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Naddika [18.5K]
3 years ago
7

For most goods, a rise in people’s income means that there will be

Business
1 answer:
Ksenya-84 [330]3 years ago
3 0
C. An increase in demand.

Because people will have more money available for demanding further of those goods. Certain exceptions apply to these rule.
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Assume you decide that you would like to open a restaurant in your community. Before taking the plunge, you go to work for a com
g100num [7]

Answer: it is ethical if the restaurant is to be opened outside the community.

Explanation:

7 0
4 years ago
Three airlines account for most of the air traffic in and out of a local city. If the three airlines joined together in setting
kykrilka [37]

Answer:

The options for this question are the following:

A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.

B. monopolistic competitors, as each firm would have to differentiate its airline services from its rivals.

C. perfect competitors, as each firm would sell travel services at the same fares as the other airlines.

D. kinked demand curve oligopolists.

The correct answer is A. a cartel, as the three airlines together would attempt to coordinate policies in the local market to jointly maximize profits.

Explanation:

A cartel is a formal agreement between two or more companies in order to reduce competition between them and increase their profits or joint profits.

A cartel is the formal expression of a collusion agreement. This implies that firms explicitly agree on the level of certain competitive variables such as price, quantity, distribution of customers or areas, etc.

The goal of cartel members is to increase joint benefits at the cost of reducing or eliminating competition. In this way, it is intended to act as a monopoly by increasing prices, reducing the quantity and increasing the profits obtained from sales.

8 0
3 years ago
Identify the right HRM practice that can assist firms in becoming a high-performance organization.
Nina [5.8K]

Answer: Statement C

Explanation: Selection system is the most important system in an organization as it is related to employing the most important asset, that is, human resource.

If a firm wants to become a high performance, the employees working in it must be efficient in their jobs and it is dependent on selection process.

If the recruiter keeps the process of recruitment completely job related and legal checks are done then it can lead to high performance.

4 0
4 years ago
Read 2 more answers
In may, the price of a pair of jeans was 250% of its wholesale cost. in june, the price was reduced by 25%. after an additional
Lorico [155]
We have to go backwards:
After the discount in July ( 50 % ), the cost of jeans is $25.50
So the price before this discount was 2 * $22.50 = $45
In June, the price was reduced by 25%.
45 ------------------75%
x --------------------100 %
45 : x = 75 : 100
45 * 100 = 75 x
4,500 = 75 x
x = 4,500 : 75
x = $60
Finally, in May the price was 250% of its wholesale cost.
60 ----------------- 250%
x -------------------100 %
60 : x = 250 : 100
6,000 = 250x
x = 6,000 : 250
x = $24
Answer: The cost of the jeans in the wholesale was $24.

4 0
3 years ago
Read 2 more answers
Which of the following can increase your credit card's APR?
Sholpan [36]
APR? That's interest.  You don't want to add interest. If you are trying to increase your credit limit you can ask the credit card company - but you need to make sure your payments have been on time
3 0
4 years ago
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