<u>Answer</u>:
An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. There is some other characteristics of this market structure which is as follows:
C: Market control by a few large firms
<u>Explanation</u>:
“Oligopoly” is a market structure in which only some sellers offer similar or identical products. This means only small group of companies are dominating one specific segment of the market. In case any new company tries to enter the same segment, it is difficult for it get established as there are certain barriers created by the existing companies of that segment.
So, option A is incorrect as it says, “either identical or differentiated products” as the characteristic. Option B is also not correct as it says, “Market control by many small firms” and option D says “No Entry” which is also incorrect.
Answer:
b. $301.10
Explanation:
Current Sales = P = $225,000,000
Growth rate = g = 6%
Number of year = 5 years
Using simple growth formula we will find the Sales value after 5 years.
Future Sales = Current Sale ( 1 + growth rate )^Number of years
A = P ( 1 + g )^n
A = 225,000,000 x ( 1 + 0.06 )^5
A = 225,000,000 x 1.33823
A = 301,101,750 = 301.10175 Million
So, the correct option is b. $301.10.
Planning, organizing,leading, and controlling
Dividend means that a company is how much a company pays of its profits to shareholders or investors.
Answer:
Explanation:
Sales budget for may = 540
Sales budget for June = 670
Opening inventory for may = 190
Closing inventory for May = 155
Production in may =( 190+540)-155=575
Opening inventory in June = 155
Closing inventory = 165
Production in June = (155+670)-165=660
May material needs = 3(575+ (20%*660)
=3*707=2121 wheels
2121*24=$50,904
June material needs =3(660+(20%*640)
3*788=2364
2364*24=$56,736
