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alekssr [168]
3 years ago
14

Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Be

tween the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market.
How might Robert differentiate his ice cream shop, JubJub's, so that he can garner some market power?
Business
1 answer:
Alja [10]3 years ago
5 0

Robert has a passion for making ice cream. Assume that ice cream parlors have a market structure of monopolistic competition. Between the local Amy's, Cold Stone Creamery, Marble Slab, Ben & Jerry's, and Baskin Robbins, he has an uphill battle to break into the local ice cream market-

<u>Robert differentiate his ice cream shop, JubJub's, -BY OPENING IT IN "The Triangle</u><u>" area(where the elementary,middle school and the high school are less than 5 minutes away)</u>

Explanation:

The main characteristic of a Monopolistic market are:-

  • Their exist many firms in the market.
  • The products sold by the firms are similar in nature not identical.
  • The firm are free to enter and exit the market.
  • The firms have little power to increase their prices.

So considering the above option the only valid  choice left with Robert to differentiate his ice cream shop, JubJub's is that  he opens his shop near <u> "The Triangle</u><u>" area (where the elementary,middle school and the high school are less than 5 minutes away)</u>

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The three steps for IT security management controls and implementation are: prioritize risks, respond to risks, and monitor risks.

The IT Security Management focus on identifying security risks arising at time and take countermeasures accordingly. They controls risks on the information system through three steps. They are:

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The IT security management is implemented to ensure that the risk management is done properly. It evaluates the effectiveness of security controls. They first identify the risks and then start to respond to the risks by evaluating its potentials. Even after implementing a risk tolerance and management processes, they continue to monitor the risks as well.

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1 year ago
What is the multiplier
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Person or thing that multiplies.
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7 0
3 years ago
​the employees of a company feel that rewards are fairly allocated. this illustrates _____.
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3 years ago
Which of the following could most likely have prevented the accounting scandals of the early 2000s and the global financial cris
sveta [45]

Answer:

C. Practicing effective corporate governance

Explanation:

Accounting scandals refer to the scandals of the business that occurs from the change in the financial statements that to be done in a deliberate manner also the disclosing information is misled. It involves an organization as a whole.

In order to prevent the accounting scandals and the global financial crisis it could practicing corporate governance in an effective manner

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3 years ago
A University of Iowa basketball standout is offered a choice of contracts by the New York Liberty.
Ratling [72]

Answer: <em>The lowest interest rate at which the present value of the second contract exceeds that of the first is </em><em>a. 7 percent</em><em>.</em>

Explanation:

<em>Calculating present values is a useful way to compare cases where money is to be received in the future. The higher the present value (when comparing cases where you get money), the better</em>. To calculate it, we make use of the next formula:

PV=\frac{C}{(1+r)^{n}}

Where PV: Present value,

C: Cash flow at a given period,

r: Interest rate, and

n: Number of periods that will have passed (in this case, we are talking about years).

Now, since we are getting money twice in each case (the first payment one year from today, and the final payment two years from today), we can restructure our present value formula to include these two payments. We will get something like this:

PV=\frac{C_1}{1+r}+\frac{C_2}{(1+r)^{2}}

<em>Notice how each fraction represents one of the payments received, with one having an 'n' of 1 year, and the other one having an 'n' of 2 years. C₁ and C₂ represent the first and the second payment, respectively.</em>

<em />

Now that we have our completed formula, let's review each contract's present value (PV) with the lowest interest rate (7%), just to see how it turns out. <em>Remember that 7% equals 0.07 in any formula</em>:

<em>Contract A) This one gives her $100,000 one year from today and $100,000 two years from today</em><em>.</em>

PV_{A,0.07}=\frac{100000}{1+0.07}+\frac{100000}{(1+0.07)^{2}}\\PV_{A,0.07}=93457.944+87343.873\\PV_{A,0.07}=180801.817dollars

So Contract A's present value at 7% interest rate would be equal to <em>$180801.817</em>.

<em>Contract B) The second one gives her $132,000 one year from today and $66,000 two years from today</em><em>.</em>

PV_{B,0.07}=\frac{132000}{1+0.07}+\frac{66000}{(1+0.07)^{2}}\\PV_{B,0.07}=123364.486+57646.956\\PV_{B,0.07}=181011.442dollars

So Contract B's present value at 7% interest rate would be equal to <em>$181011.442, </em><em><u>which exceeds that of Contract A</u></em><em>.</em>

<em>Since among our options of interest rates, 7 percent is the lowest one, and, with this taken into account, the present value of the second contract (Contract B) exceeded that of the first (Contract A), </em><em>the answer is a. 7 percent</em><em>.</em>

8 0
3 years ago
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