Answer:
Correct option is (C)
Explanation:
Concentration ratio estimates the position or size of a company as compared to the industry in terms of percentage. It states the firm's share in the industry. There are two firm, four firm and eight firm concentration ratios.
In four-firm concentration ratio, the four firms combined together holds 20 percent of industry sales. 80 percent is held by other firms. Higher ratio indicates that there are less competitors in such markets while lower ratio indicates more competition.
Answer:
(d) task environment
Explanation:
Task environment relates to the external environment of a business which directly affects production of goods and services a business has to offer. This affects a business ability to reach it's goals. It comprises of:
- Suppliers : They supply raw materials which are essential for production.
- Customers: They are the ultimate users of goods. Customer wants and preferences determines the kind of product a business shall produce.
- Competitors: They affect the pricing of goods. Their strategies directly affect the business.
- Labor Supply: For any production to take place, man and material are essential. Labor supply in the market again affects pricing of the goods.
Thus, the suppliers, the labor market, and the customers make up the <u>task environment</u> of Werkley Inc.
Answer:
The correct answer is letter "A": is a supply restriction limiting the quantity of a good that can be imported.
Explanation:
A quota for imports applies to set limits on the number of goods that can be imported into a country over time. Countries are using quotas to shield domestic companies. This limits the supply of those goods by imposing a top on foreign goods being imported, which keeps prices high so that domestic companies can still sell their goods at a fair price.
Answer:
C. Cost management
Explanation:
Cost management is a process or method of reducing cost of operation or production expenses of the business so as to provide cheaper goods and/or services to consumers.
It helps a firm forecast future expenditures in other to achieve their budgeting goals.
The phase of the business cycle at which real domestic output is at a minimum during a cycle is called the trough
This is further explained below.
<h3>What is
the business cycle?</h3>
Generally, The term "business cycle" refers to the persistent upswings and downswings in broad indices of economic activity, such as production, employment, income, and sales.
Business cycles may last for a number of years. The expansionary and contractive stages of the business cycle are the phases that alternate with the other.
In conclusion, The trough is the point in the economic cycle that marks the point at which real domestic production has fallen to its lowest point during that particular cycle.
Read more about the business cycle
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complete question
The phase of the business cycle where real domestic output is at a minimum is called:
A. the peak.
B. a recession.
C. the trough.
D. the pits.
