Answer:
This is an example of price leadership.
Explanation:
Price leadership is a type of practice where a firm, most likely a dominant one, sets the price and other firms follow it. It is commonly seen in an oligopoly market.
In an oligopoly market, there are a few firms, these firms are interdependent. A price change by one firm affects its rivals.
Price leadership is of different types.
- Barometric
- Collusive
- Dominant
So when a dominant firm changes its price, the followers have to follow it if we they want to retain their market share.
Answer:
Kelli can deduct up to $6,000 in expenses from her net income, so her net income for this year would be $0. She could have deducted an even larger amount if her net income had been higher (up to $12,000 in deductions), since you can only deduct up to the amount of your net income.
I guess the correct answer is consultative
The local skydiving team is buying new parachutes. The team's coach has invited all team members to make recommendations, after which he will select the successful vendor. The skydiving team's buying center has a(n) consultative organizational culture.
Answer:
You suck!!
I new I should of flagged you!
Answer:
According to finance theory, firms should attempt to maximize the <u>long term price </u>of the firm's common stock. The benefit to this objective is that it provides the best financial outcome for the firm's shareholders
.
Explanation:
Finance theory distinguishes between profit maximization and wealth maximization.
Profit maximization is considered to be a narrow concept as it is only concerned of activities by which a company can maximize it's gains at any cost.
Wealth maximization takes into account taking care of the interests of stakeholders which include a company's shareholders. When emphasis is laid upon wealth maximization of shareholders, profits are automatically taken care of.
Shareholder's wealth maximization is one of the aims of financial management as it's a broader concept.
