balance of an equity account, like Capital Stock, increases, it means that the account has been: Multiple Choice Deposi
Soloha48 [4]

Answer:

Credited

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Equity Account <em>increase</em> on the credit side and <em>decrease </em>on the debit side.

So, when the account increased, we say it has been credited. This means further stock has been issued to new or existing owners.

8 0
3 years ago
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What could mean above is that the events that is happening to Patricia's life is an opportunity. It is an opportunity for it enables a person to do the things he or she wants with the circumstances that has been given to him or her. It could be described in the scenario above as a global company approach her into selling her products to their shop in which it could make her reach the goal that she has always wanted.
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2 years ago
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