Answer:
IT personnel
Explanation:
Analytics softwares are ussally used for processing, analyzing and modelling big data (e.g. imagine a data table with billion rows and columns) to create insightful reports and dashboards for decision making purposes. So, IT professionals would mostly likely utilize this type of software to complete their data-related tasks.
The scenario that explains when producer surplus is important in the quest for competitive advantage is the economic value creation framework.
<h3>What is economic value creation framework?</h3>
The economic value creation framework is a strategy about the creation of economic value.
Under the economic framework, producer surplus is important in the quest for competitive advantage because this is the profit that a firm captures when producing and selling a good or service.
Learn more about surplus on:
brainly.com/question/380921
Answer:
<u>Question 1. </u>
Significant barriers to entry.
<u>Question 2.</u>
A formal collusive arrangement among firms.
<u>Explanation:</u>
Question 1.
It is only when there are restrictions to entering a market that a monopolistic firm will continue to earn economic profit in the long run. That is, <em>if it continues to be the only firm (without competitors) offering products or services.</em>
Question 2.
Remember, a cartel is a <em>unanimous agreement</em> (or formal collusive arrangement) by a group of firms to regulate supply and prices of products in it's industry.
Answer:
False
Explanation:
The sales budget is a budget that indicates the amount of goods or services that the company expects to sell in a specific period of time. In order to make the sales budget, you have estimate the amount of units you plan to sell and multiply this for the selling price per unit to get the total sells. According to this, the statement that says that to develop the sales budget, companies must estimate both unit sales and the production cost per unit is false because to develop the sales budget, companies must estimate unit sales and selling price per unit.