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Leni [432]
3 years ago
10

Durable ceramics, inc., provides inexpensive ceramic tile to builders of institutional buildings such as schools, prisons, and p

ublic administration buildings. it has always competed on a cost leadership basis. most of its products are purchased by a few commercial construction firms, so it is fairly dependent on these construction firms for selling its product. durable ceramics' next most-efficient competitor, cost-less ceramics, inc., earns average returns, whereas durable earns above-average returns. the commercial construction firms are putting pressure on durable to reduce its prices. if durable reduces its prices below those of cost-less's prices, it is likely that:a. both durable and cost-less will devise additional ways to become more efficient in their productionprocesses.b. durable will be unable to absorb the lower cost, and will go out of business.c. both cost-less and durable will go out of business, leaving the customers with fewer alternative sources oflow-cost tile.d. cost-less will go out of business, and durable will gain higher power over its customers.
Business
1 answer:
anzhelika [568]3 years ago
5 0

Answer:

d. cost-less will go out of business, and durable will gain higher power over its customers.

Explanation:

Durable ceramics, inc will only reduce its prices if this is to its advantage. We live in a capitalist world where companies make decisions based on their own benefits. In this case, in order for Durable ceramics, inc to lower its prices and have no losses, it would expand its sales. In this way, Durable ceramics, inc would be able to capture customers from its competitors, and could make them go bankrupt.

Thus, we can conclude that if Durable ceramics, inc reduced its prices, Cost-Less would go out of business and Durable would gain greater power over its customers.

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"Tariffs and other trade restrictions increase the domestic scarcity of products from abroad. Such policies benefit domestic pro
serg [7]

Answer: A

Explanation: Tariffs are imposed on foreign goods that are bought into a country. There are several reasons for the imposition of tariff such as revenue generation for the government, prevention of dumping, and protecting local industries.

When tariffs and other trade restrictions are placed on a product, it increases the domestic prices of such products. This is a blessing to domestic producers selling similar products because there will be an increase in demand for domestic products

4 0
3 years ago
Read 2 more answers
Greg, the IT manager, feels that his employees lack the motivation to consistently meet department goals; therefore, the approac
Nata [24]

Answer:

Classical

Explanation:

The classical point of view assumes that the company should not assume any responsibility other than the sea to obtain the greatest possible benefit for its owners. According to this view, the managers of an organization are employees that the shareholders and their obligations are strictly limited to these last

Milton Friedman says: "In a free economy, the company has one and only one social responsibility: use its resources and carry out specific activities to increase its benefits, provided it complies with the rules of the game, that is, acting in free and open competition, without fraud or deception. "

8 0
3 years ago
An online investment blogger advises investing in mutual funds that have performed badly the past year because 'regression to th
Kipish [7]

Answer:

The correct answer is: No, he is not correct.

Explanation:

Regression to the mean is a statistical phrase that tries to explains that is something happened at the first attempt, it is likely to happen again at a second attempt and if it happens at the second attempt it is because it almost happened at the first attempt.

Then, following the concept of regression to the mean,<em> if a mutual fund performed badly on the last period, it is likely to perform even worse in the current period</em>. Thus, the online investment blogger is wrong.

7 0
3 years ago
Michael is a part of a new product development team that operates nearly autonomously from its parent organization—worldlogix. w
vovikov84 [41]

Answer:

B. skunk-works

Explanation:

Based on the scenario being described within the question it can be said that Micheal's team can be best referred to a skunk-works team. This is a team of individuals that come together in order to research and develop new innovative achievements, and is characterized as having a loosely structured group with little to no bureaucracy and a decentralized authority.

4 0
3 years ago
Read 2 more answers
Sheffield Corp. assigned $1601000 of accounts receivable to Pharoah Company as security for a loan of $1344000. Pharoah charged
Tpy6a [65]

Answer:

$1,317,120

Explanation:

Cash received by Sheffield Corporation at the time of assignment = Amount borrowed - Commission paid

= $1,344,000 - ($1,344,000 * 2%)

= $1,344,000 - $26,880

= $1,317,120

So, the amount of cash Sheffield received from Pharoah at the time of the assignment was $1,317,120

7 0
3 years ago
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