<span>Through distinctive use of annual high dollar items, Wheeled Coach
implements ABC analysis. ABC analysis is categorizing into A, B and C category.</span>
<span><span>A category represent some 15% of
the</span> total inventory items, but 70–80% of the
total cost.
</span>
<span><span>B category represent 30% of the
items and 15–25% of the value.
And C category represents 5% of
the annual dollar</span><span> volume, but about 55% of the total items.</span></span>
In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.
Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.
With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.
Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.
The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.
To learn more about monopolists refer to:
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Answer: (D) Fairness and honesty
Explanation:
The fairness and the honesty are the two main business ethics that helps in providing the various types of attributes such as integrity and the honesty with the customers regarding the products and the services.
These are the moral standard that helps in the decision making process by reducing the discrimination, mis-representation and also the coercion.
According to the given question, the business people are not providing any harm to the client, customers and also the competitors, this is the practicing of fairness and the honesty concept.
Therefore, Option (D) is correct answer.
