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Citrus2011 [14]
4 years ago
9

Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ

cers restricted diamond sales to maximize profits. De Beers and its association was "the only game in town" and had what isA) a cartel.B) a duopoly.C) monopolistic competitor.D) perfect competitor.
Business
1 answer:
Kruka [31]4 years ago
4 0

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

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If Sharon's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions sup
CaHeK987 [17]

Answer:

Supply Curve. Supply Schedule

Explanation:

A supply curve is a graph showing the relationship between price and quantity supplied. It slopes upward indicating a positive/direct relationship between price and quantity supplied. In this case, the higher the price of televisions, the more units of televisions will be supplied in the market. The supply curve is plotted from a supply schedule. This would be the suitable alternative if Sharon's boss was interested in a graphical presentation to analyse the quantity supplied of television in the market per given time period and price.

A supply schedule shows the relationship between price and quantity supplied using a given set of numbers/data. This would be the suitable option if Sharon's boss was more interested in a visual represenation of the quantity of television sold at given prices and particular time periods.

6 0
4 years ago
Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op
Mars2501 [29]

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

4 0
3 years ago
Suppose over the last year that the price of recycled aluminum increased from $800 a ton to $900 a ton. over the same time a mea
ad-work [718]
<span>3.846153846% First we calculate the ratio of the current price of aluminum to the previous year 900 / 800 = 1.125 We then adjust it for the overall price increase 1.125 * 120 / 130 = 1.03846153846 subtract 1 and multiply by 100 to get a percentage 0.03846153846 3.846153846</span>
5 0
4 years ago
Choose the option that best matches the description given.
jekas [21]
The answer is A welfare rules
5 0
3 years ago
Read 2 more answers
Which of the following do the growth or decline of a company's revenues measure?
lina2011 [118]
The rate of inflation
3 0
3 years ago
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