Explanation:
CEO of a local alternative energy company is engaged in the process of developing a list of questions that will be used to evaluate her company's internal situation. An internal analysis looks at the factors that are within the organization such as the strengths and weaknesses of the organization. Some typical areas that are considered during the internal analysis are the financial resources like the funding and investment opportunities, physical resources like the company's location, facilities and equipment, and the human resources like the employees, and the target audiences. In the options given above, every option tackles the company's internal situation except for "Is our company competitively stronger or weaker than key rivals?" This question is not meant to assess the internal situation of the company as the question is evaluating the competition involved in the business while comparing other companies to Angie's comoanv.
Answer:
summing horizontally the segments of the MC curves lying above the AVC curve for all firms.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Generally, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
The short-run supply curve for a purely competitive industry can be found by summing horizontally the segments of the marginal cost (MC) curves lying above the average variable cost (AVC) curve for all firms.
Segmented pricing is a situation, when seller or a company establishes different prices (two or more), for one the same product.
Price segmentation, to put it simply, is the process of differentiating pricing based on willingness to pay. It is motivated by the reality that customers' price sensitivity might differ greatly from one another, from one product to another, and throughout all the environments in which they use your product.
With price segmentation, you may set different prices for various consumer types according to their willingness and ability to pay. Price segmentation allows you to profit more from consumers who spend the most and less from those who pay the least.
Learn more about Price segmentation here
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Because a heart surgeon has spent a lot of money learning how to be a heart surgeon while a mcdonalds' employee does not require much education to be a mcdonalds' employee.Plus,a heart surgeon has to be responsible if the patient he operates on passes away after the operation that he has done.
Answer:
C. Price War
Explanation:
A price war is a situation that occurs between rival firms where one firm decides to reduce the price of its product in an attemp to gain a upper hand over its rival. The upper hand being targeted could be in form of capturing a greater market share, profitability or simply to push the rival out of the market.
In both situation both by Piwo and the response by Olut, the strategy is Price War. Piwo's new management's strategy to cut prices to gain larger market share and profit is a price war strategy. The response from Olut as well to cut its prices below margina costs to push Piwo out of business is also a Price War Strategy.
A cartel involves an agreement by a group of firms on market share as well as the price of products and every member is obliged to abide by this agreement while Price Leadership is a form of cooperation amongst firms, where a firm (the price leader) sets the price for the market and the rivals decides to follow the price set by the leader.
