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faltersainse [42]
2 years ago
9

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 18,300 uni

ts of output each month. However, it has an absolute maximum output capability of 22,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 12,770 units in October, what is the capacity utilization rate in October for this factory
Business
1 answer:
PtichkaEL [24]2 years ago
8 0

Answer: 14.9%

Explanation:

18300/12770x100%

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If a firm in a purely competitive market can differentiate its product or service, it becomes part of a(n) ________ market.
k0ka [10]

If a firm in a purely competitive market can differentiate its product or service, it becomes part of a monopolistic competition market.

Monopolistic competition is a type of imperfect competition in which many manufacturers compete with each other, but sell different products, so they are not perfect substitutes.

These sellers can calculate their prices based on the uniqueness of the products they are offering, so you cannot compete on price. Also, this company that

has full control or is trying to have full control of something, especially has areas of business that no one else is involved with. She didn't think the fines would be a sufficient deterrent to monopoly practices by large manufacturers. The company has been accused of monopolistic conduct.

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5 0
1 year ago
Zara Inc., a well-known cosmetics manufacturer, introduced its anti-wrinkle cream in the Asian market after its sales in the Eur
notsponge [240]

Answer:

It is an attempt to extend product life cycle by finding new users.

Explanation:

Zara Inc., a well-known cosmetics manufacturer, introduced its anti-wrinkle cream in the Asian market after its sales in the European market leveled out due to stiff competition from rival products.

The company had to change its selling place because the competition in the European market was too much.

So the company was out looking for new users by introducing its products in the Asian market.

Hence the correct answer is it is an attempt to extend product life cycle by finding new users.

6 0
2 years ago
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
Daniel [21]

Answer:

<em>Frictional unemployment created by sectoral shifts </em>

Explanation:

Frictional unemployment <em>happens throughout a phase when employees are looking for new jobs or are transferring from old jobs to newer ones.</em>

It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.

A new global trade agreement leads to higher demand for export-sector workers and lower demand for workers in import-competing sectors. Workers need time to change sectors, and sectoral shifts lead to frictional unemployment

4 0
3 years ago
If a business person wants to get information about a special product to a wide variety people across a large geographic range,
Westkost [7]

Answer: Internet.

Explanation:

The internet is the fastest way a business can advertise it's products to a global audience. The internet is a wireless interconnection of computers across the Earth, where communication is made easier and information is shared.

4 0
3 years ago
Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition ______________
makvit [3.9K]

Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms

<h3>Do barriers to entry exist in a pure monopoly?</h3>

Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.

The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.

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4 0
1 year ago
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