Answer:
0.9
Explanation:
The formula to compute the four-firm concentration ratio is shown below:
= (Total firm sales of industry A) ÷ (Total firm sales of industry B)
where,
Total firm sales of industry A = $5 million + $2 million + $1 million + $1 million
= $9 million
And, the total firm sales of industry B would be
= $2.5 million × 4 firms
= $10 million
So, the ratio would be
= $9 million ÷ $10 million
= 0.9
Answer:
It is generally not recommended to use a combination of both quantitative and qualitative methods.
Explanation:
For business success it is important to use a combination of qualitative and quantitative methods.
Quantitative methods involves getting insight from data by using formulas, models and other mathematical methods to draw conclusions. Facts and logic is used to make business decisions.
Qualitative methods involve insights that is not based on mathematical methods, for example finding out what motivates consumer spending. It uses tools such as surveys and interviews.
Answer: Market allocates goods effectively.
Explanation: Effective market allocation is the economic market interaction discussed in this case study. As there was a storm and the power lines got down it was obvious that the demand for the batteries and flashlights will increase and the stock became insufficient but the market forces came into action leading to increase in supply and restoring demand and supply to equilibrium level .
People who work in Health Science career clusters can expect a career that deals with promoting health to treating diseases. Some examples of professions in this cluster include dietitians, neurologists, and biomedical engineers. With a wide variety of professions that are included in this cluster, the workplaces where these individuals can work are also equally as diverse.
Thus, the best answer for the question is (C) workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices.
