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NemiM [27]
3 years ago
5

J. Pitner Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, dep

artment stores, and discounters. It has established a reputation for offering high-quality, fashionable merchandise with quality service. J. Pitner's competitive environment would best be characterized as:
monopolistic competition. T/F
Business
1 answer:
rjkz [21]3 years ago
5 0

Answer: True - Monopolistic competition

Explanation:

The monopolistic competition is one of the type of imperfect competition in which the various types of industries selling the products and the services that is basically differentiated from others.

In the monopolistic competitors, the different types of decision taken by an organizations are not directly affecting the other competitors in the market.

 According to the question, the J. Pitner's is basically refers to the monopolistic competition in the given competitive environment as it helps in establishing the reputation by offering the various types of high quality services.        

 Therefore, Monopolistic competition is the correct answer.

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When should a variable be included in the regression?
spayn [35]

Answer:

The variable should be included or excluded based on its significance.

True

Explanation:

Multicollinearity affect independent variables which are correlated. These effect the regression model equation and would increase the deviation error. The standard error is incorporated in the calculation by the variance. When multicollinearity is not included in the population then the variance error will be minimum.

5 0
3 years ago
Erastic Company has $14,000 in cash, $8,000 in marketable securities, $34,000 in account receivable, $40,000 in inventories, and
rosijanka [135]

Answer:

1.33

Explanation:

Data provided in the question:

Cash = $14,000

Marketable securities = $8,000

Account receivable = $34,000

Current liabilities = $42,000

Now,

Acid Test Ratio

= (Cash + Marketable securities + Account receivable) ÷ Current Liabilities

= ( $14,000 + $8,000 + $34,000 ) ÷ $42,000

= $56,000 ÷ $42,000

= 1.33

8 0
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Answer:

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Hence, we can see that a tobacco company taking a reactive stance to the claims that smoking causes cancer would: 4. place a warning label on cigarette packages about the dangers of smoking.

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