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wariber [46]
3 years ago
8

Home Value Inc., Max Cart Inc., and Nice Necessities Inc. are three consumer-product retailing companies. Their products consist

primarily of day-to-day items that are easy to imitate and sell. All three companies use the same resources and capabilities in the production and distribution of their products. Judging from the market conditions described in this scenario, which of the following statements is true?
A. Resource immobility of the firms will be low.
B. The industry structure will be far from perfect competition.
C. Barriers to entry within the industry will be high.
D. Any advantage that one firm has will be short-lived.
Business
1 answer:
ruslelena [56]3 years ago
8 0

Answer:

D. Any advantage that one firm has will be short-lived.

Explanation:

With the three firms all producing the same product with similar resources in their production and distribution of their products, any advantage that a firm has over the others if any would not last long at all. This is because each firm is using similar technique in the same location. Hence, there's nothing special about one of the firms over the others.

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Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but
melomori [17]

Answer:

C. Process Innovation.

Explanation:

As Dr. Shetty is able to drive down the cost of complex medical procedures from $100,000 to $2,000 not by doing one big thing, but rather by doing a thousand small things. This approach focuses on driving down the cost of healthcare through process innovation. Process innovation is the mechanism when we implement a new or significantly improved manufacturing method with the help of a new technology in order to remain competitive and meet consumers demands at the same time. We try to solve an already existing issue or reforms an existed process in a different way to generate something with huge benefits, likewise, same is the case here with Dr. Shetty who has reduced the cost of healthcare quite significantly just by changing and improving his production methods.

7 0
3 years ago
A student wants to determine what type of cereal his classmates like best. he buys three of his favorite puffed rice cereals and
FrozenT [24]

The answer is D The students conclusion shows experimental bias

3 0
4 years ago
The ability to meet short-term obligations and to efficiently generate revenues is called?
Rama09 [41]

The ability to meet short-term obligations and efficiently generate revenues is called Liquidity and efficiency.

When a financial asset or security may be quickly and easily converted into cash without depreciating in value, this is referred to as having liquidity.

In other words, the degree to which an asset may be swiftly purchased or sold on the market at a price representing its underlying value is referred to as liquidity. Due to its ease and speed of conversion into other assets, cash is regarded as the most liquid asset.

Business efficiency is the amount of output a firm or organization can create given the time, money, and resources available. In other words, a company's efficiency refers to how well it can turn resources like labor, capital, and raw materials into services and goods that generate income.

To learn more about Liquidity and Efficiency refer to:

brainly.com/question/14611247

#SPJ1

8 0
1 year ago
Please give the answer to question one
Nataliya [291]

Answer:

A

Explanation:

A is the answer to the question

7 0
2 years ago
Two college students went to Guadalajara, Mexico, on their spring breaks. One took the vacation in 2002, while the other went in
ad-work [718]

Answer:

1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

If the hotel room in Guadalajara cost 200 pesos per night in 2002 and 220 pesos in 2006 and each student spent five nights in a hotel, which student had more pesos left over:

Student A - 2002

Spent 5 nights x 200 pesos = 1000 pesos

Total pesos  = $500 x 9 = 4500 pesos

Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

Spent 5 nights x 220 pesos = 1100 pesos

Total pesos  = $500 x 11 = 5500 pesos

Pesos left = 5500 - 1100 = 4400 pesos

5 0
3 years ago
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