Answer:
0.9
Explanation:
The formula to compute the four-firm concentration ratio is shown below:
= (Total firm sales of industry A) ÷ (Total firm sales of industry B)
where,
Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million
= $9 million
And, the total firm sales of industry B would be
= $2.5 million × 4 firms
= $10 million
So, the ratio would be
= $9 million ÷ $10 million
= 0.9
Answer:
D, a pareto diagram
Explanation:
The pareto diagram was named after the discoverer of the diagram/technique, Vilfredo Pareto. He used the diagram in his study of wealth and poverty in Europe in the 1900s.
The pareto diagram is a bar chart that ranks related events in decreasing other of occurrence. It contains both a bar and line graph. The individual events are recorded by the bar while the total event is recorded by the line graphs.
In the above question, for Clarissa to identify defects, she has to use Pareto diagram which will have the defects represented by the bar and the total production process by the line graph. This helps her to find out the stage in production where the defects started from and how much effect it has onn the production process.
Cheers.
Answer:
D. joint equity ownership
Explanation:
The aspect that is an essential feature of a joint venture would be joint equity ownership. That is because in a joint venture all parties combine all of their resources and share in both the liability and profits of the company. Joint Equity Ownership is the main part of this as it explains how these companies joint their assets in order to make as much profit as possible from their business venture.
