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sladkih [1.3K]
3 years ago
15

When Toyota experienced declining sales as a result of quality and safety issues, it began offering buyer incentives to new-car

buyers. Nearly immediately, Ford and General Motors began similar promotions. These businesses
represent an oligopoly in which there are few sellers, and each seller has considerable control over price (T/F)
Business
1 answer:
maksim [4K]3 years ago
4 0

Answer:

true

Explanation:

Based on the information provided within the question it can be said that the statement being made is completely true. Like mentioned in the statement, in an oligopoly the few BIG sellers in a market have complete control over the price. In this scenario Toyota, Ford and GM are the big sellers and when one adjusts their prices the other tend to adjust their prices accordingly in order to not lose their customers to the competition.

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If the price of labor or some other variable resource decreases, the:
Elodia [21]
MC curve would shift downward

I hope that helped
4 0
3 years ago
A house sold for $39,379. The buyer paid 20% down. Monthly interest on the loan was $229.69. What was the annual interest rate o
djverab [1.8K]

Answer:

8.75%

Explanation:

The annual interest rate will be computed as follows:

Loan amount = Proportion of loan X Price of house

Loan amount = 80% X $39,379 = $31,503.2

Annual interest = $229.69 X 12 = $2,756.28

Annual interest rate                     = ($2,756.28/ $31,503.2) X 100%

                                                      = 8.75%

4 0
3 years ago
Grover Company has the following data for the production and sale of 1,900 units. Sales price per unit $ 950 per unit Fixed cost
Ad libitum [116K]

Answer:

$415

Explanation:

The computation of the total manufacturing cost per unit is shown below:-

Total manufacturing cost per unit = Direct material + Direct labor + Manufacturing overhead + Fixed manufacturing overhead

= $240 + $100 + $80 + ($370,500 ÷ 1,900)

= $40 + $100 + $80 + $195

= $415

SO, we have applied the above formula.

7 0
3 years ago
Fisher Inc. wants to bring radical change to the current skills that exist in the organization, so they are going to employ ____
dalvyx [7]

Fisher Inc. wants to bring about a radical change to the current skills that exist in the organization, so they will employ internal growth strategies.

<h3 /><h3>Change management</h3>

It is an approach that should be used when an organization decides to implement significant changes that will impact administrative routines and the work of employees.

The purpose of change management is to prepare and support employees to adapt to changes that will occur in the work environment, generating greater transparency, compliance and reducing resistance.

Therefore, it is essential that when defining internal growth strategies that generate changes, the organization analyzes, monitors and evaluates the changes so that the new processes occur successfully and generate benefits for the company.

Find out more information about growth strategies here:

brainly.com/question/15115779

4 0
2 years ago
A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses.B) A significa
Zanzabum

Answer:

D) Project importance is enhanced by setting authority equal to that of functional departments.

Explanation:

A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.

Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.

Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.

During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.

Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.

8 0
2 years ago
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