Answer:
Monopolistic competition can promote different features of their products and consumers are willing to pay more for products containing the features that they desire.
Explanation:
- Here many firms create similar products but they are not a substitute of any other.
- This combines monopoly and competitive market
- It is a form of "imperfect competition"
- This has emerged because the product developed by different people target the same set of audience by providing few differentiation.
Examples of monopolistic competition:
- The restaurant business
- Consumer services
- General specialist retailing
- Hotels / Pubs.\
Advantages:
Disadvantage:
- Higher price
- Fewer incentives
Answer:
This question is incomplete, the options are missing. The options are the following:
a) A retention bonus
b) A piecework rate system
c) A merit pay system
d) The Scanlon plan
e) A balanced scorecard
And the correct answer is the option E: A balanced scorecard.
Explanation:
To begin with, the term known as "Balanced Scorecard" it is a very famous strategy method used in the fields of management and business in order to achieve higher levels of administration from the managers and owners. It is a technique that involves the company's short and long term goals and the way to plan how to incentive the employees of the company in order for them to grow and understand better the plans of the organization so that they could work better and increase the productivity that will consequently affect in the benefits of the enterprise as a whole.
Answer:
The correct option is B,the net income will increase by $800 per day.
Explanation:
The increase or decrease in net income of Clary Corporation can be looking at it from incremental cost/benefit perspective.
In order to arrive at the correct option, the increment in sales as a result of further processing is calculated and the increment in cost is deducted from it
Increment in sales ($2.9-$2)*2000 $1800
Increment in costs <u>($1000)</u>
Increase in net income $800
Option A is wrong because as it only considered the increase in cost .
Option C is wrong as it only considered in revenue
Answer:
Guaranteeing everyone in society the best healthcare possible will likely increase equality and decrease efficiency. Paying laid-off workers unemployment benefits until they find a new job will likely increase equality and decrease efficiency.
