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Brrunno [24]
3 years ago
11

Https://one feature of pure monopoly is that the firm is

Business
1 answer:
Alecsey [184]3 years ago
8 0
One feature of pure monopoly is that the firm is a price maker. This type of monopoly exists when one certain company is only the source for a certain product and there are no any present substitutes in the market. For this case, the business firm is equal to the industry. Due to this, they would have the freedom of setting their own prices since they have the freedom to control their supply.. This type of monopoly is very rare since to do this, the company should be able to block and prevent all possible competitors from entering. Examples of these would be utility companies that are present in certain small towns where they are the only source of the utilities.<span />
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Gary has just purchased a beer distributorship. He wants to increase the visibility of his firm in local markets, but he knows t
just olya [345]

<u>Answer:</u>

The first thing Gary should do is to "identify issues that need to be addressed".

<u>Explanation:</u>

Establishing business in the field of Alcoholic beverages, smoking materials, nicotine content products etc, is looked after from two dimensions by market: one who need it and the other who oppose it. The regulation of such business ideas in market or society is only acceptable when issues or barriers are rectified legally to overcome situation.

Such products should be promoted only after getting license from specified authorities, following the rule of packaging, labeling products according to rules and regulation which carry all mandatory information like composition, merits and demerits of using, warnings: regarding allergy, price, manufacturing and expiry dates etc.

8 0
3 years ago
Environmental factors that can directly affect your business​
marysya [2.9K]

Answer:

Examples of environmental factors affecting business include:

Climate.

Climate change.

Weather.

Pollution.

Availability of non-renewable goods.

Explanation:

Hope it helps

4 0
3 years ago
For this assignment, think of three items you personally have that involve a security. If you do not actually have any security
Mrrafil [7]

Answer:

Consider the following explanation

Explanation:

List the three items you chose.

My Car

My Land

My Air Conditioning Machine

For each of the three items, explain if and when attachment occurred.

My Car: I bought my car in 2015 from one of the local dealers. The Creditors can also use my car that currently as collateral. The car registration book has my name inscribed on it hence I own the vehicle. In the event of a need for credit, the creditors would lend me money worth the car. An attachment would occur when I sign the creditor’s contract with the bank in the condition of the car as the security.

My Land: Apparently I was deemed the legal owner of the land because I possessed an authenticated original title deed pertaining to the land with my name written on it. I signed the security agreement or the credit contract and as such the bank gained interest in the collateral hence attachment.

My AC: For the AC, a similar procedure has to happen in a secured credit transaction. Given that, I have all the receipts about the AC, I can use it as collateral. The creditors can lend an equivalent value to the AC. To seal the security agreement, I would sign the credit contract hence an attachment.

For each of the three items, explain if and when perfection occurred.

According to Distenfield & Distenfield (2005), the perfection of a security interest is the act of ascertaining one’s interest in a collateral hence preventing other parties from creating an attachment to the same collateral. Such parties would include other creditors and bankruptcy trustee among others. For the land, the creditor would perfect its interest by possessing the title deed pertaining to the land. Alternatively, the creditor would perfect its interest in the land collateral by filing a financial statement with the necessary public office. Just like the land, the creditor can possess the car's registration book hence perfection. Lastly, the creditor possesses the AC collateral hence perfecting in the collateral.

Explain the priority each of the creditors would have if you defaulted on your promise to pay

In an event of my failure to pay the already secured credit transaction, the creditor would obtain the collateral in lieu of the payment. The priorities of the creditors should only pick the items listed as securities and only those he or she has a security interest. For example, the creditor cannot take personal property or the home as collateral if it was not part of credit contractual agreement.

8 0
3 years ago
Sylvia Taylor stresses that a _______, which is a written statement of all the things a worker actually does and how he or she d
yKpoI14uk [10]

Answer:

Job description

Explanation:

A job description is defined as a written document that enumerates the duties that is expected from someone occupying a particular position.

Job description gives an employee a guide on how to effectively meet up with performance requirements in a position, since all key performance activities are enumerated.

Skills needed to succeed on the job can also be communicated in the job description.

In this scenario where Sylvia is referring to a statement of all the things a worker actually does and how he or she does them, is essential in helping workers understand what their job entails and how they can have the most impact on their performance. She is describing a job description.

3 0
3 years ago
Marginal cost is equal to the options:
Nadusha1986 [10]

Answer:

B) change in average total costs divided by the change in output.

Explanation:

Marginal cost is the extra cost incurred for the production of an additional unit of output after breakeven.  At the breakeven point, fixed costs have been absorbed. Any additional production will incur variable costs . Marginal costs will, therefore, comprise direct labor, direct material, and a small proportion of fixed costs, such as administration and selling costs.

The calculate marginal cost, divide the total change in costs by the change in the product output. i.e.

Marginal costs = change in cost / change in output.

Marginal cost is compared with marginal revenue when deciding whether to increase production or not.

7 0
3 years ago
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