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3 years ago

Under which of these market classifications does each of the following most accurately fit?

1 answer:

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Pure Competition: A very huge number of firms; uniform products; no rent controls: price takers; no entry barriers; no un-price competition.

Oligopoly: Few companies; uniform or distinguished goods; price controls constricted by mutual interdependence: a great deal of anti-price competition, especially product difference.

In each case, Oligopoly and pure competition differs.

Supermarkets in hometown - Oligopoly is correct; Supermarkets in every area are few in the total amount.

Steel industry - Oligopoly is correct; Companies are few; their goods are somewhat standardized.

Kansas wheat farm - Pure Competition is correct; there is no price control; there is no non-price competition.

Commercial bank - Oligopoly is correct; the facilities are as distinct as the bank can help them look.

Automobile industry - Oligopoly is correct; Imports made the industry more competitive in the past two years, dramatically increasing American automakers ' market power.

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Corporate social responsibility describes the firm's:

goldenfox [79]

Answer:

2. concern for the welfare of society.

Explanation:

Corporate social responsibility refers to a concept that helps a company to take into account environment and social concerns in the business activities to make valuable contributions to society. According to this, the answer is that corporate social responsability describes the firm's concern for the welfare of society.

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3 years ago

Which type of bank account is most likely to pay you interest on the money in the account?

vichka [17]

Answer: A. A savings account

Explanation:

Hi, a savings account is a type of bank account that allows you to deposit money and earn interests for your deposits.

There are different interest rates offered, depending on the bank chosen.

Money kept in a savings account isn’t quite as accessible as cash kept in a checking account.

Feel free to ask for more if needed or if you did not understand something.

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3 years ago

A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te

balu736 [363]

Answer:

Operations

Explanation:

Operations management refers to the management field which deals with the layout and regulation of the manufacturing process and the reconstruction of business activities in the manufacturing goods or services. This means knowing that business activities are valuable in terms of just using as few capitals as possible and in order to fulfill customer needs efficiently.

It is associated with maintaining a total distribution system which is also the method of transforming inputs (in the terms of raw resources, manpower and power) into outcomes (in the terms of products or services) or supplying a commodity or facilities. Produces processes, controls consistency and establishes business

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3 years ago

If the publisher of Central Times wanted to use reverse innovation to increase profits, what might she do?

OverLord2011 [107]

Answer:

(d) Figure out a way to print and distribute a very inexpensive newspaper that people want to read in Haiti, then use the same technology and processes to revamp Central Times in the United States.

Explanation:

"Reverse Innovation is the strategy of innovating in emerging (or developing) markets [A very inexpensive newspaper that people want to read in Haiti] and then distributing/marketing these innovations in developed markets."

Reference: Casestudyinc.com. “Reverse Innovation - Definition and Examples.” Management Case Studies and Articles, 27 Sept. 2014

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3 years ago

Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves exp

rewona [7]

Answer:

D. V fell.

Explanation:

According to the quantity theory :

Money Supply x Velocity = Price x Output

If money supply is fixed, price is directly proportional to velocity.

If price fell, then velocity also fell.

V fell and Y rose

3 0

3 years ago