Answer:
differentiated products.
Explanation:
An oligopoly occurs when a few large firms dominate a market and they aim to maximise profit. The action of one firm has significant effect on the market, so the firm's are interdependent.
There are high barriers to entry including use of government liscences, patents, economies of scale, and actions taken by firms to discourage entry into the market.
However differentiation of products is not a necessary condition for oligopoly. Products can be homogenous or differentiated.
Answer:
compromising
Explanation:
Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.
Answer:
He stated that most United states companies that are blue-chip will be the first to suffer the effects from a trade war.
Explanation:
Solution
Mr. Wadhwa came in terms with Andy Grove not fully as he did not find the protectionist trade war as acceptable.
He stated that it will greatly affects those firms who got their sales majorly from abroad. although, he favored need of more job creation in the United States.
Mr. Wadhwa’s main issue was that going for protectionist trade, where products which are produced off-shore and then transported to United States will be forced to pay more taxes, this will have a negative effect over existing large Blue chip organizations or firms.
Hence, he suggested to focus more over mid-career entrepreneurship.
Answer:
C. Fixed price with incentive
Explanation:
In the fixed price with incentive contract, if the supplier can demonstrate actual cost savings through production efficiencies or substitution of materials, the resulting savings from the initial price targets are shared between the supplier and the purchaser at a predetermined rate.
Fixed-price incentive contract refers to a fixed-price contract which provides for adjusting profit and establishing the final contract price by application of a formula based on the relationship of total final negotiated cost to total target cost. It provides for the adjustment of the contract price and profit.
The amount of the adjustment is determined by a formula which is based on the relationship between total negotiated cost and the target cost or the actual cost, or some other factors.
