Nike is the world's largest company in the footwear market and has the biggest market share in the USA.
Explanation:
Nike has a mammoth share of 29% in the global market and has even greater of a monopoly in the USA for footwear markets.
This monopoly comes at the expense of its competitors like Adidas that are relegated to the global second in almost all spots by the Nike market share.
Nike has been worn more throughout history and its smart brand tactics have kept the market in the USA as alive as it was before and with constant demand for the shoes of all ranges.
Marketplace justice asserts that during a loose marketplace economic system, market forces can obtain an honest distribution of healthcare amongst people who have got the liberty to purchase the healthcare offerings they value. In market justice, healthcare is rationed by way of the willingness and potential of humans to pay for healthcare.
Social justice emphasizes treating the human beings inside the society, which includes the negative and the rich, as equals to make sure harmony in the society. marketplace justice, then again, emphasizes giving each individual taking part in the exchange of products and services an equal hazard to prevail.
“Social justice" is the view that everyone merits the same monetary, political, and social rights and opportunities. Social workers goal to open the doorways of getting right of entry to and opportunity for every person, particularly the ones in best need.” national association of Social people. “Social justice encompasses financial justice".
Learn more about Social justice here
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Answer:
False.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.
Answer:
price fixing agreement
Explanation: Price fixing is an agreement (written, verbal) among competitors to sell a product, service, or commodity only at a fixed price. These competitors who agree to this agreement are responsible for raising, lowering, or stabilizing prices according to their competitive terms. Generally, consumers make choices to what products and services to buy, and they expect that the price should be determined freely on the basis of supply and demand, not by an agreement among competitors. in this type of case, prices tend to be higher which is a major concern for the consumers.
Answer:
Estimated Income Statements, using Absorption and Variable Costing Prior to the first month of operations ending October 31, Marshall Inc. estimated the following operating results:
Sales (21,600 x $75) $1,620,000
Manufacturing costs (21,600 units):
Direct materials 984,960
Direct labor 233,280
Variable factory overhead 108,000
Fixed factory overhead 129,600
Fixed selling and administrative expenses 35,300
Variable selling and administrative expenses 42,600 .
Explanation:
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