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ioda
3 years ago
15

When most cars sold in the United States were produced by the Big Three auto companies, General Motors would announce its prices

for the new model year first and then the other companies would match it. This practice was an example of:
Business
1 answer:
photoshop1234 [79]3 years ago
5 0

Answer: Price leadership    

Explanation: In simple words, under price leadership strategy the dominant firm in the industry sets the prices for their products in the first place and then after that the other competing firms sets their prices following that dominating firm.

In the given case, the general motors is practicing price leadership as they are setting the prices in the market initially which is then matched by other firms.

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3 years ago
Read 2 more answers
SoldByAir provides drone services to the real estate industry, both residential and commercial. The purchasing manager is gettin
ladessa [460]

Answer:

The indifference point is 22,381 hours a year.

Explanation:

Giving the following information:

SecureAll:

Fixed costs= $900,000

In house:

Fixed costs= (100,000*4) + 30,000= $430,000

Variable costs= $21 an hour

First, we need to structure the cost formula for each option:

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Now, to calculate the indifference point, we need to equal both formulas and isolate X:

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