Privatization started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company.
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Explanation:</u></h3>
Privatization refers to the act of transferring the ownership of the properties that are owned by the government to the sectors of private. In this process the publicly traded company will be taken under the control of some private people.
In Great Britain, the modern management process which is also termed as general management was introduced in the NHS, in 1980s. In Great Britain, in the early 1980s, the Prime Minister Margaret Thatcher started selling the assets that are owned by states such as British Telephone Company which comes under Privatisation.
Answer:
Total, competition and entry are restricted
Explanation:
Monopoly is a market where there is a single seller, so the seller have the power to charge high prices from the customers. It arises because one firm meet the entire market at lower average total cost than 2 or more firms.
A legal monopoly or statutory monopoly, firm is protected by the law from the competitors. So, it provides the competition as well as the entry restriction.
Develop new markets to increase sales
Answer:
If the offer is accepted, the income will decrease in $7,500.
Explanation:
Giving the following information:
Harrison Ford Company has been approached by a new customer with an offer to purchase 10,000 units of its model IJ4 for $5 each.
Unitary variable cost:
Direct Materials= $1.75
Direct Labor= $2.50
Variable Overhead= $1.50
1) Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.
Accepting the offer:
Relevant cost= Unitary variable cost
Relevant cost= 1.75 + 2.5 + 1.50= $5.75
Relevant benefits= $5
2) Effect on income= 10,000*5 - 10,000*5.75= -$7,500
If the offer is accepted, the income will decrease in $7,500.
Answer:
n = 43.6673555
it will take 43.67 year to achice a real GDP of 98,000
Explanation:
we solve for time of a future lump-sum:
we use logarithmics properties:
PV 49,000
FV 98,000
rate 1.6%
n = 43.6673555
