Answer:
monopolist
Explanation:
Monopolistic competition is a kind of imperfect competition in which specific person or enterprise is the only supplier of a particular commodity.
A monopolist is not very much concerned about the product as customers have no alternatives but to buy that product.
Also, he can change the price or quantity of the product as in an industry he is a single seller .
In the given question, it's given that There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth.
So, it would have caused Comcast to become an overly large <u>monopolist</u> with too much power if it buys Time Warner.
Answer:
cash collections from credit sales that the company will include in its cash budget for the second month is $55,500
Explanation:
Second Month Cash Collections will include the following Cash flows:
(1) 60% of the 2nd month`s sales
(2) 35 % of the 1st month`s sales
<u>Therefore cash collections from credit sales :</u>
(1) 60% of the 2nd month`s sales ( $68,000×60%) = $40,800
(2) 35 % of the 1st month`s sales ( $42,000× 35 %) = $14,700
Total cash collections = $55,500
The answer is: will not make a lot of money
In business, risk and profit would always go on the same direction. Meaning that A decision that had low risk tend to had lower amount of profit while a decision that had high risk tend to had higher amount of profit as a reward.
Strategy to minimize a risk tend to be done by people or organizations that do not have large reserve of capital and their mind goal is so the business can survive rather than taking as much profit as possible.
Answer:
The correct answer is a. Developing a strategic vision, setting objectives, and crafting a strategy
.
Explanation:
Management has the responsibility of charting the strategic course, establishing a series of objectives that allow it to choose a strategy that allows achieving everything planned. Likewise, the board of directors is responsible for defining and executing such strategies.
The management process has the following stages:
1. Define strategic vision.
2. Set Goals.
3. Develop the strategy.
4. Apply and implement the strategy.
5. Evaluate performance and implement controls.
