Answer:
Key ideas:
- A single entity controls the flow of the product.
- Possesses the power to limit prices.
- Will have some influence in politics.
- Difficult for new companies to enter the market.
Explanation:
Monopoly refers to the state when there is only one company controlling the flow of products, therefore controlling the prices of it. There are a lot of examples of monopoly in the contemporary era such as AB Inbev, but it doesn't mean that it is totally a modern concept. Monopoly existed even in history take for example the case of Carnegie steel mills or the issue of railroads.
When one company possess such power that it can control the price, it can badly damages the interest of other investors and consumers. But the reason they create a monopoly is that they have heavy influence in politics. That is how they turn up the decisions to their own benefits. And monopolies always try to create hurdles for new investors to get in the market. Because they are charging whatever they want due to no competition, as soon as new competition arrive it will challenge the monopoly which it can't take.
Answer:
Check: 5,269.04
Explanation:
We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days
7 computer x 970 dollars each = 6,790
20% Discount for quantity:
6,790 x 20% (1,358)
Invoice nominal: 5,432
discount within the first 10 days:
5,432 x 3% (162.96)
final amount: 5,269.04
Answer:
C) Providing an honest assessment of the job
Explanation:
In the given scenario the online recruitment process begins with a detailed job description of the sales representative position.
A job description is a statement of the requirements of a job role and also indicates key success steps on the job
Briana states that - A sales representative is required to distribute, sell, and promote Briana products.He or she should be the primary link with retail customers and consumers, execute company promotions, meet inventory needs, and monitor the competition within their region.A representativespends most of the worktime communicating with the customer to create a win-win solution.
This provides the applicants with a honest assessment of the job so they will know what to expect should they be successful
Exchange
<span>Exchange is simply the act of the of giving and receiving between two individuals or two groups. A trade is a typical example of an exchange.
For instance, if a farmer gives a fixed number of eggs to another farmer for a
fixed quantity of cow’s milk, this is an exchange. Similarly, if a house guest offers to cook and
clean in return for free accommodation, this is an exchange. </span>
Answer:
Option (A) is correct.
Explanation:
Contribution Margin:
= Total sales of the product - variable expenses
= $400,000 - $270,000
= $130,000
Avoidable fixed cost = Total fixed cost - Unavoidable fixed cost
= $160,000 - $ 70,000
= $90,000
Net Margin :
= Contribution Margin - Avoidable fixed expense
= $130,000 - $90,000
= $40,000
Hence, if product A is dropped, the company's overall net operating income would decrease by $40,000 per year.
