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3 years ago

Which of the following best describes a situation where software should be upgraded instead of replaced?

1 answer:

6 0

Not sure what you’re asking because there’s no answers or picture to choose from, but

Example: If storage is full on a computer, you could upgrade your storage instead of getting a new computer

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For each of the following scenarios, identify the number of firms present, the type of product, and the appropriate market model

marshall27 [118]

Answer:

Number of Firms - many

Type of Product - differentiated

Market Model - monopolistic competition

Number of Firms - many

Type of Product - standardised

Market Model - perfect competition

Number of Firms - few

Type of Product - standardised

Market Model - oligopoly

Number of Firms - one

Type of Product - unique

Market Model - monopoly

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry. In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.

Oligopolies are characterised by:

price setting firms
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve

3 0

2 years ago

Networks are proven to be relevant in the context of innovation and entrepreneurship. Explain

kolbaska11 [484]

Answer:

Accommodation

Engagement Refinement

Explanation:

In the entrepreneurial ecosystem, networks still remain a popular and important aspect which is often thought and seen as a stepping stone to achieving entrepreneurial greatness. This network simply entails the creation of a circle or set of skilled individuals usually in different strategic areas of specialization relevant to a certain business line or sector. This way embarking on projects tends to be much easier as these networks of people can offer help, tips or together engage in to proffer solution on time. Networks are created usually through meetups and good interpersonal relationships. Having professionals around can speed up processes and. However, networks has to be properly managed usy be being accommodating and warm when approcached; frequent engagement topics and trending issues, including the desire to learn more and measure up to new trends.

8 0

3 years ago

Beckronski Company has the following information available for the month of March: Units Transferred- in Costs Direct Material

storchak [24]

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

Units Transferred- in Costs

Direct Mat Conversion Costs WIP inventory

March 1 240 $33,600 0 $18,000

Percent complete 100% 0% 62.5%

Equivalent Units 240 - 150

Transferred in

March 400

Equivalent Units 400 400 400

Mar 31 WIP inventory, 200

*Percent complete 100% 0% 80%

Equivalent Units 400 - 320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March $52,000 $13,200 $48,600

Units Cost for Direct Materials= $52,000 /230= $ 226.086

4 0

3 years ago

The quantity portion of the staffing definition means that organizations must be concerned about staffing levels and their adequ

azamat

The principle of the question is false to my own knowledge from my great great grandpa.

8 0

3 years ago

ERP success depends on several key factors being met. These factors include all of the following except _________. Select one: a

bonufazy [111]

Answer:

a. Minimize change for workers

Explanation:

Enterprise Resource Planning (ERP) is a method adopted by most companies to manage and integrate the various part of their business. This ERP is based on the usage of software for easier deployment of the integration and it depends on so many factors.

An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more of any given business enterprise.

7 0

3 years ago