Answer:
A decrease in the elasticity of demand for the cartel's product.
Explanation:
The cartel is under the control of companies operating in the same area. This is undesirable. It is concluded between businesses and these contracts prevent competition. Such arrangements are also prevented by governments, which aims to promote competition among governments across the country. This type of arrangement creates unity and demonstrates business behavior in activities that prevent other competitors from entering the sector.
Adverse effects on consumers include:
1) Higher prices - cartel members can raise prices, which reduces the demand elasticity of any member.
2) Lack of Transparency - Members may agree to hide prices or hide information such as hidden charges in credit card transactions.
3) Limited production - Members may agree to limit market production, such as OPEC and oil quotas.
4) Build Market - Cartel members can collectively divide a market into regions or regions and not compete in each other's territory.
Answer:
Do a pilot study
Explanation:
In order for the management to be assured that the product works, a pilot study needs to be done. This involves the sampling out of the small number of the useful product. In doing so, they can monitor the sales and see how they do on the market. From the market study, they can then increase the production of the material to the target potential customer. This makes the business to be powerful and realize profits an minimize losses.
A critical trade-off which must be considered when choosing a forecasting technique is that between: C. cost and accuracy.
<h3>What is a
forecasting technique?</h3>
A forecasting technique can be defined as a process through which predictions can be made about the economy, especially based on macroeconomic and microeconomic conditions such as:
In Economics, cost and accuracy is a critical trade-off which must be considered when choosing a forecasting technique.
Read more on forecasting technique here: brainly.com/question/23009258
#SPJ1
Answer:
d. None of the above
Explanation:
When we organized our firms along the functional lines, we will separate our workers into different groups or divisions based on their specific set of skill. After that , each groups/divisions are only required to handle one specific part of operation and let the other groups/divisions handle the other part.
When this happen, workers will develop a strong functional expertise in their specific task but they can;t really communicate and share information with other groups.
When they're conditioned to do the same task over and over again, the workers will become much more efficient in doing that task as the time progress. This mean that the scale of their productivity will increase (exploitation of economies of scale.)
Repairing the bike is the more environmentally friendly option. When you have most of the bike that works perfectly fine, you can use those parts and reduce the waste of completely trashing the bike. You only need three new parts, and the old parts can be easily recycled.