Answer: No, there is no dominant strategy for Firm A.
Explanation:
Dominant strategies would refer to those that a Firm can take and still have a better payoff regardless of what the other Firm/player chooses. From the above, there is no dominant strategy for Firm A because there is no single strategy that they can follow that will maximise payoff regardless of what B does.
For instance, if Firm A were to charge a lower price, and Firm B charged a higher price, Firm A would make less than Firm B at $2 million. They make less regardless of any decision they make.
Lenders always accept applications for credit.False
Credit tends to cost individuals more than paying in cash.
True
Credit cards all use the same interest and finance charges.
False
One advantage of credit is that it can give you a “float” time between buying the product and when you need to pay for it.
True
Answer:
NO, I DO NOT AGREE
Explanation:
External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.
the micro environment factors are PESTLE
customer, suppliers, competitor, public perception,
the macro environment factors are PESTLE
P -political
E - Economic
S -Socio cultural
T - Technological forces
L - Legal
E - Environmental factors
All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.
Answer:
The correct answer is letter "B": less; perfect competition.
Explanation:
Typically, <em>more output is produced in perfect competition markets than in markets ruled by price discrimination</em>. Consumer surplus is greater at the same time. Group price discrimination transfers the company some of the competitive consumer surpluses as an additional profit and causes the loss of deadweight due to reduced production.
Answer: 75 days
Explanation:
The total customer-response time (CRT), will be calculated as:
Order received by the manufacturing department = 15 days
Add: Order put into production = 20 days
Add: Processing time = 25 days
Add: Shipping Time = 15 days
Total customer response time = 75 days
