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TiliK225 [7]
3 years ago
13

Which of the following statements is​ true? A. Companies are​ price-setters for a product when there is intense competition. B.

Companies are​ price-takers when they have little or no control over the prices of their products or services. C. Companies are​ price-takers when their products are unique. D. Companies are​ price-takers for a product when the pricing approach emphasizes​ cost-plus pricing.
Business
1 answer:
ValentinkaMS [17]3 years ago
7 0

Answer: B - Companies are​ price-takers when they have little or no control over the prices of their products or services.

Explanation:

Price takers are firms that do not have control or do not set the prices for their goods or services. They take the price set by the market.

Price takers operate in perfectly competitive markets. Price takers have close substitutes for their goods and services.

Price makers are firms that have the ability to influence the price of their goods or services.

They are usually monopoly firms with no close substitutes for their goods or services.

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Supermarkets often offer a great deal on milk, beef or eggs to get customers into their stores, knowing many customers will then
Mama L [17]

 

Question: Supermarkets often offer a great deal on milk, beef, or eggs to get customers into their stores, knowing many customers will then purchase other items that have higher markups for the store. These supermarkets are using a _______________ pricing tactic.

The answer of the question: The supermarkets are using a leader pricing tactic. 

3 0
3 years ago
Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term
liq [111]

Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

3 0
3 years ago
Examples of productivity in economics.
DiKsa [7]

Answer:

The value of output obtained with one unit of input is referred to as economic productivity. For example, if a worker produces two units at a cost of ten dollars each in an hour, his productivity is twenty dollars. :))))

3 0
3 years ago
According to McKinsey & Co, the root cause of companies’ inability to align their IT and their business goals is the lack of
vichka [17]

Answer:

True

Explanation:

Many times management does not know a lot about information technology (IT) and that is not something necessarily bad because none can know all about everything. The problem is when someone doesn't know about something else but he/she is not willing to learn about that issue or is not willing to ask other people who know to teach them.

Many CEOs and board members are very successful and powerful people, and they do not like to admit the fact that they might need help to deal with some issues. IT is constantly changing and even if they knew about it 10 or 20 years ago, that knowledge is no good anymore.

The largest advances in IT have occurred in communications, our world is smaller every day. But communication by itself is only a tool, and a tool is only as good as the person that handles it. In order for a company to work properly, good communication must exist between all their units.

5 0
4 years ago
The traits, skills, experience, knowledge, and other features necessary for job success are called
Levart [38]
Job qualifications

qualify means that you are at a high enough level

example
'have you met the job qualificatins' is the same as 'have you got to a high enough level with the right equipment so you can fight this boss?"

job qualifications

5 0
3 years ago
Read 2 more answers
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