Answer:
A. Review the budget to identify other areas where costs can be cut.
Explanation:
In the case when the vendor increased the material cost that planned and the increased cost would also be placed in your project i.e. over budgeted so the first thing you should do is review the budget by identifying the areas where the cost cutting to be done
Therefore as per the given situation, the option A is correct
And, the rest of the options are incorrect
Answer:
price fixing agreement
Explanation: Price fixing is an agreement (written, verbal) among competitors to sell a product, service, or commodity only at a fixed price. These competitors who agree to this agreement are responsible for raising, lowering, or stabilizing prices according to their competitive terms. Generally, consumers make choices to what products and services to buy, and they expect that the price should be determined freely on the basis of supply and demand, not by an agreement among competitors. in this type of case, prices tend to be higher which is a major concern for the consumers.
Hi, I provided some suggestions about how you go about writing your letter.
<u>Explanation:</u>
Note that in this scenario, the letter is going to be addressed in a formal way since the letter is been addressed to someone holding an official office/position.
It is important for the sender to note these details as he constructs the letter to the Addressee (the person receiving the letter).
- Clearly include the address of the writer (in this case your own address)
- Date
- Mention the Designation of the Addressee (in the case, The editor of the english newspaper).
Should also include:
-
Address of the Receiver
- Salutation or Greeting
- Subject
- The body of the letter (which should detail the main intent or content of the letter).
- Conclusion, finally include
- Complimentary Close with the Name and Signature of the Sender.
Answer:
d. Charities
Explanation:
From the question, we are informed about the Supposed chicken farm which uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution. In this case, the types of private solutions to the externality of pollution that has occurred is charity. Private solutions to externalities can varies from charities, business mergers as well as moral codes, all working at self interest of the relevant parties. according to Coase theorem, at low transaction cost two parties can reach efficient outcome after bargaining when externality are present. Charity can be regarded as generosity as well as helpfulness towards those that are less privilege or that are needy and cannot raise their voice.
Answer:
d. cost-less will go out of business, and durable will gain higher power over its customers.
Explanation:
Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.
Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.
