Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
Answer:
4,167 units
Explanation:
The computation of the minimum number of units that should be painted is as follows;
Let us assume the number of units in 3 years be x
So the labor cost without the machine is 1.4x
And, the Labor cost with the machine is 0.2x + $15000
Now the equation is
1.4x = 0.2 x + $15,000
x = $12500
Now
For Each year, it is
= $12,500 ÷ 3
= 4,167 units
Answer:
raises
rises
rises
increase
higher
decrease
rise
away from bread and toward cereal
rises
Explanation:
Complementary goods are goods that are consumed together
If the price of chowder falls, the quantity demanded of chowder increases in law with the law of demand.
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
If the quantity demanded of chowder increases, the demand for oyster increases also.
Due to the increase in the demand for oysters, suppliers would want to increase their supply of oysters. This would lead to an increased demand for inputs of which wheat flour is one of them. So, the quantity demanded of wheat would increase.
The increase in demand for flour would shift the demand curve for flour to the right and this would lead to a rise in price of flour.
The increase in price of flour would increase the cost of making bread. As a result, the supply of bread would fall. the fall in supply would lead to a rise in price of bread. As a result of the rise in price of bread, the demand for a substitute (cereal) would increase
Substitute goods are goods that can be used in place of another good.
Answer:
$12,180.9
Explanation:
Data provided in the question:
2011 2010
Total expenses before taxes $10,452.40 $9,759.10
Operating income $1,728.50 $1,419.40
Net earnings $1,248.00 $948.30
Now,
Revenue = Operating income + Total expenses before taxes
Therefore,
The amount of revenues Starbucks should report for the year ending October 2, 2011
= $10,452.40 + $1,728.50
= $12,180.9
Answer:
d. None of the above
Explanation:
When we organized our firms along the functional lines, we will separate our workers into different groups or divisions based on their specific set of skill. After that , each groups/divisions are only required to handle one specific part of operation and let the other groups/divisions handle the other part.
When this happen, workers will develop a strong functional expertise in their specific task but they can;t really communicate and share information with other groups.
When they're conditioned to do the same task over and over again, the workers will become much more efficient in doing that task as the time progress. This mean that the scale of their productivity will increase (exploitation of economies of scale.)