(Economics) Under what circumstances would corn be considered a commodity?

Mars, America’s second-largest candy company, began doing business in Russia in the late 1980s. The Snickers bar is one of the t

Natali [406]

Answer:

International firm

Explanation:

An international firm refer to the firms headquartered in United States who make sizable investments outside the United States with multiple profit centers.

A profit center is a unit or department of an organization that incurs costs and generates revenues.

In the given case, Mars, the large candy company has it's headquarters at McLean, Virginia, but has many divisions and operations spread across the world in different countries. Thus, Mars represents an international firm whose investments are spread across different nations with multiple profit centers.

3 0

3 years ago

Read 2 more answers

In an advertisement for Dow bathroom cleaner, animated, talking scrubbing bubbles are used to show how hard the bubbles work to

creativ13 [48]

Answer:

The answer is product symbol.

Explanation:

This is an example of a product symbol executional style. Because it uses a character to represent the product.

5 0

3 years ago

The company allocated manufacturing overhead of using a predetermined overhead rate of per machine hour. The total actual manufa

blagie [28]

Answer:

Instructions are below.

Explanation:

Giving the following information:

We weren't provided with enough information to answer, but, I can provide with an example and formulas to guide an answer.

For example:

Estimated overhead for the period= $1,500,000

Estimated machine-hours= 55,000

Actual machine-hours= 62,000

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,500,000/55,000

Predetermined manufacturing overhead rate= $27.27

Now, we can allocate overhead based on actual hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 27.27*62,000

Allocated MOH= $1,690,740

4 0

3 years ago

You are going to by a computer but first you want to do some research to help you select the best model for your needs where sho

Zielflug [23.3K]

An independent consumer education website that has no motive to try to sell you something such as Consumer Reports.

5 0

3 years ago

Suppose the Herfindahl indexes for industries A, B, and C are 1,200, 5,000, and 7,500 respectively. These data imply that: Group

iVinArrow [24]

Answer: market power is greatest in industry C.

Explanation:

The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.

A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.

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2 years ago